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close....if damage is greater than 50% of value (archive)

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Posted by Jon K on May 23, 2001 at 17:28:54:

In Reply to: I think..... posted by Jeff E on May 23, 2001 at 16:49:21:


I think this means that the car was damaged at some point, whether by accident, flood, theft or what have you, and the estimate to fix it was more than the car was valued at, so they totalled it. Then someone buys the car, fixes it up and puts it on the road, and the state issues a salvage title for it. That's my take on it anyway.





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