New 350z
excerpt from Wikipedia:
In general, a vehicle is deemed "salvage" when the insurer determines that the repair or replacement cost is in excess of approximately 75% of its market value at the time of the accident or theft.
unless i am confused, i understand it that your family friend indicated there was damage on the vehicle. 75% of the market value of a 20,000 car is 15,000 worth of repairs. 75% of 15,000 is 11,250 worth of repairs.
In general, a vehicle is deemed "salvage" when the insurer determines that the repair or replacement cost is in excess of approximately 75% of its market value at the time of the accident or theft.
unless i am confused, i understand it that your family friend indicated there was damage on the vehicle. 75% of the market value of a 20,000 car is 15,000 worth of repairs. 75% of 15,000 is 11,250 worth of repairs.
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From: Canada
excerpt from Wikipedia:
In general, a vehicle is deemed "salvage" when the insurer determines that the repair or replacement cost is in excess of approximately 75% of its market value at the time of the accident or theft.
unless i am confused, i understand it that your family friend indicated there was damage on the vehicle. 75% of the market value of a 20,000 car is 15,000 worth of repairs. 75% of 15,000 is 11,250 worth of repairs.
In general, a vehicle is deemed "salvage" when the insurer determines that the repair or replacement cost is in excess of approximately 75% of its market value at the time of the accident or theft.
unless i am confused, i understand it that your family friend indicated there was damage on the vehicle. 75% of the market value of a 20,000 car is 15,000 worth of repairs. 75% of 15,000 is 11,250 worth of repairs.
Last edited by Zayt; Jan 20, 2013 at 03:38 PM.
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