I understand cars labeled as a statutory write off can not be registered, but what exactly puts them in this category?
I've seen cars which are statutory write offs which appear to have fairly minimal damage on them.
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I understand cars labeled as a statutory write off can not be registered, but what exactly puts them in this category?
I've seen cars which are statutory write offs which appear to have fairly minimal damage on them.
Water damage , rail ( chassis) damage etc
These can be relatively unseen.
Even if the car is damaged more then its worth! Hail damage extra! They wont spend more to fix it then its worth!
According to VicRoads:
More details on the criteria for a vehicle to be classified as a statutory write off at http://www.vicroads.vic.gov.au/Home/...gisterWOVR.htmQuote:
Originally Posted by VicRoads
Also remember most insurance companies will write off a car if you've done 40% or more worth of damage compared to the agreed value (or some % anyway, but I believe it's less around 40-60%).
A lot of it has to do with state laws ....in NSW anything that gets written off becomes a stat write off ....In other states they still have repairable write offs being sold at auctions...
These days in NSW they have revised the terms to describe them.
Statutory write off is severe structural damage, water damage, basically things that affect the safety of the car.
Total Loss (old repairable write off) is used when the cost to repair is more than the market value of the car. So there may not be chassis damage, but if its classed as total loss, you still cant fix and re register.
yeah but i think its gotta have club or race rego for this to happen.