Buying a new car typically isn’t cheap, which is why so many Australians turn to used vehicles for their next car purchase. A used car often means a much lower price without sacrificing much on quality. Used cars can come in conditions that range from “ like-new” to “repairable write-off”, meaning there’s a lot of choices for consumers in the market for a new vehicle. In your used car search you may come across vehicles that are labelled as ‘repairable write-off.’ Repairable write-off, sometimes also known as “economic write-off”. It is determined by the insurance companies who assess that, when the vehicle’s salvage value is added to its repair cost, the market value of the car is exceeded. These definitions…
