What is a vehicle write off?

[import_illusion]

can someone explain to me what it is?
yea i know it's stupid that i don't know

[jaysas_63]

Originally posted by import_illusion
can someone explain to me what it is?
yea i know it's stupid that i don't know

when u get into an accident...and the damage basically surpases the value of the car...so ur better off, "writting it off" and just buyin another one...

[cman]

when the cost of fixing it would be greater than the cost of buying the same vehicle??? im not srue if thats a great explanation

[t-im]

isnt it when damage is 75% of the value of the car or more

something of that?

[statick]

if the cost to repair the car is more than the value of the car (blackbook value, but u can argue against it if u have paperwork showing how much u paid for it), they just give you tha blackbook value of the car, which is usually pretty damn low.