It is utmost necessary to check the written off details of any vehicle to be purchased. It may lead to a severe setback if you unknowingly purchase a written off vehicle. A badly damaged vehicle or not repairable, which cannot be reused is declared as written off. It means that it’s registration with government authority is cancelled and now the vehicle is dead on records.
The entire concept of writing off vehicle came into practice after observing that the very badly damaged vehicle is bought by thieves to give its identity to the stolen vehicle.
So what ultimately is written off vehicle register?
Written off vehicle register, a national initiative is taken to keep a track of dead vehicles. All states should abide by it apart from their own legislatures. Here in Corporate Training, the wreckers, insurance companies, dealers, recyclers, auctioneers, who buy, recycle or assess any vehicle should update the government, when they write off any vehicle.
Finally, the entry is updated in writing off vehicle register, which is accessible by everyone. Any vehicle buyer should have check of this register before buying any second hand vehicle. This register includes vehicles only up to the age of 15 years. The older vehicles are not updated in it. It only includes caravan, cars, trailers and motorbikes.
Detail of Written off vehicle
There are two categories in written off vehicles. One is repairable write offs and other is statutory write offs.
Repairable write off
Repairable write off is warning a situation, where the actual market value of a vehicle is less the resale value and total repair cost of the vehicle.
A small damaged car, but quite old can be declared as written off as the cost of repairing it would be just above the old used car resale value.
A car, which is declared as a repairable write off can be repaired and brought back to roads unless it has undergone an inspection by the government authority and repaired as per the standards set by its original manufacturer. It has to get its validity checked and pass road worthy check.
Statutory write off
In case of very prominent structural damage, which can’t be repaired, it is declared as a statutory write off. The damage should be such that it cannot be back to the roads or safe on roads. Damage can be categorized as flood, stripping off or fire.
After declaration of statutory write off, it can only be handed over to a wrecker or scrapper for metal recycle. There should be a clear label on it for statutory write off on it.
How to verify written off vehicle?
Before purchasing any car, Driving school artarmon is safe to check out with a registration authority about the status of the car. Once a vehicle is declared as written off, the status is updated in the registration certificate.