Re: backdoor way to sell more ve utes?
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Just a bit of info on (NSW) write offs...
Now that in most cases (bar the exceptions), the write cannot be re-registered, thus, the scrap price has dropped due to the higher rate of stat write-offs.
because of this, insurance companies are working up to 5% of the cars repair cost/value, as in some cases, they get more money out of the excess fees, rather then the scrap price and associated costs.
So the new write off rulings have infact, had a positive effect on the industry...to an extent.
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