Can a car worth 110,000 yuan be scrapped if the assessed damage is 40,000 yuan?
3 Answers
A car worth 110,000 yuan can be scrapped if the assessed damage is 40,000 yuan. Registered motor vehicles shall be mandatorily scrapped under any of the following circumstances: if they still fail to meet the national safety technical standards for in-use vehicles after repair and adjustment; if they still fail to meet the national emission standards after repair, adjustment, or the application of control technologies; or if they fail to obtain the motor vehicle inspection qualification mark for three consecutive inspection cycles after the expiration of the inspection validity period. Common scrapping regulations for commercial vehicles: Small and mini taxi passenger vehicles have a scrapping period of 8 years, medium-sized taxi passenger vehicles 10 years, and large taxi passenger vehicles 12 years. Public transport passenger vehicles have a scrapping period of 13 years, other small and mini commercial passenger vehicles 10 years, and large and medium-sized commercial passenger vehicles 15 years. Mini commercial trucks have a scrapping period of 8 years, light and large commercial trucks 10 years. Regulations on cross-region vehicle scrapping: According to Article 30 of the 'Motor Vehicle Registration Regulations,' if a vehicle is damaged and cannot be driven back to its registered location, the owner may sell the vehicle for scrapping to a motor vehicle recycling enterprise in the vehicle's current location.
Let's talk about this situation. When a car worth 110,000 yuan is assessed with a damage cost of 40,000 yuan, should it be written off? From an insurance perspective, the industry standard is usually to declare a total loss and write-off when repair costs exceed 50% to 80% of the vehicle's value. Your ratio is around 36%, which is below the threshold, so the insurance company is likely to opt for repairs rather than writing it off. However, this is not absolute and depends on the specific terms of your insurance policy: for example, some companies may consider the vehicle's residual value and safety. If the car is old or has severe structural damage, it might be written off even if the repair costs are low. It's advisable to proactively contact your insurance company to discuss and negotiate possible solutions. Also, consider the post-repair usability of the vehicle—passing safety tests is crucial. The decision to write off or not affects the future resale value; accident cars depreciate faster and are harder to sell compared to brand-new cars.
Bro, I've been in a similar situation. Your car is worth 110,000, and the estimated repair cost is 40,000, right? The repair cost isn't too high, only about 36% of the car's value, so it generally wouldn't be written off. Insurance companies often opt for repairs because they calculate it's cheaper. But as the owner, I'd say it's worth considering: after repairs, your car might depreciate to 60,000-70,000, and there could still be safety risks. Maybe consider totaling it—negotiate with the insurer for a full loss payout, then add some money to get a new car. The key is to check the details of your insurance policy to avoid getting shortchanged. In the long run, repaired accident cars often have more issues, and if you need more repairs later, it could be even more troublesome.
