Can a Total Loss Vehicle Be Normally Traded After Repair?
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Can a Total Loss Vehicle Be Normally Traded After Repair? A total loss vehicle can be normally traded after repair, according to Chinese laws and regulations, as long as it meets the national standards for roadworthiness. In China, only scrapped vehicles are prohibited from being traded, so total loss vehicles that do not meet the scrapping criteria can still be bought and sold. Below are the details: Overview: With the consent of the insurance company, a total loss vehicle can be traded. The disposal method for total loss vehicles can include auctions, and most vehicles deemed total losses end up in the used car market. Auction Process: The insurance company will repair the vehicle and then sign an agreement with an auction company to conduct the auction. Many vehicles enter the auction process within 15 days, with options for on-site or online auctions. The entire process is lawful, and the insurance company will assist with the transfer of ownership.