Can a Total Loss Vehicle Be Normally Traded After Repair?
1 Answers
With the consent of the insurance company, a total loss vehicle can be traded. The primary method of disposal is through auctions, and most total loss vehicles end up in the used car market. According to Chinese laws and regulations, as long as a total loss vehicle meets the national requirements for roadworthiness, it can be legally traded. Important Notes: China prohibits the trading of scrapped vehicles. As long as a total loss vehicle does not meet the scrapping criteria, it can be normally bought and sold. Legal Basis: "Road Traffic Safety Law of the People's Republic of China," which is enacted to maintain road traffic order, prevent and reduce traffic accidents, protect personal safety, safeguard the property and other legitimate rights and interests of citizens, legal persons, and other organizations, and improve traffic efficiency. Regulations: All vehicle drivers, pedestrians, passengers, and individuals or entities related to road traffic activities within the territory of the People's Republic of China must comply with this law.