Purchase advice: VGA, yes or no?

Have you ever heard of a Severely Accidented Vehicle (VGA) vehicle? In general, we find this information on the registration certificate of a vehicle, but we must still be wary since some fraudsters specialize in the art of changing serial numbers from one vehicle to another. , but that’s not what we’re talking about today since we’re talking about vehicles that are legitimately VGA.

There are several factors to consider when buying a vehicle that has been declared VGA, but before looking into the matter you must first and foremost know what is considered a VGA vehicle. During my career, I have been asked to inspect several vehicles of this type and I can tell you that some of them were in better condition than many vehicles that have never had an accident.

You should know that several situations can lead an insurer to declare a vehicle as a serious accident. First, this title can be issued following an accident. However, a vehicle can also be declared VGA in the event of a flood, for example. The important thing is to understand that a vehicle is declared VGA when the cost of repairs or refurbishment exceeds a certain percentage of the value of a vehicle. Some features are so expensive to repair that some vehicles with minor visual damage may also be declared VGA. We can think of vehicles that are equipped with a front camera and adaptive cruise control. A minor front collision can easily cost an insurer $30,000. In short, no matter the situation, when the repair costs are too high, the vehicle is declared VGA, but it can be refurbished. However, this is where the VGA title appears on your registration certificate. Be aware that this can affect your insurance premium.

Now that we’ve established what constitutes a vehicle that is considered VGA, it’s important to know that it can happen at any point in a vehicle’s life. So, if the vehicle you are interested in is a model that is already 8 years old, but the latter was declared VGA 7 years ago and most of its existence has passed without problems since the title was issued, in general, there is not too much to worry about. In fact, it can be an excellent opportunity since vehicles declared VGA generally have a much lower value than the others even if in fact, they are as solid as an original model. Many car enthusiasts particularly value VGA exotic cars for this reason. For example, a Maserati Granturismoalready does not maintain a very good resale value at the base and as you can imagine, its repair and maintenance costs are stratospheric. Thus, a small accident alone can be enough to lead a GranTurismo to a VGA title if the latter is only a few years old.

However, the first thing you should do if you are interested in a VGA-declared vehicle is to have it inspected by someone you trust, as some details are quite easy to hide and should not always be relied upon. what we find on the CarFax report. In short, the more you know about the model in question, the better you know. Don’t be afraid to go back to the day of the accident and talk to the person who rebuilt the car to make sure they did it with the utmost care. What we especially seek to avoid with an AGV vehicle is damage to the vehicle’s structure, because these are generally irreversible and can make the vehicle less safe. In contrast,

Small very important detail before finishing, it should be known that no bank finances a vehicle whose title is VGA. So, make sure you have the necessary amount to cover the purchase of the vehicle you are interested in and all related expenses. You can always take out a personal loan, but it’s something you should strongly avoid, especially for a vehicle whose value is plummeting.

Purchase advice: VGA, yes or no?

Have you ever heard of a Severely Accidented Vehicle (VGA) vehicle? In general, we find this information on the registration certificate of a vehicle, but we must still be wary since some fraudsters specialize in the art of changing serial numbers from one vehicle to another. , but that’s not what we’re talking about today since we’re talking about vehicles that are legitimately VGA.

There are several factors to consider when buying a vehicle that has been declared VGA, but before looking into the matter you must first and foremost know what is considered a VGA vehicle. During my career, I have been asked to inspect several vehicles of this type and I can tell you that some of them were in better condition than many vehicles that have never had an accident.

You should know that several situations can lead an insurer to declare a vehicle as a serious accident. First, this title can be issued following an accident. However, a vehicle can also be declared VGA in the event of a flood, for example. The important thing is to understand that a vehicle is declared VGA when the cost of repairs or refurbishment exceeds a certain percentage of the value of a vehicle. Some features are so expensive to repair that some vehicles with minor visual damage may also be declared VGA. We can think of vehicles that are equipped with a front camera and adaptive cruise control. A minor front collision can easily cost an insurer $30,000. In short, no matter the situation, when the repair costs are too high, the vehicle is declared VGA, but it can be refurbished. However, this is where the VGA title appears on your registration certificate. Be aware that this can affect your insurance premium.

Now that we’ve established what constitutes a vehicle that is considered VGA, it’s important to know that it can happen at any point in a vehicle’s life. So, if the vehicle you are interested in is a model that is already 8 years old, but the latter was declared VGA 7 years ago and most of its existence has passed without problems since the title was issued, in general, there is not too much to worry about. In fact, it can be an excellent opportunity since vehicles declared VGA generally have a much lower value than the others even if in fact, they are as solid as an original model. Many car enthusiasts particularly value VGA exotic cars for this reason. For example, a Maserati Granturismoalready does not maintain a very good resale value at the base and as you can imagine, its repair and maintenance costs are stratospheric. Thus, a small accident alone can be enough to lead a GranTurismo to a VGA title if the latter is only a few years old.

However, the first thing you should do if you are interested in a VGA-declared vehicle is to have it inspected by someone you trust, as some details are quite easy to hide and should not always be relied upon. what we find on the CarFax report. In short, the more you know about the model in question, the better you know. Don’t be afraid to go back to the day of the accident and talk to the person who rebuilt the car to make sure they did it with the utmost care. What we especially seek to avoid with an AGV vehicle is damage to the vehicle’s structure, because these are generally irreversible and can make the vehicle less safe. In contrast,

Small very important detail before finishing, it should be known that no bank finances a vehicle whose title is VGA. So, make sure you have the necessary amount to cover the purchase of the vehicle you are interested in and all related expenses. You can always take out a personal loan, but it’s something you should strongly avoid, especially for a vehicle whose value is plummeting.

Leave a Reply

Your email address will not be published.

x