Glossary

Abandoned (registration status)

Vehicle was found deserted and the owner could not be located, or there was no jurisdictional record of the vehicle.


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Auction announced as accident repair

A wholesale auction has reported a vehicle as “accident repair ” because the auction has confirmed repairs were completed.


We are not able to provide details pertaining to the repairs but we advise that you get the vehicle inspected.


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Auction announced as fleet/lease

A wholesale auto auction has reported the vehicle as a fleet or leased vehicle. An example of a fleet vehicle is a vehicle lent out to a business for temporary use.


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Auction announced as flood damage

A wholesale auto auction has reported that the vehicle was involved in a flood or may have endured water damage.


We recommend an inspection to confirm the vehicle's current condition or speak to the seller of the vehicle for more information.


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Auction announced as frame damage

A wholesale auto auction has reported that the vehicle has frame damage, which can weaken the structure of the vehicle.


This may also appear if an after-market product was drilled/attached to the frame (i.e. snow plow).


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Auction announced as major damage

A wholesale auto auction has reported the vehicle as having major damage based on seller's disclosure and/or an inspection of the vehicle.


We recommend inspection of the vehicle and/or confirming vehicle's current condition with the seller.



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Auction announcement

The vehicle was sold at an auction and they announced a specific detail about the vehicle. We are partnered with certain auctions and display what they announce during the sale of the vehicle.


For example, ”auction announcement - accident repair” could mean this vehicle has been rebuilt from salvage.


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Auction announcement - salvage


The auction has announced the vehicle as being in a salvage condition - based on seller's disclosure and/or the most recently reported brand/title for the vehicle.



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Cancellation

Used to describe the cancellation of a vehicle’s insurance policy by the insured and/or the insurance company.


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Commercial

The renewal of a vehicle’s insurance policy. Some insurance companies use this term on the first time they insure a vehicle whose policy was transferred from another vehicle.


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