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2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) - Autos - Nairaland

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2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by inspiredm(m): 2:53am On Oct 07, 2008
This Car was branded a Salvaged title Because it was Repossessed.

Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.

When a repossession occurs a vehicle owner fails to make loan payments, and the financial institution holding the title takes possession of the vehicle.

However, following my close scrutiny of all components on the vehicle, it has qualified for the customary 6 months Warranty issued on most of our vehicles.

2002 Honda Accord EX,

Mileage is 124,000 miles

Leather Interior

Automatic Transmission

4 Cylinder Vtec Engine

Audio Steering Controls

6 CD
Changer

Alloy Wheels

Side Body Molding, Factory Laminated Windows

Sun roof

Cruise Control

Driver, Passenger, Side Airbags

Power Window, Mirrors, Power Seats

Lots more

Price is 1.650m

Interested ? Call 08023050886 or email via inspired_men@yahoo.com

You have an Option of Financing this Vehicle, Spreading Payments across 720 days, For more details check

https://www.nairaland.com/nigeria/topic-175035.0.html#msg2861138

Re: 2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by inspiredm(m): 3:06am On Oct 07, 2008
Price is 1.650m

Interested ? Call 08023050886 or email via inspired_men@yahoo.com

You have an Option of Financing this Vehicle, Spreading Payments across 720 days, For more details check


https://www.nairaland.com/nigeria/topic-175035.0.html#msg2861138

Re: 2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by egin(m): 3:41am On Oct 07, 2008
inspired_m:

[color=#000099]This Car was branded a Salvaged title Because it was Repossessed.

Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.

Click on the link below for a detailed explanation of a salvage title.

http://en.wikipedia.org/wiki/Salvage_title






Re: 2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by inspiredm(m): 3:49am On Oct 07, 2008
There is no specific formula in most states that specifies when a vehicle is deemed salvage; this is typically decided on a case by case basis.

Often a vehicle is still safely driveable even if ''technically'' considered a total loss by an insurance company,

Carfax, sell title reports to prospective car buyers which, among other things, reveals these title statuses. The information, however, might be far from being complete because of the inability for these companies to check accident records in 23 states

culled from http://en.wikipedia.org/wiki/Salvage_title



cool cool
Re: 2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by arnold2g3(m): 3:52am On Oct 07, 2008
;d
Re: 2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by inspiredm(m): 6:52am On Oct 07, 2008
Price is 1.650m

Interested ? Call 08023050886 or email via inspired_men@yahoo.com

You have an Option of Financing this Vehicle, Spreading Payments across 720 days, For more details check


https://www.nairaland.com/nigeria/topic-175035.0.html#msg2861138

Re: 2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by Fhemmmy: 12:28pm On Oct 07, 2008
Inspired, i am not sure if i agree with that explanation of yours.
A repossession is repossession and a salvage is a salvage.
A repossession will only be a salvage if the the vehicle was damaged while being repossessed.
I stand to be corrected
Re: 2002 Honda Accord Ex ( Arguably The Cleanest In Lagos Now ) by inspiredm(m): 6:14pm On Oct 08, 2008
[size=15pt]SOLD

SOLD

SOLD

TODAY 8th OCTOBER 2008 TO A PASSERBY.

THANKS,
[/size]

cool cool

Fhemmmy:

Inspired, i am not sure if i agree with that explanation of yours.
A repossession is repossession and a salvage is a salvage.
A repossession will only be a salvage if the the vehicle was damaged while being repossessed.
I stand to be corrected

As regards the issue with Salvaged & Reposession, I will make a thorough Research and get back to you possibly with links to back it up.

Thanks Bro
cool cool

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