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Total Loss Network / Glossary
Comparable vehicles
Vehicles used as market evidence because they share meaningful characteristics with the vehicle being valued. An advertised listing is not necessarily a completed sale.
Why the term matters
Track unique VINs, equipment, mileage, dates, title status and price basis. Differences should be identified and addressed instead of hidden behind an average.
A question to ask
“Where does this term appear in my report or policy, and how does it affect this specific calculation or next step?” Ask for a written explanation tied to the document.
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