FAQs
Frequently Asked Questions
Below you will find answers to questions you may have about ASM and our vehicles.
Can an accident damaged vehicle be financed?
- A code 2 vehicle can be financed, once repaired.
- A code 3 vehicle cannot be financed.
Can you insure an accident-damaged vehicle?
- A code 2 can be insured at full retail value
- A code 3 can only be insured at 75% of the full retail value
E-NaTis Codes
The four life cycle status codes for a motor vehicle are:
Code 1 – New motor vehicles delivered by a dealer to the first owner.
Code 2 – A code 2 vehicle is a vehicle that has more than one owner, code 2 refers to the status of the vehicle.
Code 3 – A code 3 motor vehicle is a code 1 or 2 motor vehicle involved in an accident, and subsequently being declared unfit for use as a motor vehicle. Such motor vehicles may be rebuilt, however, the code 3 status will reflect on the allocation, the vehicle will have to undergo stringent procedures set out in the legislation. A motor vehicle that is “built-up or permanently unfit for use” when the extent of the damage includes structural defects that require substantial rebuilding.
Code 4 – A code 4 vehicle is permanently unfit for use on the road. This vehicle status will
be permanently demolished. This vehicle can only be used for spare parts.
Un-economical to repair/ When a vehicle is an Insurance write-off
A motor vehicle is uneconomical to repair when the cost of parts, availability of parts, repair duration and motor vehicle rental costs and other costs associated with the repair are high in relation to the value of the vehicle. The status of the motor vehicle will not be altered, therefore in the Insurer’s discretionary option, the motor vehicle is uneconomical to repair, but structurally sound.
Stolen and Recovered Motor vehicles
A stolen and recovered Motor vehicle that was not involved in an accident will have a life cycle status of used, if the status of the motor vehicle was new or used prior to the theft of the motor vehicle. If the status of the motor vehicle was built up or code 3 before the theft, it will retain this status. If a stolen and recovered vin number and engine number was tampered with, the SAPS will issue the vehicle with a new engine and vin number. These vehicles cannot be financed.