I am looking at a few bikes on some auction sites, and was wondering if someone can someone please clarify what is meant by "Statutory Writeoff"?
Does this means the bike is well-and-truly fucked (i.e. Frame Damage) and would be for parts only?
What is the difference between "Repairable Writeoff" and "Economic Writeoff"? I thought this was the same thing....
FYI: The site I am browsing through is http://www.pickles.com.au