The term MOST-Likely used to refer to the price a junkyard will pay for a totaled vehicle is:
A) trade in value
B) flat rate
C) highest dollar
D) salvage value

Question

Quizplus · Accepted Answer

The term "salvage value" is most commonly used to refer to the price a junkyard will pay for a totaled vehicle, as it represents the estimated resale value of an asset at the end of its useful life, which in the context of a totaled vehicle, would be its value in parts or scrap.

The Term MOST-Likely Used to Refer to the Price a Junkyard