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Could mean a couple different things. It might be referring to the vehicle's finish (paint), but, in automotive terms, strip usually refers to removing resellable/salvageable parts from the vehicle, essentially leaving only the chassis and perhaps body. This is commonly done in salvage yards with wrecked vehicles, and also in illegal chop shops, which strip down stolen cars to remove individual parts for resale.

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Q: What does strip car mean?
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