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To extract, FLAG the thing you want to extract and press Export button above. So you can open up separate part of the mesh and extract them one by one in a folder of your choice.
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Also sh*t to edit in your 3d editor, but for now good to look upon. The model marked is fused together: no openable doors, no things falling off. The lower ones are supposed to be displayed in the far, so the game won't turn into lagfest.
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Open your vehicles.img, it must be somewhere in gtaIV/pc/models/cdimages.
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