TV said one insurance Co alone will have over 30,000 cars to dispose of from Houston. Seems like if the east coast gets hit too, there will be a boatload of flood cars on the market in about a month. Does anyone deal in these things?
flood cars
- Thread starter 598
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Dealer the town over from me only bought Katrina cars and the place was hands down the worst place you could buy a car from. This event will definitely test buyers knowledge
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I only see that being a temporary bump in prices though, right? Should be a good few months for you.
I've been shopping F150s and when I see 2015 F150 XLT 4x4 301a's listed at 25k with 30k miles I automatically think flood damage. eBay high volume dealer out of Texas.
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Sounds like it.
I always seem to sell cars at the worst moment lol.
I'd bet it's a fairly long term thing. Not nearly as bad as the "Cash for Clunkers" debacle, but it will be similar.
Eh, an RS isn't your typical used car. I wouldn't let it bother you too much.
Thought flood cars were techically supposed to be destroyed. I know the reality is many will end up back on the market. I would definitely do public data searches on the vin to find previous owner and attemp to contact if buying from a used car dealer. I would imagine auto check/car fax would be fairly reliable in checking status, but I would not rely on that alone. There was an estimate that 500K cars were flooded in the houston area, it's scary to think many could end up back on the road.
One way to check is to look on top of flat surfaces for silt/dirt that wouldn't regularly be there. Best to look inside the car like up under the dash/pedal assy where they wouldn't have pressure washed it off.
If the water doesn't get too high, what would it hurt to get one if its fresh water, as opposed to salt water, at a big discount. I drive my cars into the ground, so a salvage title wouldn't hurt much.
Most newer cars are all computers so if they get submerged they will never be the same again. The turn signal will roll down the window.
If mold had time to form and spread, highly likely, you will have to gut the interior and treat. Fly by nights try and mask it and the unlucky buyer wonders why their car stinks a month after purchase.
^^Case by case basis. Carfax IS NOT always accurate.
Any car that an insurance company writes off as flooded is a "Katrina" car. Its title will show "Salvage NON-Repairable". Cant drive them on public roads. They are all race cars now! Act of Congress to protect consumers from buying junk cars. I lost a 04 cobra to slight water intrusion in 06 when a levee broke in N. California. Only 1/2 inch of water soaked the floor boards. Condensation was observed on the windows and dash by the insurance company, they totaled it. After buying a “salvaged” car from my insurance company, title arrived as Salvaged, more importantly second part of that was “NON-repairable”. They failed to mention that part, and I didn’t know to ask.
That's an important piece of information
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