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Oct 30, 2008 -- New flood cars to deluge the market
RIP-OFF ALERT: In the wake of this season's hurricanes, you can expect to see flood cars deluging the auto market, according to Money magazine.
Here's the bottom-line: Dishonest people take flood vehicles into certain states where they can "wash" a car's title. That action removes any evidence that the vehicle was ever in a flood. Cars with "washed" titles can then be sold to any dealership across the country that either doesn't know or doesn't care that they're buying a flood vehicle.
To the naked eye, there's no telling that anything is amiss. But you'll know you've got a flood car when you encounter failed electrical systems throughout the vehicle.
So what can you do to protect yourself? Have any potential used auto purchase carefully vetted by a mechanic of your choosing. Know that most car dealers are honest, but it never hurts to be safe. Get it inspected by a mechanic as a condition of purchase.
Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.
Please be careful of not buying cars with hail damage! I just got rip-off by a Kia Dealer in Georgia (KMofG). Don't trust the carfax report and make sure that you check the vehicle in detail before you buy anything.
Craigslist
also on craigslist be careful of buying a car when you have to pay through paypal or some third party; always so story of divirce, being shipped overseas etc;
flood cars
Check the city where the car originated from and use good common sense.
carfax reports
the other comment, is correct about car fax........don't trust carfax..its way too easy to get by carfax...hire a mechanic to check out the vehicle.
More on-line sales companies are charging sales tax. What can we do to stop this nonsense??
what states to watch out for?
if this is true, what states should we watch out for when buying a vehicle?
New cars affected ?
Are there cases of new cars showing up that have flood damage, or do the car companies have "strict" policies that are put in place to prevent any flood damaged new cars from making it to the market? (If you have info, please elaborate!)
CARFAX
Don't trust a CARFAX report !!!!!!!!! They make you believe they are protecting against getting a wrecked of flooded car, THEY DON"T.....It is a waste of money!!! The scam artists have found ways to "Cleanse" the title and a CARFAX report will only convince you that you are buying a "1-Owner" Creampuff when in fact its a lemon. Only trust a mechanic or body shop you hire to inspect the vehicle !!!! Read epinions for horror stories. DO NOT TRUST A CAR FAX REPORT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!