Article: Used Car Buyers Beware Of Flood Damage
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Used Car Buyers Beware Of Flood Damage
Hurricane Katrina and Rita brings new hazards to the used car market, not only in the Gulf States region affected by floodwater, but across the nation as well.
The risk of buying a vehicle with flood damage goes up significantly and along with high demand and low volume, it is likely the price will also increase for used cars in the affected market area.
While a vast majority of the vehicles will be considered a ?Total Loss? by insurance companies and scrapped, there are still thousands that will be back in the market place for resale purposes.
Wholesalers may purchase moderately damaged flood vehicles and sell at auctions across the country, leaving unsuspecting buyers at risk of purchasing a vehicle that has been damaged by the recent hurrican...
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