March 25, 2023

Supply chain issues have led to a surge in the market for used cars.  But buyer beware:  don’t be tricked into buying a spruced-up water-damaged vehicle. The company CARFAX estimates about 358,000 vehicles were damaged during Hurricane Ian, and if the past is any indication, they say a significant portion of those will end up […]

The post Buyer Beware: Flood-Damaged Used Cars From Hurricane Ian Could Flood the Market appeared first on Auto Loan News.

Provide chain problems have resulted in a surge within the marketplace for used automobiles.  However purchaser beware:  don’t be tricked into purchasing a spruced-up water-damaged car.

The corporate CARFAX estimates about 358,000 automobiles have been broken throughout Typhoon Ian, and if the previous is any indication, they are saying a good portion of the ones will finally end up again at the highway.

Carfax informed NBC10 Boston, there are already about 6,500 broken automobiles at the highway right here in Massachusetts. That’s up 14% from final 12 months. And whilst the vast majority of those automobiles finally end up in puts like Florida and Texas which are nearer to the floods, all of us wish to watch out.  

“We all know that con males are savvy,” stated Emilie Voss, public family members director at CARFAX.  “They’re getting those automobiles they usually’re shifting them. In order that they’re taking automobiles after an match like a storm and cleansing them up after which reselling them to unsuspecting consumers in puts like Massachusetts.”

Attainable issues of flooded automobiles

They will glance nice or even power nice the day that you just purchase them, however they’re actually rotting from the interior out and they are going to have issues down the street,” Voss defined.

A number of the doable issues:  corrosion, rust and mildew.

“No longer most effective can there be mould rising within the upholstery, however there can also be micro organism within the air flow gadget,” Voss stated. “Issues that you’ll’t see, however that may affect your well being.”  

There can also be critical issues of electronics that received’t be glaring till there’s a emergency. She cited airbags that would possibly no longer deploy for instance.

3 steps you’ll take to give protection to your self from purchasing a flood-damaged automotive

  1. TAKE A TEST DRIVE:  Sooner than you hit the street, remember to sniff the inner.  A nasty or musty scent is a crimson flag.  However the smell of a perfect sturdy air freshener may well be a sign of an effort to hide up an issue.  Peel again the ground mats and carpet to seek for moisture, mould and mold.  Whilst you pop the hood, test the uncovered steel for indicators of rust.
  2. GET A VEHICLE HISTORY REPORT. It prices between $10 to $40.  Search for the phrases flood, salvage or rebuild.  The ones phrases point out {that a} automotive must had been junked, no longer re-sold. However there are some dangerous actors in the market who can wash a automotive’s titles blank of the ones flood or salvage stamps.  And that brings us to step 3.
  3. GET AN IN-PERSON INSPECTION   In step with Voss, The most productive you’ll do to give protection to your self is to get an in-person inspection. Educated eyes will see issues you may no longer. Voss stated the going price for a used automotive inspection is set $100. And be mindful: if a automotive broker received’t assist you to deliver your individual mechanic to check out a car, that’s an indication you must be buying groceries somewhere else.

For more info you’ll take a look at the CARFAX Flood Test instrument at

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Writer: Henry Powell