When we suffer from hurricanes, floods, hail, and tornadoes we inevitably get destroyed and damaged cars. Some of these are new cars owned by dealers that were flooded or damaged while parked. Others are used cars belonging to individuals or businesses. Many of these cars have been totally written off by insurance companies and are thus deemed salvage cars.
Buy repairable salvage cars at low prices
Storm damaged cars or flood damaged cars are often written off by insurance companies, as complete losses. But in fact they are invalid, since the cars legally do not exist any longer. But, since many of these cars are actually repairable and can be cleaned, it will be possible to make them useable and driveable again, albeit as salvage cars.
Flood damaged cars and salvage cars can at the same time be an opportunity for a bargain purchase but also can cause big problems. Restoring salvage cars may be a rewarding experience, or even can become a profitable business. However, if you're just in the market for a used car and not knowingly you bought a car with hidden damage, you'd be very disappointed.
Flood damaged cars and salvage cars can at the same time be an opportunity for a bargain purchase but also can cause big problems. Restoring salvage cars may be a rewarding experience, or even can become a profitable business. However, if you're just in the market for a used car and not knowingly you bought a car with hidden damage, you'd be very disappointed.
The opportunities
Serious natural weather events that damage and destroy cars, as terrible as it is, will also present an opportunities for people to pick up incredible bargains.
Assuming the seller is honest about the car being sold and the buyer is fully aware of what he is buying, some great deals can be found. Many of these vehicles are repairable at relatively small effort and can be made good as new without incurring huge expenditure.
Often, flood damaged cars, get written off for no reason other than that the insurance adjustor did not have time to go and inspect every vehicle in detail.
For instance, a new car dealer may have 200 cars to inspect that are damaged or flooded. The adjustor will more than likely not have time to check all the cars, but can estimate that at least 75% of them were seriously damaged and declares them all as total losses. This means that about 50 of these cars may have little damage or even no damage at all, and thus can be easily cleaned and resold as salvage title cars. Because the insurance company owns the cars, after all claims are paid, the company can sell the cars in auction.
Assuming the seller is honest about the car being sold and the buyer is fully aware of what he is buying, some great deals can be found. Many of these vehicles are repairable at relatively small effort and can be made good as new without incurring huge expenditure.
Often, flood damaged cars, get written off for no reason other than that the insurance adjustor did not have time to go and inspect every vehicle in detail.
For instance, a new car dealer may have 200 cars to inspect that are damaged or flooded. The adjustor will more than likely not have time to check all the cars, but can estimate that at least 75% of them were seriously damaged and declares them all as total losses. This means that about 50 of these cars may have little damage or even no damage at all, and thus can be easily cleaned and resold as salvage title cars. Because the insurance company owns the cars, after all claims are paid, the company can sell the cars in auction.
The main issues
After a major natural weather event such as those occurring in recent times, there began appearing thousands of used and new cars for sale all over the place. Some were offered as they were i.e. storm damaged or flooded cars at substantial price reduction. Others were repaired and cleaned where the seller is trying to mask the problems or the fact that the car is a salvage title.
Salvage cars are those that have been totaled or damaged, written off by insurance companies, which can then sell these cars to individuals or dealers who want to restore them. Many states stipulate that such vehicles have a "salvage" title. Other states allow a new "clean" title without a salvage title. Unscrupulous sellers can try to hide the salvage title by transporting the car to a state which does not require a salvage title.
If you are looking to purchase a used car, or even a new car, within a few months after a major natural weather distaster such as a flood, a hurricane, a tornado etc. you should take care when shopping.
It's amazing how quickly and easily storm damaged cars from Nebraska can show up for sale in Missouri without any indication that it may be concealing serious problems for new buyers. Thus, automotive consumers should be on the lookout for storm or flood damaged vehicles.
To be able to spot flood damaged vehicles, look out for signs of water damage under the hood, in the trunk, under the dashboard, and under the seats and carpets. Beware of musty smells, or attempts to cover such smells.
Salvage cars are those that have been totaled or damaged, written off by insurance companies, which can then sell these cars to individuals or dealers who want to restore them. Many states stipulate that such vehicles have a "salvage" title. Other states allow a new "clean" title without a salvage title. Unscrupulous sellers can try to hide the salvage title by transporting the car to a state which does not require a salvage title.
If you are looking to purchase a used car, or even a new car, within a few months after a major natural weather distaster such as a flood, a hurricane, a tornado etc. you should take care when shopping.
It's amazing how quickly and easily storm damaged cars from Nebraska can show up for sale in Missouri without any indication that it may be concealing serious problems for new buyers. Thus, automotive consumers should be on the lookout for storm or flood damaged vehicles.
To be able to spot flood damaged vehicles, look out for signs of water damage under the hood, in the trunk, under the dashboard, and under the seats and carpets. Beware of musty smells, or attempts to cover such smells.
Conclusion
If you go into buying storm damaged cars being properly informed and using appropriate caution, you can avoid serious mistakes and even find some terrific deals. Restoration and repair of damaged vehicles can be very useful and can save you a lot of money
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