2007-05-03 06:25:17 · 7 answers · asked by reddrooster1 1 in Cars & Transportation ➔ Other - Cars & Transportation
dried out, shipped to another part of the country and sold as new vehicles
2007-05-03 06:36:51 · answer #1 · answered by skcs11 7 · 1⤊ 0⤋
Some of them scraped or made into parts cars. Stripped and sold the good remaining parts. Some are covered by insurance and sometimes the people let the insurance company have the car for a reasonable price for a car that is that badly damaged. Some people go down there and trailer off the cars that no one wants and take them to the scrap yard for the extra cash. Some companies buy them cheap and sell them slightly higher than they paid. (this can be a real cash maker) and some cars are actually left there and stripped of the tags and id's etc. so it will become the governments problem. With older collectible cars that couldnt be moved some people will cut the vin tags and trim tags and such and sell them on the internet with the original title. (this can also be a decent money maker)
2007-05-03 18:45:22 · answer #2 · answered by Jake 4 · 0⤊ 0⤋
My guess is that there are some that can be salvaged and others that are just sold off as junk... Those that are salvaged will have an explicit mention of the problem on the title. (Flood) Should you find this on a car's title or through CarFax, you should be able to negotiate a great deal on the price. A dealership should not try to sell you a car that has known issues like being involved in flooding or other acts of God.
2007-05-03 13:30:55 · answer #3 · answered by king.louis 2 · 0⤊ 0⤋
Different states have different laws. Car-Fax is not as great as it seems. If the repairs are not reported then car-fax does not get that information. Most of those cars will be resold in area like California, Arizona, and western states without the new owners ever knowing they were in a flood. It is legal but not ethical.
2007-05-03 13:36:58 · answer #4 · answered by wranger2112 2 · 0⤊ 0⤋
The current scam is that some of them are being dried and resold in the Northeast without the required info that they were in a flood.
Even for one that is cheap because of flood damage, once it is flooded the cost of replacing moldy upholstery, soggy headliners, soaked electronics, and rusted internal engine parts makes even a "negotiated good price" not worth it.
2007-05-03 13:37:28 · answer #5 · answered by Rich Z 7 · 0⤊ 0⤋
If yu are talking about dealer in stock units are generall auctioned off as salvage units. The titles are branded and the warranties blocked.
2007-05-03 13:35:59 · answer #6 · answered by Clint M 3 · 0⤊ 0⤋
Hopefully, the people who own them have insurance.
2007-05-03 13:29:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋