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Flood damaged cars Legal Problems

26 messages,  Last post on Aug 01, 2007 at 5:37 AM

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What is this discussion about? Car Safety, Buying Insurance

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#17 of 26 by Mr_Shiftright HOST Oct 09, 2001 (7:03 am)
I wonder how they laundered the titles. Some states allow you to do this, to re-register an out of state car with a salvage title and get a "clean" title.   So if you run a CARFAX and see that your potential purchase made a mysterious trip to New Hampshire or Alabama, you'd best watch out.
#18 of 26 Flood damaged trade in by dmdixo00 Oct 29, 2001 (4:01 pm)
How much should a flood damage claim lower the value of my trade-in.
#19 of 26 Flood damaged vehicles by KarenS HOST Jul 24, 2006 (8:44 am)
Due to the massive flooding and recent hurricanes, this topic has been revived.
#20 of 26 Salvage by tkfitz Aug 13, 2006 (4:05 am)
is salvage. Flood damage is hidden and long term. It is almost impossible to get a loan on one, and insurance companies are very reluctant to be involved with one. This should set the value on the vehicle....that said there are quite a few dealers near me that offer these cars. I have looked at a few interesting vehicles but never been able to get the dealers to bite at an offer I made. 50% of wholesale value value really ought to be the absolute top value for such a car. The fact they are going for more clearly shows that some sort of underhand title laundering must be going on. If a car is titled in Mass. and then moved over to NH and back a couple of times the title often comes back clean. I would never buy a luxury car at any small used car dealership near the Boston area. Replies to this message: lemko (Aug 14, 2006 4:53 am) cadillacmike (Aug 16, 2006 7:26 am)
#21 of 26 Re: Salvage [tkfitz] by lemko Aug 14, 2006 (4:53 am)
Replying to: tkfitz (Aug 13, 2006 4:05 am) Many years ago several car dealerships were flooded in the Wilkes-Barre area. I remember seeing pictures of junkyards full of new 1972 Cadillacs, Chevrolets, Chryslers, and Plymouths. Another set of pictures showed a hydraulic crushing machine smashing a new Coupe DeVille with stacks of flattened cars nearby. This is probably the best approach toward flood-damaged cars. Replies to this message: cadillacmike (Aug 16, 2006 7:26 am)
#22 of 26 Re: Salvage [lemko] by cadillacmike Aug 16, 2006 (7:26 am)
Replying to: lemko (Aug 14, 2006 4:53 am) Crushing a Cadillac is never a good thing!   I had to drive through some very high water in Miami one time, 4 years ago - no ill effects so far...">
#23 of 26 Stop it before it starts by atlvibe Aug 20, 2006 (6:30 am)
Flood, theft, severe collision etc...any time a vehicle is bought back by an insurance carrier that car should be dismantled. That would stop the problem. Flood damage cars are a perfect example. Sooner or later someone gets deceived. This stop the issue. Replies to this message: p100 (Aug 20, 2006 3:57 pm)
#24 of 26 Re: Stop it before it starts [atlvibe] by p100 Aug 20, 2006 (3:57 pm)
Replying to: atlvibe (Aug 20, 2006 6:30 am) Agree, and if the damage is minimal, then they could dismantle the vehicles and sell good body panels, bumpers, etc at good discounted prices to individuals who are interested.
#25 of 26 recent carfax experience by ericq Aug 27, 2006 (6:31 am)
I researched all 4 of my cars this last week. I bring this subject up because of what Carfax did not have about my 2001 Taurus. It was totalled in a one car accident on May 25 2004. The state cops were there and cited my daughter(police report). The fire department put out the fire that completely gutted the car. I took the car off my property tax roles and went to DMV with copy of police report. I got compensated by the insurance company. Everybody knows about this accident of 2 years ago EXCEPT Carfax. They think I still have it. They don't reflect the rear ender on my daughter's pick up either. That was in Jan 2005. Again a police report and insurance payout. Hm.
#26 of 26 press request by kirstie_h HOST Aug 01, 2007 (5:37 am)
A reporter would like to talk to owners who have purchased a car that was found to be flooded by Hurricane Katrina or another recent hurricane. Please respond to jfallonedmunds.com no later than August 6, 2007 with your daytime contact information.

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