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Hurricane Ian damaged 358,000 vehicles. How to avoid buying one (cnbc.com)
If you’re planning to shop for a used car in the next few months, be sure to check for flood damage before signing on the dotted line.
In the wake of widespread flooding across Florida, North Carolina and South Carolina last month due to Hurricane Ian, vehicle history report website Carfax now estimates that up to 358,000 autos were damaged by floodwaters. Some of these vehicles will end up being resold, as an estimated 400,000 water-damaged cars are currently on the road from past flooding events.
“Floodwaters cause all sorts of hidden damage, which can surface months later,” said Teresa Murray, consumer watchdog with the U.S. Public Interest Research Group Education Fund.
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“You don’t want anything to do with a flooded vehicle, no matter whether the damage is disclosed and no matter what assurances you get from a seller,” Murray said.
Floodwaters can destroy — sometimes slowly — electronics, lubricants and mechanical systems in vehicles. Corrosion can eventually find its way to the car’s vital electronics, including airbag controllers.
“The bottom line on these flood-damaged vehicles is they are literally rotting from the inside out,” said Emilie Voss, spokesperson for Carfax.
“They might look fine cosmetically, but there can be mechanical, electrical, safety and health issues that will show up down the road,” Voss said.
Buyers should research a used car’s vehicle history report to make sure they know what they are buying, regardless of when or where they make the purchase, because flooded cars often end up for sale in places far from where they originally were damaged.
Through services like Carfax or the National Insurance Crime Bureau’s VINCheck, you can input a car’s vehicle identification number, or VIN, and see if there’s anything in its history that’s a red flag. However, those efforts alone may not be conclusive.
That’s because not all flooded cars are recorded as such unless an insurance company is involved. When an insurer receives a claim and the vehicle is totaled — meaning the repairs would cost more than the car’s worth — the car’s title generally is changed to reflect its status.
Those ruined cars are typically sold at salvage auctions to junkyards and vehicle rebuilders. Reselling them to consumers can get on the right side of the law if the title discloses the flood damage.
But not all car owners file an insurance claim. If they don’t have comprehensive coverage — the part of car insurance that flooding would fall under — they’re generally out of luck when it comes to coverage. So, with no insurance company involvement there may not be any official record of the flood damage.
“If you suspect a vehicle may have sustained flood damage, move on,” Murray said.
There are things you can look for in a used vehicle for that could suggest flood damage, according to Carfax:
Indianapolis, Indiana-Pick a Part Indianapolis will pay you cash for your junk car or your junk truck. We also offer free towing around the Indianapolis and surrounding areas. Feel free to give us a call at (317) 499-5062 for a free quote on your junk car or visit our website at http://pickapartindianapolis.com for a free estimate on what we will pay for your junker.
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