Buyer Beware: Flooded Cars Flood the Market

12 Sep 2011 4:32 PM | Anonymous
Recent storms have given used car buyers nationwide a new reason to be cautious. Vehicles damaged by floodwaters undefined as seen recently on the East Coast with hurricanes Irene and Lee, and earlier this year with record rains along the Mississippi undefined often turn up for sale within weeks. It’s not just a local problem either. Unscrupulous middlemen may knowingly buy the damaged cars from consumers or insurers and move them to other states to find unsuspecting buyers, warns Phil Reed, consumer advice editor for Edmunds.com.
Source: The Wall Street Journal

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