Buyer Beware: Flood-Damaged Cars Are Coming

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Don’t get suckered…

Thanks to the massive flooding caused by Hurricanes Ida and Nicholas, a wave of flood-damaged cars will be hitting the market, with some undoubtedly already posted on Craigslist, Facebook Marketplace, etc. This is always a concern after widespread flooding, but what’s different this time is the unquenchable demand for used cars, thanks in large part to the chip shortage holding up new car production. Scammers see opportunity in the two crises, which is bad news for anyone looking to buy a used vehicle.

Flood-damaged cars can have problems for years afterward. Once water gets into every nook and cranny, it can cause problems from electrical shortages to corrosion in the body. Correcting the issues of a vehicle which has been submerged in water is possible, but it might be cost preventative. To make shoppers less suspicious, scammers will often price flood-damaged vehicles for well under market value, if the car were in good condition. You should automatically be suspicious of a deal which seems too good to be true.