They're baaack! Storm damaged cars return
Scam artists are trying to unload vehicles damaged by Gulf Coast hurricanes in auctions elsewhere.


NEW YORK (CNNMoney.com) - Call it "Return of the Soggy Sedan" or "The Night of Waterlogged Wheels", but unlike a zombie flick, the horror of flooded vehicles returning to the used car market seems to be very real.

Over four months after hurricanes Katrina and Rita struck the Gulf Coast, scam artists are already trying to pawn off flooded vehicles as your standard secondhand car, according to industry experts.

RESEARCH A CAR
Get invoice and market prices, specs, reviews and photos
• Sport • Sedans
• SUVs • Luxury
-
GET A QUOTE
-
RESEARCH A USED CAR
Get used car pricing, reviews, ratings, and more.

"Consumers need to be aware that these cars will be hitting the market," said Chris Basso, a spokesperson for Carfax, a vehicle history tracking firm. "They could pop up anywhere."

Recently, swindlers tried to pawn off 14 flood-damaged cars at an auto auction in the Los Angeles, Carfax said.

And with the National Auto Dealers Association estimating that over 571,000 vehicles were damaged from Hurricane Katrina alone, similarly damaged goods are expected to start popping up in regions of the country where buyers aren't used to looking for flood damage.

While cleaning up flood-damaged cars and reselling them is by no means a new scam -- damaged cars were unloaded after Hurricane Ivan in 2004 and Hurricane Floyd in 1999 -- Basso said that in most cases hucksters will buy vehicles that should have been scrapped or sold for parts, cleaning them up and shipping them to another part of the country where they can alter the title and pass them off to unsuspecting buyers.

Such cars may look fine at first glance, but in many cases the safety and electronic systems can be compromised.

To avoid buying one of these nightmares, Carfax recommends looking for standing water in the spare tire wheel well or rust around the engine compartment as well as having a mechanic look it over and, of course, ordering a report of the vehicle's history. That can let you know if the car was titled as "salvage" in another state, even though the current title may not indicate that.

For more tips on how to make sure you aren't buying a water damaged car, click here.

____________

Ford bans competitors from parking lot -- Click hereTop of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.