123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL Automobiles >> View Article

Water Damaged Automobiles Flooding The Market

By Expert Author: Shiv Sadhawani

In my capacity as the owner of an import Car dealership, I am often amazed at the levels some wholesalers will go to in order to cover up damages to vehicles. As any reputable reseller will tell you, finding the best vehicles is not only a matter of knowing what to physically look for, it's also a matter of knowing how to spot title and ownership oddities. Lately, I have noticed many wholesalers in possession of autos that were originally sold in the Louisiana and Mississippi areas. For some reason, these vehicles had their titles transferred to wholesalers from states far away. While this isn't completely uncommon, it does raise a red flag when you consider the recent natural disasters that have occurred on the Gulf Coast.

Dealerships need to be aware of the opportunity for unscrupulous parties to effectively "launder" the titles of these vehicles. As a result of Hurricane Katrina, many vehicles were likely paid for via insurance claims against flood damage. These vehicles are finding their way back into the market. While there is nothing inherently wrong with re-selling a designated flood damaged vehicle, there is something entirely wrong with reselling a flood damaged vehicle under the guise of it not having been damaged.

Being in the industry, I have heard both sides of the argument. Many wholesalers will tell you that flood damaged vehicles are often appropriated by insurance companies as "totalled", when in fact they may have never been submerged in water at all. My answer to that is to say that any business which values its customers and strives to maintain integrity and honesty would never sell a product they are unsure of. In other words, I'm not willing to take a chance with my business and reputation at stake, nor am I willing to gamble with someone else's money. That's exactly what selling a flood damaged automobile is: gambling with your customers money.

Flood damaged vehicles can have corroded electrical systems that are primed for failure, unseen rust damage, and a variety of other problems that can surface at a later time. My advice to dealerships is to use every resource at their disposal to find out the history of the cars they are purchasing and avoid flood damaged vehicles, unless you plan to sell them as such.

Kia Forte Sugarland

Kia Rio Sugarland

Kia Soul Sugarland

Shiv Sadhawani

Total Views : 56Word Count Appx. : 398See All articles From Author

Automobiles Articles

1. Spring Car Care Tips Your Car Maintenance Checklist!
Author: Paul Zervos

2. 5 Storage Hacks Things You Can Try To Get A Higher Resale Value For Your Rv
Author: James Brown

3. Best Way To Finance Your Car Purchase
Author: NealWeaver55

4. Instructions To Be Kept In Mind While Joining A Driving School
Author: John Dolphin

5. Learning Driving Become Easier Than Ever With Virtual Training
Author: John Dolphin

6. Novelty Helmets Add More Fizz To Your Style Quotient
Author: Dickens Ben

7. Ways To Buy Quality Used Cars Below Market Price
Author: NealWeaver55

8. Simple Tips To Get The Perfect Shop For Automotive Repair Ontario
Author: Marco Ortis

9. Bentley Arnage Vs Morris Minor: Which Wedding Car To Choose For Your Ceremony?
Author: shilpa sharma

10. Dies Sind Im Grunde Die Perfekte Hochzeit Schuhe
Author: mekleid

11. Buying The Harley Davidson Starters Online
Author: GLF

12. Top Tips To Help You Find A Good Garage
Author: Summit Garage

13. Buy The Harley Starter Drives Online!
Author: GLF

14. 7 Things You Should Know Before Purchasing A Used Car
Author: NealWeaver

15. Effective Ways To Rustproof Your Car And Its Need
Author: Efrain Rivas

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: