‘Fixed up’ cars from hurricanes flooding used car market

‘Fixed up’ cars from hurricanes flooding used car market


>>TWO MONTHS AFTER HURRICANE HIT OUR AREA YOU COULD BE HIT WITH ANOTHER DISASTER. EXPERTS WARN THE USED CAR MARKET COULD BE FLOODED WITH FLOOD DAMAGED CARS.>>ACCORDING TO THE NATIONAL INSURANCE CRIME BUREAU, FLORIDA DRIVERS FILED 215,000 CLAIMS THAT THEIR VEHICLE WERE HIS DAMAGED FROM HURRICANE IRMA. IN TEXAS IT’S EVEN WORSE. MORE THAN 4 22,000 INSURED VEHICLE WERE HIS DAMAGED BY HURRICANE HARVEY’S FLOODWATERS. IF YOU INCLUDE THE NUMBER OF CARS THAT WERE NOT INSURED, CARS THAT WERE NOT INSURED, THAT NUMBER COULD BE AROUND 1 MILLION. THOSE RUINED CARS ARE POPPING UP FOR SALE ON LINE AT USED CAR LOTS AND EACH ONE COULD BE A TICKING TIME BOMB. VIC SHOWS US WHY IT’S SO DANGEROUS AND HOW YOU CAN PROTECT YOURSELF.>>IT MUST HAVE GOT UP AROUND ALONG HERE.>>Reporter: SHE NEVER THOUGHT IT WOULD BE THIS BAD. HAVE YOU EVER BEEN THROUGH ANYTHING LIKE THIS IN YOUR LIF ANYTHING LIKE THIS IN YOUR LIFE.>>NO. NO. NO THIS IS THE WORST.>>Reporter: SHE AND HER FAMILY BUILT THIS HOME ON BLACK CREEK BY HAND. THEY BUILT IT HIGH.>>THEN IT CAME UP CAME IN THE HOUSE HERE.>>Reporter: FLOODWATER AT 14 FEET AND HER HOUSE NO MATCH.>>I STILL CAN’T GET USED TO IT. TEARS YOU UP.>>Reporter: NOW LIVING IN A TRAILER AND TO MAKE MATTERS WORSE 3 OF THE CARS FLOODED.>>SEE THE COMPARTMENT. THEY RAISE UP AND GO DOWN THERE DEEM. WAY DOWN THERE. BOTH FULL OF WATER.>>Reporter: THEY ARE NOT ALON>>Reporter: THEY ARE NOT ALONE.>>CAME UP ALL THE WAY TO THE THRESHOLD AND INSIDE THE DOOR AND RUINED ALL THE AREA IN THE FIRE THERE.>>Reporter: IN ORANGE PARK, BILL’S HOME ALSO FLOODED AS DID HIS SUV.>>SUV THAT WAS IN THERE THE FORERUNNER THEY DECLARED TOTAL BECAUSE OF THE MOLD GROWING AND EVERYTHING IN THERE.>>Reporter: SO MANY PEOPLE IN OUR AREA LOST THEIR VEHICLES. NEVER TO DRIVE AGAIN BECAUSE OF WATER DAMAGE OR SO THEY THOUGH WATER DAMAGE OR SO THEY THOUGHT. INSURANCE EXPERTS SOUNDING THE ALARM FOR ANY ONE IN THE MARKET FOR A USED CAR. WARNING BUYERS THAT SCAMMERS ARE TRYING TO TAKE ADVANTAGE OF THE SITUATION. TOO OFTEN FLOOD DAMAGED CAR DECLARED TOTAL LOSS BY INSHURNTS COMPANY THE INFORMATION ISN’T COMMUNICATEED TO POTENTIAL BUYERS.>>Reporter: WHEN A CAR IS TOTAL FROM FLOODWATER IT LOSE ITS TITLE AND ILLEGAL TO BE SOLD FOR ANYTHING BUT PARTS. BUT CON ARTIST ARE BUYING THE CARS TRYING TO MAKE A QUICK BUCK AND TARGETING UNSUSPECTING BUYERS, SELLING THE VEHICLES AS IF THEY WERE NEVER WET.>>FIRST THING YOU WANT TO DO IS COME OVER TO THE FRONT OF THE CAR. INHALE AND SEE IF THERE’S ANY KIND OF MOLDY SMELL. WALK AWAY FROM THE CAR IF YOU HAVE.>>Reporter: CONSUMER REPORTE>>Reporter: CONSUMER REPORTEDTOR SAYS IF A CAR HAS MOISTURE IN THE DASH OR HEAD RIGHTS LOOK, THAT TOO IS A BAD SIGN. AND IF THERE’S MUD OR RUST ANYWHERE ON THE VEHICLE YOU WANT TO STAY AWAY. BUT THE SCAMMERS ARE SMART. THEY CAP GET A CLEAN TITLE FROM ANOTHER STATE AND THEN SELL IT TO YOU WITH NO WARNING. CAR FABINGTS SHOWS US HOW EASY IT CAN BE TO TAKE UNSUSPECTING BUYERS TO THE CLEANERS. THEY TOOK THIS FLOOD DANIELED CAR TO THE WASH. IT LOOKS RUINED. FILLED WITH MUD. BUT AFTER A FEW HOURS THEY HAD IT LOOKING LIKE NEW. THAT’S THE BAD NEWS. EVEN THOUGH A CAR MIGHT COME OFF AS NEW, IT COULD BE A TICKING TIME BACH BOMB ON THE INSIDE. PUTTING YOUR FAMILY AT RISK.>>YOU WILL EVIDENT THIS JUST LIKE THIS WITHOUT REPAIRING THIS IT IS DEFINITELY A FIRE HAZARD.>>Reporter: MECHANIC SAY THE AIR BAG MIGHT NOT CAUSE ALL KINDS OF PROBLEMS AND THE BRAKE MIGHT NOT WORK.>>WHAT CAN HAPPEN IS IN THE LONG-TERM EFFECT IS THIS WHEEL CAN LOUNGE.>>Reporter: WHAT DO YOU DO. DEMAND THE CAR FAX OR ANY OTHER VEHICLE HISTORY REPORT. THAT WILL HELP YOU SPOT RED FLAG RED FLAGS. YOU CAN ALSO PUNCH A VEHICLE’S VIN NUMBER INTO THE NATIONAL INSURANCE CRIME BUREAU DATABASE FOR FREE. BUT THOSE WON’T WORK IF THE CAR OWNER OR INSURANCE COMPANY DID NOT REPORT THE DANIEL. SO BEFORE YOU BUY, EXPERTS SAY TAKE IT TO A TRUSTED MECHANIC. IT MIGHT COST YOU SOME MONEY UP FRONT BUT IT COULD SAVE YOU IN THE LONG RUN.

About the Author: Michael Flood

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