Jump to content

Buying a car? Don't get stuck with a flood damaged used one!


Anonymous
 Share

Recommended Posts

Considering many of us reading this board have issues with their credit, and are likely to go to a "buy here pay here" place because others have flat out said "NO".

Most BHPH car dealers purchase cars from auctions, and some from insurance salvage sales, patch up the vehicles and flip them. A term in the auto dealer trade is "washing titles". A title that is declared salvage in one state could get traded around in various states and eventually the salvage branding disappears from the title.

The insurance industry has collaborated with the National Insurance Crime Bureau to create a database of vehicles which had claims for flood loss during the 2005 hurricane season.

NICB Web Site and Database

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.