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Old 10-02-2009, 06:23 PM   #1
slemmer
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Flood cars?

Didn't think cars written off as flood cars could be bought and resold and fit vehicles. Send an email to a 3rd party dealer and got this response:


Thank you for your interest in our 2005 BMW 330Ci. This car is in excellent condition. There is no history of accidents or signs of paintwork. We can ship world wide. This vehicle was a low fresh water flood vehicle and was paid in a claim. Our dealership has been specializing in buying and selling these types of vehicles for the last 24 years. We buy the ones that need very little. We call them floor floods even though they have very little wrong with them. They are bought running and driving. if water has come into the floor, we take the carpets out and do everything necessary. There is very little on the floor of the car so it is easy for our technician to go through them so they never have problems in the future. There are 3 main reasons the insurance companies pay out on a vehicle with practically no damage: 1. In order to escape potential liability in something that is invisible. (Attorneys know insurance companies have deep pockets) 2. To avoid nuisance (giving the vehicle to a dealer with an open checkbook and invisible damage) Some dealers may take advantage of this situation. 3. If the car is running and driving like this one, and there is no signs of damage, dealers like us will bit the car to a very high number and the insurance companies recoup most of what was paid out in the claim. If you think you may be interested, please call me for specifics on this car.
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Old 10-02-2009, 06:57 PM   #2
Eurostyle
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It all depends on your deffinition of "written off" and where it comes from. In Ontario all water damage cars are irreparable and can NOT be used on the road. If the car comes from a state where it can have a clean title after water damage, then it's posible, unless they find out...
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Old 10-03-2009, 12:04 PM   #3
Darkness95m3
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Never buy a "Flood Damage Vehicle" There is too many potential problems in the future when it comes to electrical.
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