Flood Vehicles Showing Up For Sale, Carfax Warns
After weeks of heavy flooding in the Midwest, used car shoppers everywhere need to be on high alert as vehicles damaged by floodwaters may be sold - knowingly or unknowingly - by dealers or individuals.
A recent study by vehicle history leader Carfax shows that the number of flood cars discovered by their customers' reports has doubled nationwide in only five years. Thousands of waterlogged wrecks from Hurricane Katrina and Rita already have made their way back onto the market. The Virginia company also warns that ore are still showing up around the country.
Carfax continues to offer a free Carfax Flood Check to help consumers avoid unknowingly buying a flood-damaged car. Under the Carfax Buyback Guarantee, cars purchased with Carfax Vehicle History Reports that do not contain DMV-reported incidents (salvage, flood damage, lemon, odometer problems) may be eligible to be bought back by Carfax.
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