waters ruined autos flooding sales

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 respected reseller will tell you, obtaining the most effective vehicles is not only a matter of knowing what to physically appear for, it's also a matter of knowing how to spot title and ownership oddities. Lately, I have noticed a good number of wholesalers in possession of autos that had been originally sold in the Louisiana and Mississippi locations. For some cause, these vehicles had their titles transferred to wholesalers from states far away. Whilst this isn't totally uncommon, it does raise a red flag when you look into the current all-natural disasters that have occurred on the Gulf Coast.

Dealerships need to be conscious of the chance for unscrupulous parties to effectively "launder" the titles of these vehicles. As a result of Hurricane Katrina, a good number of vehicles had been most likely paid for through insurance claims against flood damage. These vehicles are obtaining their way back into the marketplace. Whilst there is nothing inherently incorrect with re-selling a designated flood damaged automobile, there is one thing entirely incorrect with reselling a flood damaged automobile under the guise of it not getting been damaged.

Becoming in the business, I have heard both sides of the argument. A large number of wholesalers will tell you that flood damaged vehicles are often appropriated by insurance suppliers as "totalled", when in reality they may have never been submerged in water at all. My answer to that is to say that any small business which values its shoppers and strives to sustain integrity and honesty would never sell a item they are unsure of. In other words, I'm not willing to take a likelihood with my small business and reputation at stake, nor am I willing to gamble with someone else's funds. That is precisely what selling a flood damaged automobile is: gambling with your shoppers funds.

Flood damaged vehicles can have corroded electrical systems that are primed for failure, unseen rust damage, and a selection of other problems that can surface at a later time. My tips to dealerships is to use just about every resource at their disposal to come across out the history of the automobiles they are purchasing and prevent flood damaged vehicles, unless you plan to sell them as such.

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