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Flood-damaged cars that are considered a total loss by an insurance company should be re-issued a "salvage" title. This means the vehicle has suffered extensive damage, typically making it unsafe ...
Title washing is where someone takes a vehicle with a salvage title due to flood damage in one state and then sells it in another state with different rules or criteria for what counts as a ...
Roughly 378,000 flood-damaged cars were on the road in 2021, according to CARFAX data, and the company warned in a mid-September press release that more may surface for sale on used car lots after ...
Mass. officials warn used car buyers to be cautious of flood-damaged vehicles from recent storms. Here are some things to look for.
The National Highway Traffic Safety Administration says it’s legal to resell flood-damaged cars if the defect is noted on the title, the vehicle has been rebuilt, and the vehicle has received a ...
Even once rebuilt and inspected, a branded vehicle must retain a permanent record of its traumatic past. Vehicle title branding is the use of a permanent designation on a vehicle's title, registration or permit documents to indicate that a vehicle has been written off due to collision, fire or flood damage or has been sold for scrap.
Inevitably, thousands and thousands of these cars will be resold to unsuspecting buyers, like the roughly 400,000 flood-damaged cars that Carfax estimates are currently on the road — mostly from ...
Once a flooded car is totaled, it's typically sold at auction to junkyards and for car parts. But that news isn't always passed on to potential buyers After Hurricane Helene, water-damaged ...
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