With the cost of used vehicles up nearly 40% since 2019, Glawe said, selling flooded-out cars is incredibly profitable and, therefore, an attractive scheme for crooks.
He noted, "The market's good, and this is just another opportunity for criminal enterprises to pay for these vehicles in Florida that have been lost and then ship them up and resell them in other states." A man walks through a flooded street in the Orlovista neighborhood following Hurricane Ian on Oct. 1, 2022, in Orlando, Florida.when shopping for used vehicles by checking for signs of water damage on vehicle carpeting, upholstery or seat belts. Other red flags are rusty screws or other metal parts, mud or signs of submergence in the engine compartment or under the dashboard, and any problems with the operation of electrical components.
The most important thing a buyer should do is enter a car's vehicle identification number into the NICB's VINCheck database to investigate whether a car was declared as salvage or a "total loss" from flooding. But there will only be a record if a claim was turned in to an insurance company.
"We're not at the level of Katrina," he said, "but this will be the largest event, I believe, in Florida history."
Source: Car News Wire (carnewswire.net)
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