Eleven Floods Deluge Used Car Market With Tens of Thousands of Damaged Flood Vehicles: Experts Offer Tips to Avoid Buying Flood-Damaged Cars
According to the
Experts from a leading pre-insurance auto inspection company note that two simple tips can protect consumers from significant issues down the road. While misrepresenting a flood-damaged vehicle as undamaged is illegal, it happens all too often.
"If a deal looks too good, be careful," said
Have the vehicle inspected or inspect the vehicle yourself.
- Look for water marks behind the rugs in the cabin and trunk.
- Look for rust in the engine compartment.
- Check for musty odors in the cabin and trunk.
- Check the wheel wells for signs of submersion.
- Check that electrical wires are flexible and not brittle or cracking.
- Was the vehicle parked in a location that had recent flooding?
Run a NMVTIS CheckThatVIN report.
The National Motor Vehicle Title Information System (NMVTIS) was designed to protect prospective buyers and sellers of used cars and trucks from concealed vehicle histories.
Created by federal law, this system is the only publicly available system in the country that requires all insurance carriers, auto recyclers, junk and salvage yards, and states to report vehicle title history information. NMVTIS data is also required in the state of
Reports typically include title "Brand" information that may uncover a previously-unknown "Salvage" or "Flood" vehicle. This information may not normally be found in a standard vehicle history report. CheckThatVIN is available at https://checkthatvin.com
"Customers shouldn't have to be so wary when they buy a used car," said
About CARCO
CARCO was founded to provide auto inspection service to the insurance community. Today, through its record of quality performance, a fully computerized proactive vehicle inspection program, and the most extensive site network available to serve the motoring public, CARCO maintains a dominant market position in the automobile inspections industry segment.
CARCO has evolved through the years to become a national leader in quality of service, timely reporting, cost-effectiveness, state-of-the-art technology solutions, and legal expertise in employment screening and risk mitigation.
CARCO is a leading provider of tech-enabled and compliance-driven human capital management and risk management solutions.
Read the full story at http://www.prweb.com/releases/2016/11/prweb13861035.htm
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