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-   -   Watch your next E46 or other used purchase! (http://forum.e46fanatics.com/showthread.php?t=964612)

jfoj 01-08-2013 05:56 PM

Watch your next E46 or other used purchase!
 
Be careful if you plan on purchasing a used car in the next 6-12 months!

There is a lot of inventory that might be put back into the public domain by potentially shady dealers and repair shops???

http://www.foxnews.com/leisure/2013/...est=latestnews

I could just guess how many of these car may show up with "clean" titles!

soul786 01-08-2013 06:04 PM

Having the right contacts might mean a sweet deal on a project car though

JQuick5156 01-08-2013 06:19 PM

Quote:

Originally Posted by soul786 (Post 15042785)
Having the right contacts might mean a sweet deal on a project car though

I agree. I know some people but don't have the time or effort to sort through electrical problems caused by flooded car :(

choxor 01-08-2013 06:29 PM

Quote:

Originally Posted by soul786 (Post 15042785)
Having the right contacts might mean a sweet deal on a project car though

That's one "project" I'd personally pass on.

7xWDC-MSC 01-08-2013 06:40 PM

They will be headed to states with very lenient lemon laws (MA not being one) but watch out NH.

Zell 01-08-2013 06:43 PM

All those 15,000 cars on that runway in NY will find unfortunate homes somewhere.

7xWDC-MSC 01-08-2013 06:48 PM

Quote:

Originally Posted by Zell (Post 15042924)
All those 15,000 cars on that runway in NY will find unfortunate homes somewhere.

They'll be swallowed up by those "buy here, pay here" places. Nobody with a credit score of 400 could resist an abnormally low price on a used car.

Zell 01-08-2013 07:34 PM

Quote:

Originally Posted by 7xWDC-MSC (Post 15042944)
They'll be swallowed up by those "buy here, pay here" places. Nobody with a credit score of 400 could resist an abnormally low price on a used car.

http://www.youtube.com/watch?v=SWoYmTAfDbk

DonaldE 01-08-2013 08:00 PM

Says in the article that every vehicle has the title stamped "flood damaged"
I wonder how hard it is to get around that.
A salvage title is a salvage title.
Am I wrong?

jfoj 01-08-2013 08:07 PM

Don't worry, the New Yawkers and their neighbors likely can get around some of title issues.

Creative writing, shell games and a ouija board can work miracles!

choxor 01-09-2013 07:52 AM

Quote:

Originally Posted by DonaldE (Post 15043194)
Says in the article that every vehicle has the title stamped "flood damaged"
I wonder how hard it is to get around that.
A salvage title is a salvage title.
Am I wrong?

Google title washing.

DonaldE 01-09-2013 10:44 AM

Quote:

Originally Posted by jfoj (Post 15043213)
Don't worry, the New Yawkers and their neighbors likely can get around some of title issues.

Creative writing, shell games and a ouija board can work miracles!

Haha. Good old ouija board

Sent from my DROID RAZR using Bimmer App

LeMansteve 01-09-2013 11:39 AM

Quote:

Originally Posted by Zell (Post 15042924)
All those 15,000 cars on that runway in NY will find unfortunate homes somewhere.

Sadly, you're probably right.

boostedisbetter 01-09-2013 11:47 AM

That's a sh!t ton of cars!

jfoj 01-09-2013 12:06 PM

To add insult to injury, what if you lost your car(s) in the storm and about 9-12 months later when you are finally trying to get back on your feet and you unknowingly buy one of these cars that shows back up in circulation! :banghead:

choxor 01-09-2013 12:55 PM

Quote:

Originally Posted by jfoj (Post 15044877)
To add insult to injury, what if you lost your car(s) in the storm and about 9-12 months later when you are finally trying to get back on your feet and you unknowingly buy one of these cars that shows back up in circulation! :banghead:

Sadly that's bound to happen.

MJLavelle 01-09-2013 01:22 PM

I believe I pointed this out about 3 months ago...
http://forum.e46fanatics.com/showpos...21&postcount=7

But it really is sad. The worst part is that they will end up being sold to people who can least afford to deal with a car with major problems. I know that a lot of people hate the government intruding in our lives, but this is one case where laws should be passed that require the drivetrain to be seperated from the body, and as much of the electronics as possible should be removed and destroyed. That way, only the mechanical parts can be sold.
Because this is something that happens after every major hurricane or flooding event. There also needs to be some effort by the states to standardize the title process for cars, which is something the US Government can mandate that they do.
Of course, since shipping container rates have dropped so low, they have the opportunity to ship them off to South America, and charge horrible rates for them. There are tons of them that end up down there now.


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