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!

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

Originally Posted by soul786

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

Originally Posted by soul786

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

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

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

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

Originally Posted by Zell

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.

Originally Posted by 7xWDC-MSC

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.

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?

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!

Originally Posted by DonaldE

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.

Originally Posted by jfoj

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

Originally Posted by Zell

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

Sadly, you're probably right.

That's a sh!t ton of cars!

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!

Originally Posted by jfoj

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!

Sadly that's bound to happen.

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.