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As the result of less than scrupulous dealers, in many states, any car that is recovered after a flood (regardless of the water depth) must get a special flood salvage title, which brands the car for the rest of its existence and permanently lowers its value either at sale or trade in. I’d also have to agree that the resale value should be way lower as you are assuming all the risk going forward…………….
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“Anything really new is invented only in one’s youth. Later, one becomes more experienced, more famous – and more stupid.” - Albert Einstein
Last edited by JFP in PA; 04-06-2011 at 10:30 AM.
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