After the New York Tri-State region suffered a pretty damning blow due to Hurricane Sandy, we were one of the first -- if not the first -- publication to jump on the horn and say "Caveat emptor." We noted concern about recently salvaged vehicles popping up on the used car market and guess what, it will be happening in short order.
According to reports, in one case an insurer literally has filled a decommissioned runway with vehicles that sustained Sandy-related damage. The plans are to sell them off for scrap, parts and in some cases, auctioned.
If I was a betting man, I'd say dealers will be the ones bidding for these products and though flood-damaged vehicles are supposed to have a title change, there's always a few that slip through the cracks. Amazing how that happens, right?
Personally speaking, if I was shopping for a used vehicle I'd make sure to have a pre-purchase inspection (PPI) completed by an independent authority. The last thing you want to have is a salt walter soaked auto on your hands.
Have they got a deal for you!
Insurance Auto Auctions Corp. has taken over the runways of Calverton Exectuive Airpark in Riverhead, N.Y. and has parked about 15,000 Hurricane Sandy-ravaged cars there, according to the New York Post. The cars will be scrapped, used for parts or auctioned.
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