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Warning on Used or Resale Cars

Guthrie Insurance

If it's not one thing, it's another....Looking for a good used car. Here is something you certainly might want to keep an eye out for.

Economical warns against flood-damaged vehicles from Alberta

Tuesday, 02 July 2013 10:19

Waterloo, Ontario -- July 2, 2013 -- Economical Insurance is cautioning consumers who are looking to buy a used automobile to be aware that vehicles deemed a total loss from the recent severe flooding in Alberta may find their way to market for unsuspecting buyers outside Alberta.

A statement from Economical Insurance notes that history has shown that unscrupulous people buy flood-damaged cars, clean them up and sell them at attractive, below-market prices. This is not illegal. What is illegal is hiding the truth of a vehicle's history.

Economical Insurance warns buyers to be on the lookout for tell-tale signs a vehicle for sale may have been flooded in Alberta, such as:

• strong perfumes inside the car to mask odours
• persistent condensation on the windows
• water stains on the seats or carpets
• dampness in the seats or carpets
• dirt marks in unusual places, or under the carpets
• the presence of mildew
• rust in odd places

"Another clue is the date the vehicle was registered in the province the buyer lives in," said Rocco Neglia, Economical's vice-president, claims. "For example, if an Ontario resident is looking to buy a car and notices that it was only recently registered in the province, you need to ask yourself 'Where did this vehicle come from?' and 'What happened to the vehicle before it was registered in Ontario?'"

A buyer of a flood-damaged vehicle will find that it will likely require significant and expensive electrical and mechanical repairs, which may only become apparent six to 12 months after purchase. Always insist on being given a formal vehicle history report when buying any vehicle.

Source: Collision Repair Magazine

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