CARCO Group Advises on How to Avoid Buying a Used Hurricane Flood Vehicle
With Hurricanes Harvey and Irma wreaking havoc on
It is estimated that there will be over 500,000 flood claims due to Hurricane Harvey alone. Consumers are at risk of buying flood-damaged cars that may be passed off as undamaged. Buyer beware! You do not want to unwittingly buy a car that was under water. Ever.
"If a deal looks too good, be careful," said
The
Here are two ways to avoid buying a used flood vehicle:
1. Have the vehicle inspected or inspect the vehicle yourself.
- Look for water marks behind the rugs in the cabin and trunk.
- Look for rust in the engine compartment.
- Check for musty odors in the cabin and trunk.
- Check the wheel wells for signs of submersion.
- Check that electrical wires are flexible and not brittle or cracking.
- Find out if the vehicle was regularly parked in a location that had recent flooding.
2. Run a NMVTIS CheckThatVIN report.
The National Motor Vehicle Title Information System (NMVTIS) was designed to protect prospective buyers and sellers of used cars and trucks from concealed vehicle histories.
Created by federal law, this system is the only publicly available system in the country that requires all insurance carriers, auto recyclers, junk and salvage yards, and states to report vehicle title history information. NMVTIS data is also required in the state of
Reports typically include title "Brand" information that may uncover a previously-unknown "Salvage" or "Flood" vehicle. This information may not normally be found in a standard vehicle history report.
CheckThatVIN is available at https://checkthatvin.com/ctvcares.
In light of the recent hurricanes and in support of our customers, until
About CARCO
Since its inception in 1977, CARCO has provided businesses with the tools necessary to protect its clients from a variety of risk events and fraudulent activities that can expose the company and its bottom line.
A Cisive company, CARCO is one of four divisions:
1.
2. Driver iQ, a Trucking Industry Background Screening and Monitoring Division
3. Background Screening,
4. Investigative and Security Consulting Division
Read the full story at http://www.prweb.com/releases/2017/09/prweb14691819.htm
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