Consumers across the country need to be warned about the tremendous potential for fraud with flood damaged cars.
(PRWEB) November 04, 2013
Car donation charity Kars4Kids announced today the results of a study on the ultimate destination of cars damaged by Hurricane Sandy.
This study follows the creation by the charity of a Hurricane Sandy page dedicated to statistics, data, stories, and tips on how to avoid flood cars.
New data released to Kars4Kids from one of the largest car auction companies in the country shows that as many as 78% of Sandy-damaged cars are heading for resale out of state. In other words, residents of states outside the Tri-state area are at greater risk of purchasing a flood-damaged car than residents of states that were hit by Hurricane Sandy.
"Most of the warnings about flood damaged cars have been focused on the areas affected by Hurricane Sandy," said Steven Weldler Kars4Kids spokesman, "Consumers across the country need to be warned about the tremendous potential for fraud with flood damaged cars."
The resale of flood-damaged cars is an area that is ripe for fraud. Unscrupulous dealers can use a method known as “title washing” to acquire a title that does not reflect the flooded status of the vehicle. Consumers who are not careful can be scammed into buying one of these cars at full value.
Consumers are urged to use the tips on the Kars4Kids Sandy page to learn how to avoid flood damaged cars.
Aditional information will be released on the Kars4Kids social networks including the Kars4Kids Google+ page.