You might think that with the East Coast bearing the brunt of Hurricane Sandy damage, the rest of the country doesn't have to worry about the danger of flood cars on the used car market. But new information released by Kars4Kids, the largest national car donation charity, reveals that this is not the case. In fact, the nonprofit says, based on data from a couple of car auction companies that they deal with, that more of these cars are being shipped and sold out of state than are sold in the state they were damaged in. That leaves consumers from states not hit by Sandy at even greater risk of unwittingly buying a water-damaged car than residents of, say, New York and New Jersey.
Kars4Kids has put together a handy list of tips to educate consumers about the dangers of "title washing" and how to avoid being scammed into buying a flood car. The tips, along with other Sandy and car related resources, can be found on Kars4Kids' The Sandy Car Factor page.
Among the states that are at greatest risk of receiving Sandy cars are Florida, California, Texas and Kentucky. Read more on the Kars for Kids blog.