A tip from an industry source warns us that as many as 10,000 damaged Rv's and other vehicles may come out of the recent Texas floods and insurance companies may be letting wholesalers buy these vehicles so they can end up at your neighbor dealer's car lot.
Texas is know to have a large Rv ownership base historically and the recent floods impacted private owners and dealer lots alike. So what will happen to those flooded Rv's? You might be surprised.
Bloomberg News is reporting that about 2,500 flooded recreational vehicles, cars, trucks, travel trailer's and motorcycles have already been towed to a Copart facility in Houston, where they will be set aside to be auctioned to the highest bidder. Copart works with insurance companies to sell vehicles wholesale that have been totaled in accidents and floods.
While these totaled out flood Rv's are normally reduced to salvageable parts, some are bought by dealers who intend to resell them after cleaning them up, often moving them to another state, and then off to the local auction yard they go - where their flooded or wrecked history can often be made difficult to trace back.
So if you are in the market to buy a recreational vehicle in the next seven to twelve months, watch out. Inspect carefully, have a local rv mechanic or rv body shop check out the vehicle before you buy it. Check the frame and basement areas carefully for any sign of water damage, such as sand or dirt or waterline markings.Look for signs of premature rust. Smell for musty odors and look for mold.
And, most important of all, ask the selling Rv dealer to guarantee that the recreational vehicle you are looking at was NOT in a flood anywhere.
And don't just take their word for it. When they say "no flood - no way" be sure to tell them that you want them to write that on the sales contract too. And if they won't do it, then watch out! Don't buy! Go somewhere else.
Don't waste your money on flooded Rv or wrecked Rv! Or a sunken travel trailer either.
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| Thousands of Flooded Rv's Heading to Your State? |
Bloomberg News is reporting that about 2,500 flooded recreational vehicles, cars, trucks, travel trailer's and motorcycles have already been towed to a Copart facility in Houston, where they will be set aside to be auctioned to the highest bidder. Copart works with insurance companies to sell vehicles wholesale that have been totaled in accidents and floods.
While these totaled out flood Rv's are normally reduced to salvageable parts, some are bought by dealers who intend to resell them after cleaning them up, often moving them to another state, and then off to the local auction yard they go - where their flooded or wrecked history can often be made difficult to trace back.
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| Going Downstream the Hard Way |
So if you are in the market to buy a recreational vehicle in the next seven to twelve months, watch out. Inspect carefully, have a local rv mechanic or rv body shop check out the vehicle before you buy it. Check the frame and basement areas carefully for any sign of water damage, such as sand or dirt or waterline markings.Look for signs of premature rust. Smell for musty odors and look for mold.
And, most important of all, ask the selling Rv dealer to guarantee that the recreational vehicle you are looking at was NOT in a flood anywhere.
And don't just take their word for it. When they say "no flood - no way" be sure to tell them that you want them to write that on the sales contract too. And if they won't do it, then watch out! Don't buy! Go somewhere else.
Don't waste your money on flooded Rv or wrecked Rv! Or a sunken travel trailer either.
Burdge Law Office
Helping consumers get rid of lemon Rv's, every day.
It's what we do.