|Quoting bristolflyer (Reply 7):|
What about titles for the vehicles - how do they get them so they can be sold? Would think that it would be very hard to sell to a unknowing buyer?
Ideally, flood damaged vehicles would be sold with a "Salvage Title", which informs the buyer that the car was damaged beyond practical repair and is being sold "As-Is". So then the buyer takes a knowing risk in buying the vehicle, etc.
However, there are too many disreputable sellers (brokers) that will purchase these vehicles, change the engine and transmission fluids, spit-shine the car and sell as a "Certified Pre-Owned" car.
Your best bet, at least here in the U.S., is to go to Carfax or a similar service and enter the VIN of the car and it will usually show you any salvage write-off claims for the vehicle filed with the insurance companies or the DMV.
Always be careful when buying cars from brokers - there is a reason why they sell them cheaply... If you buy a used car, it is usually a better idea to buy a CPO (Certified Pre-Owned) vehicle from the dealer.
Just my $0.02.