Flood Cars-Replacements- Current YR-End car offers

MBK

I was watching a recorded program from Saturday. It had several year-end 0% and cheap lease deals to blow out the 2017's.

Now I wonder if the disposal and replacement of the flood cars and trucks will become a relief valve for the over inventoried car industry.

fordsix

still wont matter the watter will take weks and insurance wont come thru till fall the 2018 are on the lots

shilowar

The one industry that will truly suffer is the Insurance industry. But look at the all the construction jobs, all the vehicles and machinery what will be sold. Not just new cars, they showed a huge John Deere dealership with huge tractors all under water....millions of dollars of inventory. I wonder how they track flood damaged machinery??

Brookwood

The saddest part of this disaster is that unless all of the many losses, both commercial and private, are covered by flood insurance........Insurance Companies will not pay![V]

gjshaw

quote:Originally posted by Brookwood
The saddest part of this disaster is that unless all of the many losses, both commercial and private, are covered by flood insurance........Insurance Companies will not pay![V]


I agree. Home owners insurance only covers damage from broken pipes or stopped up drains. You have to have National Food Insurance for both the property and the contents that most mortgage company's require now to get paid for flood damage. I was lucky when I flooded . I had the property covered but not the contents. In this house on the lake I have both now.

nmyers

Timing will be good for the new car manufacturers. For the last several years, they have been pushing leases real hard, & now those same cars are getting turned in; they have to move them, but they don't want to compete with their own new cars.

So, why bother trying to "restore" salvaged cars, when you can get rid of your off-lease inventory? Insurance won't pay individuals enough to buy new cars, so recently leased cars look like a good buy.

In any case, there are now several title search companies, so it's not as easy as it used to be to sell a flood car to someone unsuspecting. Look for them to be stripped & crushed.

Neal

grumpygy

They all will be shipped north to unsuspecting buyers .