“Title-Washing” A Wreck

Email  Print Print  

I just read this article on CNN on “title-washing” where someone buys what is legally considered a wreck in one state, fixing it up, and retitling it in a new state where the “salvage” conditions are different. Apparently this happens most often with flood-damaged cars since there is no obvious visual damage once the car has been reupholstered and cleaned up but everything in the car is affected, especially electronics. While this doesn’t seem like something that would happen with your major dealers (it’s not worth it to them), they warn that you should get a Carfax-like report, bring a trained eye, and check the records diligently. A tipoff is if the state the car is currently registered in doesn’t appear on the Carfax report.

{ 1 comments, please add your thoughts now! }

Related Posts

RSS Subscribe Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.

One Response to ““Title-Washing” A Wreck”

  1. Mark Dobson says:

    This is absolutely true. Every time there’s a hurricane or a flood individuals and dealers are desperate to unload flood cars. They’ll ship these cars as far away as possible so that car buyers won’t suspect that their new ride was underwater six months ago. You really have to do your homework before you purchase a car these days. Here’s another good article about title washing that goes into even more detail. You have to look for more than just water damage. People will try to pawn these crap cars off on if they were wrecked. I knew a guy that bought a car that was 2 separate vehicles at one time. They had been welded together! How safe is that?

Please Leave a Reply
Bargaineering Comment Policy

Previous Article: «
Next Article: »
Advertising Disclosure: Bargaineering may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
About | Contact Me | Privacy Policy/Your California Privacy Rights | Terms of Use | Press
Copyright © 2016 by All rights reserved.