Where Do Flood-Damaged Cars End Up?

[KylieLynn]

Flood-damaged cars may end up as collateral vehicles, enter the used car market, or be recycled. Here's a partial introduction to the destinations of flood-damaged cars: Becoming collateral vehicles: Some people purchase these flood-damaged cars to use as collateral for loans. Particularly for luxury cars, they can still secure substantial loan amounts. Entering the used car market: Experienced used car dealers buy these vehicles at very low prices, then modify and refurbish them. After modification, these cars are almost like new and are sold at higher prices. Being reclaimed: Some flood-damaged cars that haven't been registered are eventually repurchased by the manufacturers themselves. They are sold to internal employees, specifically to staff at car dealerships who are very familiar with used car dealers. Ultimately, these cars also return to the market.