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Old 01-02-2013, 05:53 PM   #19
mac.mogul
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Join Date: Oct 2011
Fan#: 90409
Location: Wichita, KS
What I Drive: 2011 Sterling Grey SES Sedan

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If you're able to, buying a salvaged car with flood damage can be a good investment.

I've seen people buy Shelby GT500's that were salvaged because of flood damage. The only thing wrong with them was the electronics. Replace that and you've got a 500+hp muscle car for a fraction of the cost. Do you run the risk of future problems? Yes of course, but buying a 50,000 dollar muscle car at an auction for less than $20k with $2k of repairs seems like a bargain, yeah? You won't be able to get full-coverage insurance, but you may be able to get collision coverage or at the very least liability so even that will be cheaper. You don't pay property tax on salvaged titles either.
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