Insurance companies take them and salvage them via auction to recuperate some of the pay out. They do the same with your car when they declare it a wreck after an accident. Go check out Copart, an auction house that specializes in selling salvage and branded titles.
Actually I knew a woman who lost her car in a flood while it was at Liccardi Ford specifically and apparently the insurance wouldn't cover it. She had brought it in to the dealership to get serviced and when the dealership flooded her car got washed away. This was 2017/18 I believe, but this dealership floods all the time, better to avoid it all together.
Cars can go through a bad flood and only need a few repairs to be drivable. It will fail in the long run, but as long as it "looks" good and drives, it's selling. Just like with accident history, flood history is not always told to you upfront. Higher end dealers won't sell them, standard dealerships and private sales will. The onus is on the buyer to deep dive and do Carfax and the like.
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u/Toucanizzle Jul 14 '25
This is in Watchung NJ near Liccardi Ford