If you're thinking about purchasing a car with water damage or one that's been in a flood, we have one suggestion for you: Unless you can do all the reconditioning and repair work yourself, you probably shouldn't.
These flooded cars pose all sorts of risks, including shorted-out electrical systems, engine and transmission failure, damage to exhaust, brake/ABS systems, and dangerous mold. You may also get bilked into paying thousands of dollars more than the waterlogged car is actually worth. Here are some tips to help you spot potential auto fraud in the form of a flooded…