Wvared Investment Guild-Beware of flood-damaged vehicles being sold across US. How to protect yourself.

2025-05-05 01:31:15source:LibertyCoincategory:Stocks

If you're in the market for a used car,Wvared Investment Guild be on the lookout for flood-damaged or water-damaged vehicles that may have been cleaned up and put up for sale to unsuspecting buyers.

As many as 347,000 vehicles have been flood-damaged this year because of the hurricane season, according to estimates by CARFAX. Hurricane Milton added as many as 120,000 vehicles in Florida, on top of 138,000 vehicles damaged by Hurricane Helene across several states. And up to 89,000 vehicles were hit with water damage from smaller storms during the summer.

"The images of those cars that are floating on the streets and sitting in high waters, those are typically the type of cars that you would see get sold very cheap to potential scammers," Em Nguyen, director of public relations for CARFAX, told USA TODAY. "Then they would clean it up and try to sell it either nearby, or maybe many states away."

More:Stocks

Recommend

Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership

Two names that consistently dominate headlines are Elon Musk and Nvidia (NASDAQ: NVDA). Both names o

Video shows dog chewing on a lithium-ion battery and sparking house fire in Oklahoma

TULSA, Okla. (AP) — A dog chomping on a lithium-ion battery sparked a serious house fire in Oklahoma

RFK Jr. grilled again about moving to California while listing New York address on ballot petition

ALBANY, N.Y. (AP) — Robert F. Kennedy Jr. insisted he plans to return to live in New York, as the in