Is it worth it to buy a flood-damaged car at a fraction of its cost?

[softop]

You and I have probably heard about flood-damaged cars being sold at a fraction of its cost. Is it worth your money, time and effort?

Here's one story that I heard from one casa. Two Nissan Patrol cars, owned-first by one person, were being sold for 350K each. one is a year 2004 and the other one is a 2006. Meron tumawad ng 600k - SOLD!

The buyer's bill from the casa:
'06:P125k-replaced ecu, some wires, forced PMS, labor, detailing

PLUS

'04:P255k -replaced ecu, some wires, gauge panel, forced PMS, shocks, detailing.

Total: P280k (repairs) +600k (acquisition cost) = P880k. Pwede?

[ianmitsulancer]

(((IMO)))

hello sir softop, i think the overall cost is ok considering that this is waaaay lower that the usual second hand car price. Just make sure that the procedure to bring it back to its running condition was well done as well as a warranty for the labor/procedures so just in case you get into trouble, you will know who to point fingers at... HTH.

[1997]

If you intend to buy it and sell it Pwede kung kaya ng konsensya mo(unless declare mo dun sa bibili sayo)...

If for keeps or kayo gagamit not worth it baka kasi lumabas pa yung ibang other problem ng car na kukunin ninyo...

[ghosthunter]

If you plan to use it, there might be issues with costs of replacement parts including ECU, sensors, headunit, etc.

[vinj]

Well, if you're talking about a Patrol then thats an okay deal. Those were really built to ford water... if worse comes to worse he can always shoehorn in the old reliable TD42.

IMO: I wouldnt do that if the aim was to sell for profit. Maybe if i'm looking for a project car, you know what you're getting into and the price is right then why not? I've personally restored a flooded vehicle before; it took me several months but the end result was good and its still running good to this day.

[aNthraxx]

if for personal use i think its ok..

[renzo_d10]

If it's back to it's best condition it can be then yes.

[Rev!t]

hmmm,

yes, of course...

...buy previously-nice now-flooded cars like civic and convert as taxi fleet.
:twak:

[renzo_d10]

^^ Civics ? Cant be. Honda doesn't allow their cars to be used as a taxi.

[actor21]

You and I have probably heard about flood-damaged cars being sold at a fraction of its cost. Is it worth your money, time and effort?

Here's one story that I heard from one casa. Two Nissan Patrol cars, owned-first by one person, were being sold for 350K each. one is a year 2004 and the other one is a 2006. Meron tumawad ng 600k - SOLD!

The buyer's bill from the casa:
'06:P125k-replaced ecu, some wires, forced PMS, labor, detailing

PLUS

'04:P255k -replaced ecu, some wires, gauge panel, forced PMS, shocks, detailing.

Total: P280k (repairs) +600k (acquisition cost) = P880k. Pwede?

tol dapat 380k ang bill..pero mura parin ha?

[Rev!t]

^^ Civics ? Cant be. Honda doesn't allow their cars to be used as a taxi.

huh, why? what's the reason behind that...

[Rev!t]

^^ Civics ? Cant be. Honda doesn't allow their cars to be used as a taxi.

^hey, I found a thread!
ganito nga yun...

[coiter]

bale 980k for two nissan patrols that are less than 5 years old?? pwedeng pwede! kahit may lumabas pang ibang problem at magspend pa siya ng 500k murang mura pa rin. pero malamang, pag binenta uli, di na mababawi yung ginastos sa pagrepair. so i guess dapat for keeps kung ganun.

[Memphis Raines]

Basing on the deal posted here I'd get it

I wouldn't be surprised if we get similar deals like this in the next month or two and believe me there will be takers. Units like these will end up in the caring hands of happy, optimistic owners.

[JJGF]

kung sanay ka naman magkalikot ng oto e ayos lang and kung pang harabas pwede na!

tanong ko lang... may computer box na ba ang year 2000 L200 endeavor at strada?

[ehnriko]

If I am to buy a flooded car...

I'd rather buy it AS IS WHERE IS.... No Casa should touch it.

I will have my own mechanics and technicians do the R&R and cleaning and drying of everything in - out.

then - throw away the ECU - replace it with Megasquirt VEMS-1.

This way - I will have no issues about over-all car performance.

A flooded car will never be the same again.... specially if it was fixed traditionally.

To answer the question... if it's remedied or fixed by the Casa only... I'd rather have an older car with a good history.

Moreover, reselling flooded cars is not easy. People are thinking - it's a headache and a wallet ache waiting to happen.