Buying a flood-damaged car is the ultimate "high-risk, high-reward" gamble in the automotive world. On paper, it looks like a steal—a late-model luxury SUV or a sporty sedan for 50% to 70% off its market value. But before you sign that title, you need to know exactly what lies beneath the floorboards. The Financial Allure

If you are still leaning toward buying, do not rely on your eyes alone.

Look for silt or sand in the glovebox, under the spare tire, or inside the light fixtures.

Mold and mildew thrive in seat foam and behind dashboards. If the car wasn't dried professionally and immediately, you could be breathing in spores every time you turn on the AC.

In the world of used cars, if a deal looks too good to be true, it’s usually because it’s currently underwater—literally or figuratively.

About The Author

Danielle

Danielle Holke is a long-time knitter, first taught by her beloved grandmother as a young girl growing up in Canada. In 2008 she launched KnitHacker, a lively blog and knitting community which has since grown to be a popular presence in contemporary knitting culture, reaching more than a million readers each year. As a marketing professional, Danielle advises and works with a motley squad of artists, yarn bombers, film makers, pattern designers, yarn companies and more. Learn more about her latest book, Knits & Pieces: A Knitting Miscellany.

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