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

**softop** · October 22nd, 2009 02:54 PM

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** · October 22nd, 2009 03:18 PM

(((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** · October 22nd, 2009 03:50 PM

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** · October 22nd, 2009 03:56 PM

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

**vinj** · October 22nd, 2009 04:28 PM

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** · October 22nd, 2009 04:46 PM

if for personal use i think its ok..

**renzo_d10** · October 22nd, 2009 04:49 PM

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

**Rev!t** · October 22nd, 2009 06:35 PM

hmmm,

yes, of course...

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

**renzo_d10** · October 22nd, 2009 08:29 PM

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

**actor21** · October 22nd, 2009 08:49 PM

Originally Posted by 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?

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