Over 500,000 new and used vehicles were damaged in the recent floods and hurricanes but unfortunately, many of these vehicles make it into the hands of the general population. Although many states require that car titles specify when a car is flood damaged or salvaged but the descriptive terms vary from state to state. Scam artists can move the car to a less restrictive state and using the discrepancies in state standards to wash the car?s flood history clean. Many of these cars are shipped far from the affected areas so don?t assume that a car you?re looking at couldn?t be a flooded car just because you don?t live near the flooded areas.

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With the price of new cars shooting up like sky-rocket each year, buying a used car is a great way to stretch your dollar. But also a gamble, if you?re lucky you might be able to score yourself a great car at a bargain on the other hand you might just get a lemon car. And there?re scam artists out there to take advantage of unexpected buyers. Be prepared to run as far away from the seller when these happen:

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Sure, most auto salespersons are honest folks but there are also too many of them who like to cheat their way to profits. Here are the top 5 scams that you absolutely must avoid or you could be paying way too much for your car.

1.The dealer sells you a car and allows you to take it home on the spot. You finance your car through them but a few days later, the dealer calls and tells you that your financing has been rejected. You?re then told to re-apply your financing through them at a much higher cost (meaning a much higher profit to them). Arrange your own finance or if you must do it with them, don?t take the car home immediately. Wait until the financing is completed first.

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