Anyone ever bought a flood Corvette?

If it didn't have a flood title, and sustained only minor damage, I would consider it.
Like I said, for me, it is much easier to rebuild a wreck than a flood... takes less time, and usually requires less work and parts. None of you on this forum would touch the 2001 I am building now with a ten foot pole, and that is as it should be...
It will have a salvage brand when i am done, but i don't care.. resale is not important to me. but for 99.9% of the car enthusiast public, I would never reccomend doing what I am doing.
That said, it is too unfortunate that many of these flood cars will get "title washed" (no pun intended) in spite of efforts to prevent it.
A rebuilt wreck that is poorly done is usually fairly easy to spot by any good mechanic you have check out the car. A flood car is harder, as there may be no visible damage. I would favor a national database for any and all cars declared a "total loss" that would include the type of gamage sustained, and the value of the car the insurance company used to write it off.






It's hard to sell a salvage titled car. If it was fresh water damage and the price is right, it might make a good parts or track car. My $.02
It's hard to sell a salvage titled car. If it was fresh water damage and the price is right, it might make a good parts or track car. My $.02
There are a number of them to choose from and they are all Katrina cars.
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If I wasn't as familiar with the flood situation, I would definitely pass or lower my offering price accordingly to account for worst case.
I was shopping for a Miata of the same era but got my C5 within the same budget, because of the flood title.

Years ago, we bought an older Vette that had been salvaged for flood damage, and flood damage only. The car, itself, was
in pretty good mechanical condition and drove well. The plan was to use it as a project car.
Worst mistake ever...
Had the car for a few years. At first, the car seemed fine. As time passed, the smell became unbearable, to the point
it gave me a headache just sitting inside. It reached a point where the entire garage began to smell so we ended up
selling it to a local salvage yard at a big loss. Pretty sad as the car was mechanically sound and had very low mileage.
We all made money fixing "insurance wrecks" on the side.
Everybody had a "specialty".
Some liked very light wrecks.
Some guys did high performance wrecks.
Some guys liked to "clip" two wrecks together to make one good one.
A few weirdos liked fire damaged cars. (yuck)
I liked "unusual" or foreign cars.
But even the guys who specialized in fire damaged cars wouldn't touch a flood car. They just sat dripping and stinking until we sent them to the metal scrapper. We wouldn't sell a thing off them.













