Would you buy a flood damaged classic car?

PatrickK said

The bidding just opened on it today - already at $4,525 and runs through next week. If you bid through a membership with SCA you don't have to have a dealers license according to them, so anyone can bid. With the limited amount of time to try and look at it and with so much unknown I am more inclined to pass, especially if it starts to approach the $8-10k mark. It just wouldn't be worth it as it approaches that price.

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I saw, it was on my watch list. It was removed from the sale, so either the original owner bought it back, or something was wrong in the documents, and it will be reauctioned when straightened out. For someone who knows EXACTLY what to do with a flood car, it could be worth it, if it only gets to the 8 grand area, but the insurance is probably going to hold out for more. Also, every day it sits in that hot Texas sun, the mold, rust, bacteria’s multiply drastically. Chances are it will be far too expensive for a car that will always have a branded title.