Harrison07

Hey guys unfortunately the last mustang I went to go look at did not work out. (the transmission was shot) anyway I recently found a 2010 mustang GT with 33k miles on it unfortunately it has a salvage title due to flood damage in Florida. I talked to the guy and he said he has driven it for about 10k miles and has owned it for 2 years without any problems. He got the title cleaned in Maryland. He is asking $11,500 but I talked him down to $10,000. Before I buy it I am going to take it to the local ford dealership and have them check the entire car inside and out. Do you guys think it is worth $10,000 or should I forget about it. Also when I go to sell it is it going to be worth anything or will I be losing a lot of money?

Thanks,
Harrison

Soldier GT

Welcome! Post this in the 05 + section of MF.

DRAGUL

I wouldn't buy it. . Flood cars develop a lot of problems over time. Electrical parts will degrade over time, along with the body. If carfax says it was a salvage flood damaged car, you will have a hard time selling it. If you try to trade it in, no dealer is going to touch it.

dkpGTCS

Flood damage is a tough one. I normally would say to walk away, but that's not a bad price if you're willing to take the gamble & know you're going to keep it a very long time.

I agree with above that no way you're going to be able to trade it in & I wouldn't want the hassle of trying to sell a flood damaged vehicle. You should also be good at diagnosing weird problems because at some point you're going to have some.

Having it checked at the dealership is wise, but IMO they're only going to find any issues the car is having now. They're probably not going to see any of the corrosion or problems that aren't obvious yet.

Good luck.

05 Mustang

welcome

I agree!