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Trey, I'm a little dissapointed they didn't at least offer you the car! Better luck next time!
What on earth would you do with it?!! I used to work in a body shop back in the early 80's that specialized in buying up Flooded/dunked cars and rebuilding them. If it had been in the drink for more than a week it was salvage only. Automotive paints are not actually waterproof, just highly water resistant. Even paints like Awl-Grip are not rated for below waterline use because they are not waterproof, only water resistant. If you put these coatings underwater long enough, like a week or two, the water penetrates through the coating and ruins it with blisters and begins to corrode the metal. Think of all the places inside the car that can never be re-painted once the car leaves the factory. And we have not even talked about replacing the potentially ruined interior, engine/transaxle or wiring and electronics, any one of which will easily exceed the value of the car.

Jimbo