The Dangers of Buying a Stolen Car
Ever felt that sinking feeling when you realise your deal is just too good to be true? †Alarms should start ringing if the seller is pushing for a quick deal but not providing any history or documents. Sadly, some innocent buyers can find themselves caught up with a great deal and end up with a stolen car. Itís illegal to sell a stolen car, but an unlucky buyer will ultimately have to return the car. At this point the buyer will be left out of pocket and must battle to receive any compensation.
Avoid Buying a Stolen Car
The majority of stolen cars are given anotherís identity in an attempt to mask that fact itís †a stolen model. The identity is taken from a similar car on the road or pinched from one that has been written off.
Police history checks or insurance checks in the event of an accident will bring the fraudulent details to light. You should invest in a private history check before buying the car or watch out for warning signs.
What should I look out for?
- If the seller cannot provide you with the V5C vehicle registration document you should walk away straight away.
- Mistakes or marks on the V5C could point toward a counterfeit.
- Vehicle identification numbers on key areas of the car should always match the V5C document.
- Identification numbers are also etched on the glass windows.
- The address and name of the seller should always be stated on the V5C document.
What if I have already bought the car?
Technically you have now handled stolen goods and already committed a crime. However, it is very unlikely you will be arrested if it was genuinely unintentional. Immediately stop using the vehicle and report your concern to the police straight away. Continuing to use the car without reporting it will result in your arrest.
Can I get my money back?
Sadly getting the money back is not as straight-forward as returning something at a store. Instead you will have to take the vehicle seller through the legal courts. For starters you need to be able to trace the person, whilst they will be trying their best to remain hidden. This can become a long and costly process so you should always consult a legal adviser before you commence.
What if I want to keep the car?
If you decide that you would prefer to keep hold of the car it is by no means an easier option. Depending on the specifics of your case it could require even more of a battle than getting†your money back. You must prove you have a good title, which means you should be the true owner. This involves long drawn out court proceedings and ultimately a final decision from the judge. It is a complex process and the car will remain impounded until it has been resolved. Professional legal advice should be taken to find out if this is a better route for you.
published: 16/06/2015 09:21:15