Buying a stolen/recovered car

[Ben P]

Ok what are the issues involved with buying a stolen/recovered car?

Apart from it being worth less when I come to sell it, what are the main disadvantages?

What should I look out for / be aware of? And do you think it is even worth considering?

Cheers

 

[Dash]

Look out for the loot the left in the boot?

 

[BrynO]

Try to find out as much about the circumstances as you can, how was it stolen, why (joy riders, for re-sale?) how it was recovered, what damage was done, what repairs were made, by whom etc. Who is selling it, how they acquired it, check its status/category on the accident damaged register (however, I think even HPI may not have a record of this yet if it was very recent). End of the day, if you are confortable, the price is right and you know what you are getting into (and how hard it may be to get out of!)....

 

[viceroy]

Get a letter from the insurance to say the car is paid for...or you could end up like me with armed debtors coming round to take the car away (luckily the case was sorted and I kept the car...was an insurance bugger up on their side)

 

[JLOW]

Its seriously worth considering my mate bought a skyline and a Nissan 300 from a police auction for a combined price of 5k turned out the 300 needed a bit of work doing but the skyline was seriously mint it only had 14K on the clock and a bloke up my road bought a Toyota Avensis for £900 it had only done 2K. The old bill dont care what they get for the cars as long as they get rid of them.

 

[Nath]

where are these ploice auctions then??