What are the risks of buying a stolen car?

Even you feel the used car dealership is too good, but the seller is pushing for a quick deal without mentioning its complete history. Buyers hurried to make a better deal but later found it was a stolen car. Then buyers have to return the vehicle without expecting a refund. Here’s the complete guide to know how stolen car impacts used car purchase.

When buying from a dealership covers your rights through consumer legislation, purchasing from a private seller is a significant risk because you never know if your chosen vehicle is stolen. It is illegal to sell the car, but it turns out risky when you don’t give enough time to know its history. Thus, a stolen car check is helpful to avoid such types of risks.

What if I purchased a stolen vehicle without knowing it?

According to stats in the UK, a car is stolen every 5 minutes, making buying a used car challenging. And, Range Rover Sport is ranking first in the UK most stolen cars and keyless entry theft now raised to 93%. It is essential to secure your vehicle & to save pounds from the purchase of a used car.

If you accidentally purchased the stolen car, then either your vehicle will be seized from you, or you might end up facing legal issues. Your car and money invested in the car are gone. You have to prove to the police about the purchase of a used car genuinely.

If you plan to recover your money, you have to win the judgement against the seller; it’s pretty impossible. You have only the least chance where the insurer will provide a claim. It is why you should conduct a stolen car check before buying a used vehicle.

How does a stolen car come to the market? 

There are certain scenarios where burglars effectively bring the theft cars into the market without letting them know about its history. Here are three scenarios where buyers turn into a victim.

  1. The car is stolen and is put for sale before the owner knows about the stealing. Usually, it happens when the owner is out of the city, and the thief is aware of their absence.
  2. The car was stolen some time ago and is reported to Police. This car is then offered for sale. You can avoid this risk when you enquire about the vehicle history with the UK police database & confirm if the car is anywhere marked as stolen.
  3. The thief has changed the identity of the vehicle by swapping its number plate, falsifying the registration card, or changing the VIN. Avoid this risk when you take the report online, where it should reveal the VIN, make, model &colour. Match these details with the logbook & walk away from the deal if you find any discrepancies.

Also Read: How to avoid buying a used car with outstanding finance?

Protect yourself from doing the following things:

There are chances where most of the buyers fail to notice, thinking the seller is genuine and reputable. But, it might not go as planned. So, here are a few points to keep in mind when you are ought to buy.

It is wise to check the vehicle at the address of the registered keeper. Ask for the V5C registration document (logbook), and ensure the DVLA watermark is there.

  •  Match the VIN/chassis numbers on the car with those written on the logbook. Moreover, use the stolen car check report and tally it with details on the DVLA. Never buy the vehicle without its logbook.
  •  It is your responsibility to do a market search on the make and model you want to purchase. If the seller is offering you a vehicle lower than the market price, you need to be alert. No seller wants to lose money on his or her deal.
  •  If the seller is asking for cash, stay away from the agreement. In case you pay cash and find about the stolen vehicle later, you won’t have any proof of the purchase you have made.
  • Invest in a stolen car check or free vehicle history check (if that offers the information you need) for your peace of mind. Car Analytics lets you know about the date of theft & police contact information, if available.

Recommended for you: Check car details before buying a used vehicle

Summarize:

It occurs for the buyers who even carry out the complete inspection metrics and follow the mechanic guides. But still, some buyers are shopping for the car by simply trusting their dealer. It is not advisable and ensures you prepare with the checklist to check while buying a used car.

Ensure your chosen vehicle is genuine without any potential risks (stolen, financed, damaged or clocked) later, proceed with the paying process & don’t forget to do the transfer of ownership procedure.

6 thoughts on “What are the risks of buying a stolen car?”

  1. Hi my family member! I want to say that this post is amazing, great written and include almost
    all important infos. I would like to see extra posts like this .

  2. I’ve been absent for some time, but now I remember why I used to love this site. Thank you, I will try and check back more often. How frequently you update your web site?

    • Hi.

      Welcome back. Thank you and We are happy about your interest in our services. Based on our customer’s requirements and satisfaction we update often for easy accessibility.

      Thank You!

  3. Greate pieces. Keep writing such kind of info on your page.
    Im really impressed by your blog.
    Hey there, You’ve done a great job. I’ll certainly digg it and
    individually suggest to my friends. I am sure they’ll be benefited from this site.

Comments are closed.