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The Risks of Buying a Stolen Vehicle

Stolen Vehicle

Buying a used car should give you peace of mind. No matter how good the used car dealership seems, the seller wants a quick deal without explaining the vehicle’s history. They hurried to make a better deal but later found out it was a stolen, cloned, and clocked car. Once the vehicle has been sold, buyers cannot expect a refund. This guide explains how stolen cars affect used car sales.

How does a stolen vehicle end up on the market?

In some instances, burglars successfully introduce stolen vehicles onto the market without informing them of their history. Here are three circumstances in which buyers become victims.

  1. The car was stolen some time ago and has since been reported to the police. This car is then put up for sale. You can prevent this risk by checking the vehicle’s history with the UK police database and seeing if the car has ever been reported stolen.
  2. The burglar altered the vehicle’s identity by exchanging its license plate, faking the registration card, or changing the VIN. Avoid this danger by ordering the report online, which should include the VIN, make, model, and colour. Compare these details to the logbook and walk away if there are any differences.
  3. The car is stolen and sold before the owner realizes what has happened. It usually occurs while the owner is out of town, and the thief is aware of their absence.

What happens if accidentally bought stolen vehicle?

According to UK statistics, a car is stolen every 5 minutes, making purchasing a used vehicle difficult. Furthermore, the Range Rover Sport is the most stolen car UK , with keyless entry theft increasing to 93 percent. Safeguarding your vehicle and saving money when purchasing a second-hand car is critical. 

If you accidentally buy a stolen car, your vehicle will be seized, and you may face legal consequences. Your car and the money you invested in it are no longer available. 

You must demonstrate to the police that you made a genuine purchase of a second-hand car.

How to know if a Car is Stolen?

In most circumstances, a stolen car will have a different identification to conceal the fact that it has been stolen. As a result, it’s not always possible to discern if a car has a secret history. 

You may take a few steps to ensure that the car you’re considering purchasing is not stolen. 

Here are some tips to keep in mind while purchasing a used car:

  1. Ensure the V5C document (logbook) contains the DVLA watermark. Cross-check the cars number plate with the VIN on the logbook.
  2. Never buy a vehicle that does not come with a logbook. 
  3. People attempting to sell stolen vehicles frequently try to sell them without their logbooks, claiming they have been sent to the DVLA for updating. Although this is possible, it is advisable to wait until the logbook is accessible before making any assumptions.
  4. When purchasing from a private seller, request identification. Check if the address on this identity matches the current owner’s address on the V5C.
  5. Invest in a police national database to find a previously stolen vehicle.

Check to see if a car has been stolen online.

Running a vehicle history report with an online provider can give you complete peace of mind. This is because these checks will supply you with a wealth of information not generally available to the general public. You will be able to detect not just if the car has been stolen in the past but also if it has been written off.

Safeguard Yourself

When it comes to car shopping, you are the only person with your best interests in mind. When making sound financial decisions, you should not rely on others. Contrary to popular opinion, car insurance will not cover you against purchasing a stolen vehicle. The most significant way to protect yourself is to educate yourself on car buying. Make sure these methods to determine if a car has been stolen:

  1. Cross-check the VIN of the car
  2. Do a vehicle inspection by a local mechanic
  3. Run a vehicle’s history with an online car check

 It happens to buyers who perform the complete inspection metrics and follow the mechanic guidelines. Nonetheless, some consumers shop for a car by simply trusting their salesperson. It is not recommended, and you should make a checklist when purchasing a second-hand car.

After ensuring that your chosen vehicle is real and free of any potential dangers (stolen, financed, damaged, or clocked), proceed with the payment process, and don’t forget to complete the transfer of ownership method.