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Old 07-21-2013, 03:53 PM   #1
AlpWhitE46
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Buying a previously stolen vehicle

I was wondering, if a vehicle was stolen a number of years ago, paid out on insurance and then located...
Should i be worried with buying this car? regarding re-sale?

Would it really affect anything?
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Old 07-21-2013, 05:25 PM   #2
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resale maybe, theft recovery doesn't mean much on its own if you dont know the situation
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Old 07-21-2013, 05:27 PM   #3
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He says it happened a long time ago when it was near new.

I can run a car proof though.. 50$..
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Old 07-22-2013, 02:32 AM   #4
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Definitely run a carproof report. Ask him if he has any records about the theft too. Presumably he has a UVIP already?
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Old 07-22-2013, 11:38 AM   #5
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Buying a stolen car is hit or miss. There is always an unknown.
(More so than a used car in general).
Some people care, some don't. You limit the pool for resale.

Some will think, was the transmission abused?

The same thing applies to buying a ex-rental car.
As for ex-rentals, did some young punk rent the car and abuse the poor thing.
Slam the car into reverse while it is moving etc..... We've all seen the immature kids do this.

This is why I personally wouldn't touch a ex-rental car, especially the small compact/mid size cars that are common among younger drivers.

I'd pass on a Stolen car.

What car is it? If it is auto, pass on it.
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Old 07-22-2013, 11:59 AM   #6
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Depends on the thieves/chop shop and the type of car. I bought a theft recovery M3 before missing the entire interior and wheels, fenders, drivetrain. The scum that did the stripping were careful as they likely wanted the parts in good shape. I've seen other "nice" examples of higher end theft recovery cars like this too.

On the other hand, for more economic cars like Civics, Caravans, RAV4's, etc. I've seen cars with all wires cut, bolts sheared off, tool marks all over the body etc.
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Old 07-22-2013, 12:23 PM   #7
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Example:

350z was stolen basically for jow riding and the wheels.
It was off-roaded on a country road, and found off on a ATV Trail. ehhhh

There was damage to the bumpers, skirts, and the car was left for 2 days with all the windows and sunroof open and sitting on the ground. There were about 20 dents underneath on the floor.

Not even sure how the care was recovered. Probably dragged out.

The original plan by the insurance company was to put black undercoating and call it a day.

-Car was sold off instead as a theft recovery.

A kid bought the car at auction and fixed the bumpers/skirts and put aftermarket wheels.

The frame/floors were not fixed. He didn't even know...

I still see the car around. I wouldn't buy it.

You just never know what the car went through.
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Old 07-22-2013, 03:13 PM   #8
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11/23/2005 Ontario, Canada Theft Claim $22,734.00

and the only thing that worries me is the same day that the theft claim is registered there is
11/23/2005 12/14/2005 Estimate Repair Not Available $5,398.43 37034 KM

could it be stuff that was stolen in the car?
windshield damage possibly etc.?

Last edited by AlpWhitE46; 07-22-2013 at 03:21 PM.
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Old 07-22-2013, 07:47 PM   #9
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Quote:
Originally Posted by AlpWhitE46 View Post
11/23/2005 Ontario, Canada Theft Claim $22,734.00

and the only thing that worries me is the same day that the theft claim is registered there is
11/23/2005 12/14/2005 Estimate Repair Not Available $5,398.43 37034 KM

could it be stuff that was stolen in the car?
windshield damage possibly etc.?
The $5K could be anything. ON some cars, factory special wheels could be $5000+ new.
Insurance companies use new parts as replacements most often (especially newer cars).

I can't remember if "Ontario, Canada Theft Claim $22,734.00" means the value of the car (payout) or damages.

Walk away..
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Old 07-22-2013, 07:49 PM   #10
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Its the payout not damages.
car seems in really good condition interior, exterior and underneath..
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