QuickTips: How to Avoid Car Fraud
Each year, thousands of unsafe cars are put back on the road after accident repairs and many more are stolen.
Over a third of stolen cars aren’t recovered and could be sold on to the public. Read on to find out why and how you can protect yourself from car fraud.
So, you’d be wise to protect yourself by having the car’s history checked out. The police can take the car away from you if it has been stolen and although in theory, you’d be entitled to a refund of the price from the person who sold you the car, you’d have the practical problem of getting it. (For example, can you locate the seller, and even if you can, are they worth suing?)
If you buy a car which has outstanding credit on it, whether you, or the finance company, own the car will depend on whether you knew about the outstanding credit when you bought it. If you did, the car will still belong to the finance company. If not, you’ll be the owner of it.
What can you do?
Just remember, prevention is better than cure. Check the car’s history before you buy it, so you don’t end up later forfeiting the car to the rightful owner.
Your check needs to cover:
Information from the PNC (Police National Computer for recorded stolen vehicles), the DVLA and the Association of British Insurers (recorded accident damage).
Check whether the registration is recorded as stolen & recovered.
Avoid the loss buying a vehicle that may be:
- Subject to Outstanding Finance
- Stolen (Police Interest)
- Stolen & Recovered
- Write off / Total Insurance Loss (Recorded Accident Damage)
- Scrapped by the DVLA
- Subject to Plate Transfers
- Colour Changes
Also check the following is correct.
- Make and Model
- Number of Former Keepers
- VIN (Chassis Number) Check
- Engine Number and Size
- Date First Registered
- Year Manufactured