I'm looking at a car which is apparently on wovr as stolen recovered. What exactly does this mean and how does it affect the vehicle? Can I purchase it and register it? Or is it only good for parts? Apparently there is nothing wrong with it other than that.
Thanks
Why is that?
It's always going to be an issue throughout the life of the car.
If it's cheap enough (I'm talking <$5k) then buy it and run it into the ground.
Problem is you just never know how damaged it got when it was stolen, what repairs it needed etc.
Buy it if you'll never have to sell it again, otherwise don't.
Thanks for your input. And you're right. Who knows how hard it was flogged and if it was crashed.
@Spackbace:
I meant on top of the Stolen Recovered record on the PPSR.
They were usually recorded as Light Strip or Heavy Strip. Heavy Strip were generally marked as Statuatory Write-Off to avoid rebirthing of another vehicle.
Crims got smart and only removed enough parts for a Light Strip Write-Off, then bought the car back from Auction and refitted the parts they removed initially. Some suspicions that they used to report the car found to Police so it would not get burnt out or further stripped by other vultures before it was recovered by the insurer.
I ran a rego check on it and it says Not Stolen and has current rego for a few more months.
I wouldn't go near it
seems to be a lot of these threads lately
Buy it, next minute becomes a target of theft number 2
there is a reason the car was stolen the first time
Keep away, the only car I will buy is one thats clean record
How would it become a target for theft number 2? Also I'd be buying a vehicle from another state.
My guess is they mean obviously there was something that made it easy to steal, although it may have just been stolen due to opportunity or negligence.
My concern would be how it was treated when it was stolen. I wouldn't imagine a criminal to drive sensibly.
Stolen recovered is when the vehicle was stolen however was then recovered/found at a later time.
I always thought that this was meant to come off the record at some stage but you can clear this up with the owner by asking or even local police.
If you do a rego check and its listed as not stolen its not stolen… just was reported stolen at some stage then found.
Stolen cars have the best acceleration and handling. a bit like rental cars.
It would have been recorded on the WOVR as an Economic Total Loss. Sounds like it has had parts replaced, probably second hand. Consider that the Odometer might have been replaced as they are an expensive part New.
Did the seller declare the WOVR listing? did s/he purchase it then repair?
Most dealers won't trade vehicles on WOVR so factor that in to your valuation.
The vehicle is from a dealer. I never trade, always resell. I'm also in the consensus that who knows what happened to it when it was even… It just really caught my attention as well the low kms, high end model at, well a steal!
linky?
Could be a Subaru Wagon 🚙
So, you realise that it will be much harder to resell, right?
When the time comes to sell, anyone that's really interested will do exactly what you've done, see that the vehicle is listed as "stolen recovered" and begin asking the same questions… It's a "steal" from the dealer as you put it for a reason.
What sort of car is it? Something special, or just cheap? If it is common there are plenty more fish in the sea, find another. if it is uncommon it might be worth considering.
It might have been 'conveniently stolen' and hidden for a while waiting for insurance, or used to get home from the station because stealing a car is cheaper than paying for a cab. Just because it was stolen doesn't mean it was thrashed/damaged, but there is that chance.
Just don't buy it…