Hey guys need some advice. Bought a Peugeot 207 MY2007 last night for $5.2K, and had 51K on the ODO. I also paid for a comprehensive REVS check and everything was clean - no finance, no write-off, not stolen, no ODO rollback… Not a single issue. I had a previous Peugeot 308 so kinda knew what to look for. Everything seemed fine and we went for a few drives and the car ran/sounded fine. The only thing missing was a logbook as he said it was typically serviced by friends or mobile mechanic and never kept receipts. Ended up transferring the cash, and getting Part B of the Notice of Disposal. I bought this as a gift for my bro and the only thing I wasn't able to give him was my bro's licence number, which he's waitinng for.
This morning, I checked some old paperwork in the folder where the manual is kept and it shows some really old service receipts from 2007. The name and signature of those receipts by that owner is different to the guy I bought from (as per the name and sig on the Notice of Disposal). The old receipts had a distinctly anglo saxon name, but I bought this car from a Korean guy with both a very Korean name and signature. But the rego papers were in his (Korean guy's) name. However, the rego paper was only 3 months old as it shows he paid for it in Feb this year (expires May this year). I'm starting to see alarm bells.
This guy says the car has only had one owner - himself. It does seem strange that the car has done only 51K in 10 years and the car seems way too clean inside and out. The engine area is spotless and the insulation materials on the back side of the bonnet all look brand new (not a single mark or fraying). In my mind I'm wondering if this car has been rebuilt?
I've already transferred the $5.2K, but I haven't provided my bro's licence number - not sure if that's mandatory to dispose of.
Do I have any leverage here if the car is stolen or if there's something fishy?
I should have got NRMA to do a full inspection for $200, but in my head everything seemed to check out, until this morning… It also doesn't help I didn't get his licence number, just have the rego paper.
doDgY