Stolen recovered...What's the problem?

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Fri 28 Jan 2011 13:26
Stolen recovered...What's the problem? - Tommk4

A friend of mine is trying to sell his MX5 on ebay. Several times he's had people clicking "Buy it now" Then they do a HPI check and realise it was stolen and recovered 8 years ago and quickly pull out of the sale.

He never did a HPI when he bought it so he had no idea it had been stolen before.

What I want to know is, why do people turn and run once they discover it had been stolen and recovered 8 years ago? Its not damaged as a result and insurance can be had at the same price as a "normal" car.

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Fri 28 Jan 2011 13:36
Stolen recovered...What's the problem? - Armstrong Sid

Then they do a HPI check and realise it was stolen and recovered 8 years ago and quickly pull out of the sale.

How are you sure that this is the reason they are pulling out of the sale?

Maybe they decide not to buy it for some other reason, such as condition, price, age, mileage, etc.

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Fri 28 Jan 2011 14:57
Stolen recovered...What's the problem? - Tommk4

"How are you sure that this is the reason they are pulling out of the sale?"

Because they say so.
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Fri 28 Jan 2011 15:32
Stolen recovered...What's the problem? - AlleyCat`

Possibly they think by not declaring it that the seller has something to hide?

State it in Black and White on the Auction and invite that any buyer can have it fully inspected?

Just a thought.

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Fri 28 Jan 2011 15:56
Stolen recovered...What's the problem? - madf

If it's not declared any buyer can void the sale.

And post bad feedback..

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Fri 28 Jan 2011 17:08
Stolen recovered...What's the problem? - ForumNeedsModerating

Why would you want to buy it though? If there's a choice (and there most certainly will be.. ) why not buy a car that hasn't got a stolen/recovered on its ownership profile. How are potential punters to know what period it was stolen for & how it was treated in that time? Personally, I wouldn't consider a car with a stolen/recovered indicator from HPI - always more to choose from.

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Fri 28 Jan 2011 18:11
Stolen recovered...What's the problem? - Steven Quas

The reality is that being stolen/recovered puts many buyers off since the car may have also been abused or damaged. Even if you happen to know that this isn't the case, any potential buyer would have to take your word for it, knowing that they would also struggle to sell. If it happened 8 years ago and the car is running well then it shouldn't be a big issue, but buyers are right to avoid it if they have bid on it without knowing that fact as it affects the value.

Steven Quas , Hamburg

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Fri 28 Jan 2011 18:34
Stolen recovered...What's the problem? - Hamsafar

People are also worried/confused about the insurance implications.

Such as higher premiums or lower payouts for a write off.

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