...has just realised that the BMW he paid Ł9k cash for last night is a stolen car. He found the ad in Autotrader, thought it was a great deal - it booked at around Ł12500 (i know, alarm bells!). The car was advertised as an 05 plate 318d ES Touring with 50k on the clock.
Anyway, he went to an address, which looking back on it, he reckons was probably an empty house this guy had broken into to look like he lived there.
He HPI'd the car, he checked the VIN, the V5, the Tax, the service history and handed over the cash. Today they all appear to be forgeries. The car, on closer inspection, is a 56 plate 320d SE Touring. the VIN numbers have been filed down and restamped.
So now he's thinking that the cash is gone, he's going to have to tell the police and he won't be able to recoup anything.
I've said that maybe he will be able to negotiate a reasonable price with the insurance company who now must own it (assuming they've paid out for it) in order to keep it. I remember watching a tv program on this recently and there was an old guy who bought a Discovery for Ł13k only to find out it was a cloned car. The insurance company demanded it back but he ended up offering them a grand to keep it and they agreed. Does anyone remember that? I have been trying to find it as maybe it will make him feel better but Google is letting me down for once!
Anybody know what his best options are? (If it were me and I thought there was no chance of getting any money back I'd be inclined to strip it and sell off all the parts).