Moral of the story - Always HPI check your new purchase!

TomO

TomO

TomO

Soldato
Joined
28 Oct 2002
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Agreed a sale on the M3 last night, the guy was coming round this morning to pick up the car / pay for it and called to say he had just done an HPI check and it was previously stolen recovered! :eek:

****!!!!!!!

no idea why I didn't HPI this car when i bought it, but thats done now. The guy I bought it from must have lied to me though as I am sure I asked all the right questions, but thats not really going to help now. He had the HPI check from when he bought the vehicle and showed me all the finance documents etc. so I thought it was all above board.

****, not a good start to the day!

...anyone know the value of my car now?:(
 
I would first of all do a HPI check of your own with the VIN number to confirm if the buyer is telling the truth. He may have done it to offer you a few k less later on to buy it hoping you don't do a HPI check.
 
using the hpi check details, surely you can contact the insurer involved and check with its a legitimate entry

it wont be the first time an entry has been added to the wrong cars records
 
It effects the value that traders will put on it massively and also insurers will apparently pay out less.

I am on a quick learning curve this morning trying to work out what its new value is!

It was agreed at £32.9k, now the guy offered me £27k!!
 
People will be worried about if there is any underlying damage. And the buyer will probably be a bit suspicious of you now, which ofc is totally unfounded, but he doesn't know that.

Is it possible for you to get any details of the circumstances by which it was stolen and recovered? If it was stolen with the keys, driven around for an hour then found by the police using it's tracker, it shouldn't be much of an issue and you should publicise it if this is the case.

But if it's been smashed up, chased by the police, cained over kerbs etc then you may not want to publicise the details and just refer to it as stolen recovered.

Are there no receipts for accident repair? Have you called BMW to see if it's been in for repairs etc?
 
Not going to give you a hard time as you've obviously learnt your lesson, but surely spending that amount of money on car it should have been the first thing in your head?

Have you checked yourself? Could be the buyer trying to pull a fast one.
 
I have HPI'd pretty much all my cars, dont know why this one was any different.

I have done the HPI check myself, so its all legit.

will see if I can find out more info on the details of the event.
 
Probably just a brain fart. Happens to the best of us. Hopefully it won't screw you too much.

Good luck!
 
What does stolen/recovered actually mean? It was once stolen...then recovered. Why does that affect things? In case it got ragged?
 
I wouldn't be put off by a stolen/recovered :). Most of the recovered vehicles are stolen with keys and found in a side street where they've been left to check for a tracker :).
 
Holy **** there's me thinking you bought an E36 or maybe even E46 M3 without HPI'ing, but you bought one worth over £30k and it didn't occur to you to spend £5-£25 for your own peace of mind? I'm sorry but that is cataclysmically dumb.

Personally whilst I wouldn't be put off by a stolen/recovered (Cat D anyway) I'd expect it to be cheaper than an equivalent car without that on its record, and I'd probably only buy if the current owner could provide some clue as to what caused it to be on there in the first place (e.g. garage invoices for repair work, etc).
 
Jokester said:
Should it make any difference? The car presumably is still what ever condition it is.
Click to expand...

It will make HUGE difference - its a £30,000-£40,000 car and its listed as a Cat D Stolen Recovered. It will knock thousands off its value because most people buying at this level simply wont want it.
 
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