Car reported Stolen now it has gone up in value.
Car reported Stolen now it has gone up in value.
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Discussion

del mar

Original Poster:

2,838 posts

229 months

Monday 25th June 2018
quotequote all
Interesting conversation with MOT garage on Saturday.

He is a Classic Ford man.

He owns a rare Escort, only 90 or so made worth nigh on 6 figures, and has owned it for several years.


It was taken away by the police last month.

A previous owner has recently reported it stolen in 2003 and it has been taken pending investigations. Not quite sure why it has taken him 15 years to report it as stolen, but the value has increased over the past few years.....

He has gone back through the last two owners who knew bought and sold in good faith, it has been HPI checked and came up with nothing against it.

Is there a time bar on reporting stolen property ?


Alucidnation

16,810 posts

200 months

Monday 25th June 2018
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I can’t imagine any ford escort would be worth six figures, however rare.

What edition is it?

Saleen836

12,503 posts

239 months

Monday 25th June 2018
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Alucidnation said:
I can’t imagine any ford escort would be worth six figures, however rare.

What edition is it?
http://www.classicandsportscar.com/auctions/mk2-ford-escort-sells-almost-ps100000


Although to report a car stolen after that length of time does indeed sound suspicious

Mammasaid

5,585 posts

127 months

Monday 25th June 2018
quotequote all
Saleen836 said:
http://www.classicandsportscar.com/auctions/mk2-fo...


Although to report a car stolen after that length of time does indeed sound suspicious
or

https://www.carandclassic.co.uk/car/C1001279

The Selfish Gene

5,582 posts

240 months

Monday 25th June 2018
quotequote all
that looks very dodgy - I guess we are assuming that they've decided they want it back, and presume there is evidence they owned it but no evidence it was sold in good faith, and thus can pretend it was stolen.

The million dollar question is how come they just realised 15 years later it was stolen.....................

Had it been stolen from a family lock up, and previous owner has since died and it's in the estate, and they only just noticed it, I suppose it could happen.

smells a smidgen fishy

98elise

32,632 posts

191 months

Monday 25th June 2018
quotequote all
What was it worth in 2003. It might have been worth very little back then and if it went missing the owner might not have given a crap.

If it's worth something now, and they have realised it's on the road their stance might have changed!

Lee540

1,586 posts

174 months

Monday 25th June 2018
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Buster73

5,620 posts

183 months

Monday 25th June 2018
quotequote all
del mar said:
Interesting conversation with MOT garage on Saturday.

He is a Classic Ford man.

He owns a rare Escort, only 90 or so made worth nigh on 6 figures, and has owned it for several years.


It was taken away by the police last month.

A previous owner has recently reported it stolen in 2003 and it has been taken pending investigations. Not quite sure why it has taken him 15 years to report it as stolen, but the value has increased over the past few years.....

He has gone back through the last two owners who knew bought and sold in good faith, it has been HPI checked and came up with nothing against it.

Is there a time bar on reporting stolen property ?
Surely he claimed on his insurance though ?

Graveworm

9,243 posts

101 months

Monday 25th June 2018
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Buster73 said:
Surely he claimed on his insurance though ?
It's hard to claim on insurance if you don't report the theft to Police. There is no time limit however, since from the OP's account the Police don't appear to be treating his friend as a suspect in criminal activity, it is unusual for the Police to insert themselves in a disputed ownership case. There is a clumsy mechanism under the Police property act but they try to avoid doing that or appearing to take sides.

Kinkell

537 posts

217 months

Monday 25th June 2018
quotequote all
RS 1800 most likely and they have been valuable since before 2003. Nearly bought one in 1989 for 8k but chickened out. Interesting to see how this unusual case pans out.