Lost F50 found

[AmoCS]

https://www.autoevolution.com/news/this-1996-ferra...

[MDL111]

somebody will be out of pocket on this ... or they sell the car and both get their initial purchase price back and any additional proceeds split 50/50

[R8Reece]

If the original owner only had it a few months, surely it'll go back to them?

[AyBee]

"Mohammed Alsaloussi, a car collector and owner of Miami’s stunning supercar collection Ikonick Collection"

I thought Barry Skolnick was the owner of the Ikonick collection? My guess would be the original owner should get this - if you buy stolen goods from someone who stole them, they don't belong to you.

[the tribester]

I wonder what the history of the car is like over the last 20 years. When you're spending that much I'm sure you'd look into it.

Clearly the VIN has remained the same, under the tar, so what enquiries did the new owner make?

[williamp]

R8Reece said:

If the original owner only had it a few months, surely it'll go back to them?

Yes this, surely. Its the responsabilitg of the purchaser to make sure they are buying the car, and they will the new owner. They have been drfrauded, so they need to go after the canadian sho sold them the car. And they should go after who they bought the car from.

In reality, everyone should have checked the provenance of the car before handing over the money.

[ghost83]

To me it’s the original owners car not the guy who’s just bought it

[MDL111]

Out of curiosity do people check if a car is stolen / how do you check that? I have certainly never made any inquiries about cars I bought - only stuff I asked dealers if it has been in an accident according to their knowledge/information.

[Zoobeef]

Check vin numbers match the V5 and do a HPI report.

[randlemarcus]

F50, couple of months old, not insured? I wonder how far back the Guardia di Finanza records go?

[Lee Jones Jnr]

The rightful owner seems pretty obvious to me but US law is often very different.

We don't know from that report that the car was not insured, just that losses were not covered.

[randlemarcus]

Lee Jones Jnr said:

The rightful owner seems pretty obvious to me but US law is often very different.

We don't know from that report that the car was not insured, just that losses were not covered.

As far as I know, UK law doesn't assign blame to a unaware buyer of stolen goods either, so it would be equally tricky here, though I suspect the UK justice system would be significantly more passive, and let one sue the other, rather than confiscating the asset.

[the tribester]

randlemarcus said:

As far as I know, UK law doesn't assign blame to a unaware buyer of stolen goods either, so it would be equally tricky here, though I suspect the UK justice system would be significantly more passive, and let one sue the other, rather than confiscating the asset.

In the UK the new buyer of the stolen car (or item) does not assume rights of ownership, that remains with the original owner. The new buyer would have a case against the person selling it to them.

Unlike a pushbike/camera/watch the seller in this case is unlikely to be some bloke down the pub.

[Lee Jones Jnr]

randlemarcus said:

Lee Jones Jnr said:

The rightful owner seems pretty obvious to me but US law is often very different.

We don't know from that report that the car was not insured, just that losses were not covered.

As far as I know, UK law doesn't assign blame to a unaware buyer of stolen goods either, so it would be equally tricky here.

I believe that the buyer would not be prosecuted for buying stolen goods unwittingly, but they wouldn't have any legal claim to ownership.

[MDL111]

Zoobeef said:

Check vin numbers match the V5 and do a HPI report.

Thanks, mmhh never done any of tose things
Might have to rethink my approach

[7GJR]

the tribester said:

In the UK the new buyer of the stolen car (or item) does not assume rights of ownership, that remains with the original owner. The new buyer would have a case against the person selling it to them.

Unlike a pushbike/camera/watch the seller in this case is unlikely to be some bloke down the pub.

So you think - car goes back to original owner. Recent purchaser has a breach of contract claim against the vendor?

[the tribester]

7GJR said:

the tribester said:

In the UK the new buyer of the stolen car (or item) does not assume rights of ownership, that remains with the original owner. The new buyer would have a case against the person selling it to them.

Unlike a pushbike/camera/watch the seller in this case is unlikely to be some bloke down the pub.

So you think - car goes back to original owner. Recent purchaser has a breach of contract claim against the vendor?

Dependent on the facts, which I haven't seen, yes, that is the likely outcome in the UK, but the claim is in the US.

[DKL]

There needs to be some investigation into who sold the car to the "new" buyer and how they obtained it. The car should go back to the original owner and then there will be multiple law suits from some well heeled people about who owes who money.