Drive your car on the road without insurance and police have the power to confiscate it and even send it to the crusher – but finance companies are stepping in to save exotic cars at risk of being scrapped.
A recent scheme introduced by car history experts HPI allows police forces to find out if a vehicle confiscated by them has finance owed on it.
If it does, it’s legally owned by the finance company – and police can return it to them rather than sending it to auction or the crusher.
More than £9 million worth of uninsured vehicles were returned to finance companies in May alone – including high power vehicles such as a Ferrari 458 Spider and a Bentley Continental GT V8 S.
Even a Mercedes-Benz Actros truck worth £90,000 was returned to a finance company after its driver was caught without insurance in Humberside.
Other highlights include two Audi R8s and a Lamborghini Gallardo.
HPI’s head of industry relations, Barry Shorto, said: “In just one month, the total value of the cars recovered highlights the important role that HPI CrushWatch plays in the process of clamping down on uninsured drivers.
“This is a problem that isn’t going away, but through an ongoing collaborative approach with police forces throughout the UK we can help the leasing and finance companies to minimise losses and increasingly get to grips with the problem.”
The top five makes of car most commonly avoiding the possibility of auction or the scrap yard following seizure by the police include Vauxhall, Ford, BMW, Volkswagen and Audi.