The £13,000,000 used car fraud

The amount of people flogging cars that they don't actually own is on the rise. The value of car fraud cases exceeded £13.6m in 2011, with a significant proportion of that taken by so-called 'conversion fraud'.

Any car bought on finance remains the property of the finance company until all the payments are made, meaning that someone who sells a car with outstanding payments is selling a car illegally.