A car is stolen every 40 seconds in the United States. In fact, there were an estimated 794,616 motor vehicle thefts nationwide in 2009, accounting for a total loss of $5.2 billion.
If a consumer with a new auto loan has their car stolen, or gets into an accident, insurance companies will pay for the current market value of the car, but not what a borrower owes a lender. If a driver prepared ahead of time and purchased GAP insurance, that would cover the difference in between the two numbers. Not all consumers have this coverage though and it can make a big impact, especially for those who drive one of the top five stolen vehicles, as revealed below. But fortunately, not every auto heist is well-planned either.
Loans.org compiled a top five list of our most entertaining auto heists, ranging from small-town crimes to large multi-million dollar operations.
Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders’ Zone, a construction / home improvement portal.
