Anyone know this COPO?

Lee Stewart · #1 07-08-2020, 04:12 PM

Each state has it's own laws when it comes to fraud. They are not all the same. When bidding on a car at an auction, the buyer signs a Buyers Agreement which has a disclaimer in it holding the auction company harmless from any fraudulent actions (description) by the seller. The state that has the auction in it sets the laws.

In essence it's Caveat Emptor . . . let the buyer beware.

The only "fraud" crime that is federal is switching VIN numbers.

**William** · #2 07-08-2020, 06:02 PM

Quote:

Originally Posted by Lee Stewart

The only "fraud" crime that is federal is switching VIN numbers.

Well, maybe. ZL1s #9 and #27 both sold at auction and were disclosed as re-bodies.

This re-bodied COPO sold at B-J AZ 2020.

Lee Stewart · #3 07-08-2020, 07:32 PM

Quote:

Originally Posted by William

Well, maybe. ZL1s #9 and #27 both sold at auction and were disclosed as re-bodies.

This re-bodied COPO sold at B-J AZ 2020.

Some states have laws that allow a rebody and as long as those laws are followed, it is perfectly legal to do so under Federal law. Whole bunch of forms have to be filled out along with a number of vehicle inspections.

In the case you show, was it the intent of the restorer to defraud a buyer (illegal) or was it his intent to preserve a rare vehicle (legal).

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