May 7, 2025
Police in Hays County, Texas recently recovered four stolen GMC Denali trucks traced back to Houston valued at more than $220,000. On each of the trucks, the vehicle identification number (VIN) had been “cloned” to dupe unsuspecting buyers.
The vehicles were located after an investigation by the Hays County Sheriff’s Auto Theft Unit and other law enforcement agencies — thanks to tips from the Hays County Tax Assessor’s office about suspicious vehicle titles, according to Click2Houston.
Advertisement
“The GMC Denalis were sold by suspects on Facebook Marketplace for a price significantly below market value,” the Hays County Sheriff’s Office wrote on Facebook. “All victims were provided fictitious titles for the cloned vehicles.”
VIN cloning occurs when auto thieves replace the VIN of a stolen car with the VIN of a legally registered car, often of the same make and model, according to Chron.
Since the VIN belongs to a vehicle that hasn’t been reported as stolen, the vehicle can be passed off as “clean” and sold to an unsuspecting buyer.
Here’s how to avoid becoming the next victim.
Buying used? Look for red flags
In 2024, more than 850,000 vehicles were stolen in the U.S., costing car owners around $8 billion, according to the National Highway Traffic Safety Administration (NHTSA). Vehicle theft can lead to significant financial losses, including the cost of replacing a car and a higher insurance rate over the long term. But it’s not just car owners who pay the price.
Buyers of used vehicles are also at risk. For example, if authorities discover you’ve bought a cloned car, your car can be seized and you won’t be reimbursed, according to the National Insurance Crime Bureau.
So it pays to exercise extra caution when buying a used vehicle from a private seller.
Red flags can include vehicles being sold on social media, vehicles with out-of-state titles and prices significantly below market value.
Advertisement
For example, the GMC Denali trucks were sold significantly below market value on Facebook Marketplace.
In some states, you can have a VIN verification inspection performed by the DMV before you buy a car. If the seller refuses, that’s a red flag. Always get a vehicle history report and perform a title search through the National Motor Vehicle Title Information System — and be sure to get the seller’s I.D.
To help prevent your car from being stolen, the NHTSA recommends that owners “use common sense.”
For example, don’t leave your vehicle running unattended, park in well-lit areas if possible and lock all windows and doors when you park. You may want to consider an anti-theft system such as an immobilizer or vehicle recovery system, too.
If your car is stolen, contact the police immediately. Once you have the police report, you’ll need to contact your insurance company within 24 hours of the time it was stolen. If you find your vehicle before the police do, contact the police and your insurance company immediately.
Must Read
- Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and the simple steps to fix it ASAP
- Robert Kiyosaki begs investors not to miss this ‘explosion’ — says this 1 asset will surge 400% in a year
- Vanguard reveals what could be coming for U.S. stocks, and it’s raising alarm bells for retirees. Here’s why and how to protect yourself
Join 250,000+ readers and get Moneywise’s best stories and exclusive interviews first — clear insights curated and delivered weekly. Subscribe now.
Make sure you have the right insurance
Comprehensive coverage is the only type of vehicle coverage that will allow you to make claims for theft. If your car isn’t recovered or is totaled after it’s stolen, comprehensive coverage may pay out the actual cash value of the car.
Advertisement
While vehicle insurance doesn’t cover personal items that were in the car when it was stolen, your homeowner’s policy likely will.
The actual cash value of the car is what your car was worth when it was stolen after accounting for depreciation and the condition of your car. It will likely be below the replacement value of the car, and it may even be lower than your outstanding loan or lease balance.
If your car is relatively new, you may want to consider new car replacement coverage, which will pay out enough for you to replace your car with the same make and model. You might also want to consider getting gap insurance, which will pay off what you still owe on your loan or lease if the initial payout isn’t enough to cover this.
Your insurance premiums are likely to go up after a theft. But whether they do, and by how much, depends on your specific policy.
And, even if your car is recovered, its value may drop. This decision will be up to the insurance company, which will determine the amount of depreciation to assign to the car and whether to place a salvage title on it.
A salvage title is assigned when the insurance company deems the cost of repairing the car to be greater than the value of the car. This can happen if the car has been in an accident, vandalized or stripped of parts. You can choose to buy back your car with a salvage title, but it will be difficult to sell or finance — and will likely lose 20% to 40% of its value, according to Kelley Blue Book.
Car theft isn’t just inconvenient, it can be costly. But taking precautions as a buyer and making sure you have the right insurance can help.
You May Also Like
- Turning 50 with $0 saved for retirement? Most people don’t realize they’re actually just entering their prime earning decade. Here are 6 ways to catch up fast
- This 20-year-old lotto winner refused $1M in cash and chose $1,000/week for life. Now she’s getting slammed for it. Which option would you pick?
- Warren Buffett used these 8 repeatable money rules to turn $9,800 into a $150B fortune. Start using them today to get rich (and stay rich)
- Here are 5 easy ways to own multiple properties like Bezos and Beyoncé. You can start with $10 (and no, you don’t have to manage a single thing)
Vawn Himmelsbach is a veteran journalist who has been covering tech, business, finance and travel for the past three decades. Her work has been featured in publications such as The Globe and Mail, Toronto Star, National Post, Metro News, Canadian Geographic, Zoomer, CAA Magazine, Travelweek, Explore Magazine, Flare and Consumer Reports, to name a few.
