Motorweb:
Repossession Guarantee

Motorweb are delighted to announce their $100,000 Repossession Guarantee.

Should your vehicle be repossessed because it had a registered security (money owing), or is seized because it was flagged as stolen or of interest to the Police, and that information was available to Motorweb at the time but was not displayed on the VIR, Motorweb will compensate you up to $100,000, providing you meet the Terms and Conditions.

Over 600,000 cars in New Zealand have money owing. If you buy a car with money owing you run the risk of it being repossessed and losing the money you have invested.

What should I do if there is money owing?

Over 21,000 cars are stolen each year. If you buy a stolen vehicle it is likely to be seized by the police and it's unlikely that you will recover the money you have invested.