The latest and most peculiar in automotive theft might leave you with a very large repair bill. It isn’t the car they’re stealing, the stereo system, or even the contents like: iphones, wallets, or spare change.
Believe it or not, crooks are stealing the car’s parts this time. Specifically the catalytic converter. Experts say that the thieves are stealing the converters and turning a profit based on the small amount of precious metals the converters contain. Platinum, palladium, and rhodium are all possible elements of the converters composition.
Larger vehicles are at an increased risk of this type of theft, because thieves don’t need to use a jack to get under them. It only takes an average of 3 – 5 minutes, depending on the model of vehicle, to free the converter from the underside of a vehicle. Especially when you aren’t worried about damaging the other parts of the vehicle.
Some victims have reported extra repair costs due to cut fuel lines and other incidental damage. Criminals are only making a couple hundred dollar profit per part, while victims are left with a several hundred dollar repair bill.
The best way to safeguard your vehicle is to park it in a public location, get an alarm system, and possibly weld the converter on the the car. However, a thief faced with this sort of opposition may cause some damage to the car based on frustration.
It is certainly an odd sort of crime. Hopefully none of us have to experience this irritating and costly sort of vandalism and theft.