Catalylic Converter Theft
01-15-2009, 07:04 PM
#1
Members
Thread Starter
Join Date: Apr 2008
Location: Chicago,IL
Posts: 91
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2004 530i,Titanium silver,cold weather package
Hey guys watch out for the new crime wave sweeping across america.Just brought my wife a used 2002 BMW X5 for Christmas,and about two days ago some DUMBASS cut the catalylic converter off.Insuarance com wont't cover the lost,and BMW wanted $1400 to install new.This blows big time,come to find out the converter has platinum,and rhodium in them.Scrap yards here in Chicago are getting are $1700 an ounce for platinum,and around $5900 an ounce for rhodium,while the crackheads stealing them are only getting $50-$100 a pop for them.Must of used an battery-powered saw,cause it's like -5 outside . 
01-16-2009, 12:19 AM
#2
Members
Join Date: Dec 2008
Location: Sweden
Posts: 94
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2005 525i M-style Carbon Black with almost
Model Year: 2005
This is the strangest theft I?ve herd about.
Here in Sweden they steal airbags and headlighs. But to cut away the cats is not heard of (yet).
Here in Sweden they steal airbags and headlighs. But to cut away the cats is not heard of (yet).
01-16-2009, 05:37 AM
#3
Senior Members
Join Date: Jan 2008
Location: Glendale,AZ/ Los Angeles,CA
Posts: 2,923
Likes: 0
Received 0 Likes
on
0 Posts
sorry to hear that bro I kno its a pain in the ass....they stole out it off my mom's Navigator...luckily it was not too complex on the Lincolns we got a break on the price
01-16-2009, 06:07 AM
#4
Contributors
Join Date: Jun 2008
Location: Saskatchewan Canada
Posts: 2,696
Likes: 0
Received 1 Like
on
1 Post
My Ride: 2004 530i
premium package/active steering/auto sunshade/tiag/black dakota leather/logic 7
35% tint all around
19' DPE GT7
Well look at it this way for $1400 you might as well go aftermarket (there are some nice aftermarket exhaust systems for X5) and now you have a good excuse.
where are the cats located on the V8's? cuz on the I6's it would be near impossible to steal cuz they are basically part of the headers right beside the engine.
where are the cats located on the V8's? cuz on the I6's it would be near impossible to steal cuz they are basically part of the headers right beside the engine.
01-16-2009, 06:29 AM
#6
Contributors
Join Date: Sep 2007
Location: South Florida
Posts: 1,921
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2008 535i w/ Sports & Permium Pkg. Silv/Blk
2008 VW R32 w/Nav.
1992 VW Corrado Silv/Blk-retired
2001 530i Sports/Premium-retired
01-16-2009, 06:31 AM
#7
Senior Members
Join Date: Nov 2008
Location: Sleaford, Lincs, UK
Posts: 1,025
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: E60 530d M-Sport
There has been a spate of cat thefts here in the UK where I live, easy money, easy BIG money, they could combat this by simply reducing the cost of them to buy IMHO if they really wanted to.
01-16-2009, 12:42 PM
#8
Contributors
Join Date: Apr 2007
Location: Detroit, MI
Posts: 168
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by mos12osut' post='769108' date='Jan 15 2009, 11:04 PM
Hey guys watch out for the new crime wave sweeping across america.Just brought my wife a used 2002 BMW X5 for Christmas,and about two days ago some DUMBASS cut the catalylic converter off.Insuarance com wont't cover the lost,and BMW wanted $1400 to install new.This blows big time,come to find out the converter has platinum,and rhodium in them.Scrap yards here in Chicago are getting are $1700 an ounce for platinum,and around $5900 an ounce for rhodium,while the crackheads stealing them are only getting $50-$100 a pop for them.Must of used an battery-powered saw,cause it's like -5 outside .
01-16-2009, 03:48 PM
#9
Members
Join Date: Dec 2008
Location: Sweden
Posts: 94
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 2005 525i M-style Carbon Black with almost
Model Year: 2005
Originally Posted by bigwill222' post='769722' date='Jan 16 2009, 10:42 PM
I guess I'm a little surprised that the insurance company wouldn't cover it. To me, it seems the same as if someone stole your wheels from your car. Typically, they will cover wheels, why not the converter?
Better to claim that they took the radio antenna together with the cat.
Shou?d be a black list world wide to protect us against this kind of insuranse companies.
