[cruvon]

The bright yellow Lamborghini Gallardo coupe, with registration plates IMBRKE, was ostensibly worth $350,000

It appears BMW Finance failed to do even a basic ''REVS check'' - running its identification numbers through the Register of

Encumbered Vehicles - before handing over the hefty sum.

''[BMW Finance] took no active steps to satisfy itself that the vehicle in question actually existed or was locatable. In my view this was a risk-laden commercial enterprise,'' Judge Levy said.

''One cannot hire to another what one does not and cannot own. Yet this is what [BMW Finance] purports to have done in this case.''

http://www.smh.com.au/nsw/broke-and-...408-1d7q8.html