Man accused of selling car for $1,000 after getting a $500 loan
An Oklahoma man accused of using a loan from his auto mechanic to buy a car that had been repossessed is being held on $500 bail, police say.
Timothy Lott, 40, of West Lawrence, was arrested on Wednesday after the Oklahoma City police department received a tip that he was selling a 2008 Mazda 5C, which was repossessable.
The officer stopped Lott in a parking lot and asked him if he knew where the vehicle was stored, but Lott refused to answer the officer’s questions, according to Oklahoma City Police Department spokesman Lt.
The detective asked Lott to identify the vehicle and he did, police said.
Lott said he did not know where the car was stored and he was not able to explain how it had been stolen.
He was arrested for the car’s sale, and the loan was seized, police added.
Lott has a history of theft and was convicted in 2004 of grand theft auto and resisting arrest with violence.
He served more than two years in prison.
Police said Lott is not allowed to have a firearm, have any outstanding warrants, have a criminal history and is under a court order to stay away from minors.
He also cannot possess more than five guns, which are allowed in Oklahoma, police wrote.