Here's a kid who needs his fancy car replaced with an old, one-speed bicycle. The King County Journal reports:

Bellevue police Tuesday arrested a 17-year-old Sammamish resident they suspect of trying to work an insurance scam aimed at junking his 2002 BMW M3 so he could upgrade to a new Bentley. According to police spokesman Michael Chiu, the teenager reported his BMW stolen..But early Tuesday morning, police in Snoqualmie found the car...and arrested four young men...stripping the car...they implicated the Sammamish resident, who they said wanted his BMW stolen and stripped so he could collect insurance money and buy a Bentley.

...A 2005 Bentley Continental GT coupe, with a 552-horsepower engine and a top speed of 190 mph, runs about $159,000. A 2002 BMW M3 sells used for about $42,000.

A 17-year-old kid ends up with a 2002 BMW because mom and dad have already traded up. Whoa, Ech. Cars, cell phones, same deal. It's all disposable.

Posted by Matt Rosenberg at April 22, 2005 09:55 AM