why minus the last bit....?
it's the perfect way out... get to keep parts, and car gets disoposed of for you.
of course there will be fines, fines, fines, impound and towing charges, fines, possibly a slight beating, fines and you will be forced to buy the car back later on anyway, loss of license, fines, possibly jail time and more fines....
apart from that it's the perfect crime