This glitch allows you to permanently “borrow a persons car and own it.
How to do this:
1. First, borrow a friends car. Delete GT5 game data, it’s the first folder in the Game tab in the XMB
2. Start GT5, refuse to download the patches
3. You should own the borrowed car BUT select a different car in your garage
4. Install patches and enjoy!
Pros of this glitch:
1. The original owner keeps the car and you get a copy of it
2. There’s no types of trade caps
Cons of this glitch:
1. Time consuming
2. DELETING GAME DATA does not REMOVE ANY DLC
~~~~~~~~~~~~~~
This works with ANY car
FAQ:
Q. Does removing the game data affect game progress?
A. No
Q. What does the game data contain?
A. Certain DLC’s, tracks, patches, cars, pretty much the entire game except your save data
Q. Does this work with DLC?
A. No, DLC cannot be borrowed
Q. How much time can this take?
A. The final update process can take anywhere from 30-60 minutes, in total about 1 hour per car
The average delete time for game data is about 5 minutes
Q. How many times can I do this?
A. As much as you want until your fingers hurt
Q. Can you borrow more then one car at once?
A. No, you can only borrow one car at a time
Q. Should I re install the game afterwards?
A. No, it just adds more time if you want to glitch again
Source : http://www.gtplanet.net/forum/showthread.php?t=217155
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