A car stolen from Drouin last week has been found 190 kilometres away in the dam on a Bairnsdale farm.
A Mitsubishi Magna Sedan was stolen from the driveway of a Clifford Drive house overnight last Monday.
Police located the vehicle after it had been driven through a fence of a rural property in Bairnsdale.
Police say the vehicle was used to perform donuts in a paddock before the car was driven into a dam on the property.
Drouin Police are still on the lookout for potential suspects and urge residents who know anything about the incident to come forward.