Investigators believe a black Isuzu ute, which was reported stolen from Echuca earlier in the week, accounted for one of the burnt-out vehicles.

Police said it was discovered at Bickley Road, Myola, about 1pm yesterday.

Another burnt-out vehicle was found about 100 metres north of the Toolleen Hotel earlier that day, about 4am.

Police believe the vehicle was a Holden Commodore, and was not listed as stolen.

However, Echuca Sergeant Justin McAuley said investigators were unsure of its current owner.

It is not yet known whether the two burnt-out vehicles are connected. 

Police have urged anyone with information to call either the Echuca Police Station on 5483 1500 or Crime Stoppers on 1800 333 000.

To make a confidential report online, visit www.crimestoppersvic.com.au