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Discussion Starter · #1 ·
what is the downside of buying a race car with no title? I can't think of any reason why it would really matter, but shed some light if i am missing something.
Is the value less because of no title??
 

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Kelly's Nightmare
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as long as you get a clean bill of sale to prove the car is not "hot/stolen" then it's all good as far as i know.

check the Vin with the Local PD to make sure nothing comes up that may cause you problems later.
 

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less value...yes
depends how far gone, if the vin numbers are there u can still get an ownership which is usually not that big of a deal depending on your state
 

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Motorboatin SOB
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Value goes down...make sure to ask why it doesnt have a title.

Get a bill of sale signed by you and the seller...might be able to get a new title in your name as long as its not stolen lol.
 

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If you REALLY want to title it later you can do it as a salvage vehicle. Or, buy another of the same type of car as a junker for cheap. Use the Vin number off that. I have done both successfully. (in NY State)
 

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Discussion Starter · #9 ·
If you REALLY want to title it later you can do it as a salvage vehicle. Or, buy another of the same type of car as a junker for cheap. Use the Vin number off that. I have done both successfully. (in NY State)
i can't think of why i would need a title other than resale and not having to go through the process of explaining why it doesn't have a title.
if i decide i want a title i will do what you said.
 

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The more of a race car it is, the less it will matter. Like some others have said, it would be easy to get some kind of a title later if you wanted to just to help you sell it.
 

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If it's strictly a track car then a bill of sale should suffice. Tube chassis cars may have a serial # from the constructor but they don't have VIN's.
 
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