Value and VIN
11-21-2018, 04:38 PM
#41
Race Director
On a restomod with new frame and motor, a state assigned VIN shouldn't negatively affect anything and is probably better as it has been blessed by the State. having it registered as a new car with emissions requirements may, but hey, you are in CA, legally you have to meet the emissions requirements of that 2001 LS motor you put in your stock frame 1960 corvette...
Again, with a restomod, and new steering column, you are going to have to remove and relocate factory VIN anyway, which opens you up to the same issues you have here, you aren't going to fool anybody epoxying a '61 VIN tag to an Ididit steering column if question of pedigree ever arises.
Doug
Again, with a restomod, and new steering column, you are going to have to remove and relocate factory VIN anyway, which opens you up to the same issues you have here, you aren't going to fool anybody epoxying a '61 VIN tag to an Ididit steering column if question of pedigree ever arises.
Doug
I'm trying to be measured in my discussion of this because it's not my car and I don't want to send up a red flag on an internet forum. I apologize if anyone thought I was intentionally misleading or being too vague.
He asked me to do the restoration which was already started by someone else who became ill. I put the brakes on the whole thing by asking basic questions first like "Let me see the title" and "Where's the VIN tag" when I didn't see it on the steering column near the master cylinder. I'm not new to this. And I know better than to proceed on anything before clearing title issues. And that's where I am right now. He has a title, and he has a car. And like I said, the two don't connect. The sad part is (and I haven't been able to confirm this) he claims he paid $50,000 for the car at the estate sale. Even before his friend, who was going to restore/restomod it, took it apart it wasn't worth near that. As far as the VIN on the engine pad goes, it's got an NOM so no help there.
The title to this thread isn't misleading. My concern is after spending hundreds of thousands making a restomod out of a car with a potential reassigned VIN is the value of a restod C1 as negatively effected as an original C1 restored with a reassigned VIN. Me personally? I would walk away from any potential purchase of a C1/C2 with a reassigned VIN.
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He asked me to do the restoration which was already started by someone else who became ill. I put the brakes on the whole thing by asking basic questions first like "Let me see the title" and "Where's the VIN tag" when I didn't see it on the steering column near the master cylinder. I'm not new to this. And I know better than to proceed on anything before clearing title issues. And that's where I am right now. He has a title, and he has a car. And like I said, the two don't connect. The sad part is (and I haven't been able to confirm this) he claims he paid $50,000 for the car at the estate sale. Even before his friend, who was going to restore/restomod it, took it apart it wasn't worth near that. As far as the VIN on the engine pad goes, it's got an NOM so no help there.
The title to this thread isn't misleading. My concern is after spending hundreds of thousands making a restomod out of a car with a potential reassigned VIN is the value of a restod C1 as negatively effected as an original C1 restored with a reassigned VIN. Me personally? I would walk away from any potential purchase of a C1/C2 with a reassigned VIN.
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11-21-2018, 04:47 PM
#43
Race Director
Thread Starter
On a restomod with new frame and motor, a state assigned VIN shouldn't negatively affect anything and is probably better as it has been blessed by the State. having it registered as a new car with emissions requirements may, but hey, you are in CA, legally you have to meet the emissions requirements of that 2001 LS motor you put in your stock frame 1960 corvette...
Again, with a restomod, and new steering column, you are going to have to remove and relocate factory VIN anyway, which opens you up to the same issues you have here, you aren't going to fool anybody epoxying a '61 VIN tag to an Ididit steering column if question of pedigree ever arises.
Doug
Again, with a restomod, and new steering column, you are going to have to remove and relocate factory VIN anyway, which opens you up to the same issues you have here, you aren't going to fool anybody epoxying a '61 VIN tag to an Ididit steering column if question of pedigree ever arises.
Doug
11-21-2018, 04:58 PM
#44
Team Owner
Member Since: Aug 2008
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St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17-'18-‘19-'20-'21-'22-'23-'24
If you are going to park the car, you pay $5 for a "Planned Non Operation" (PNO) registration and the DMV is happy. But you can only do that before the fact. When this guy goes in and says, "I've had this car for three years and would like to register it now" the DMV will say, "No problem, jump through these hoops and pay the back registration for each year plus a hefty penalty." When the owner says, "But I didn't drive it" the DMV will say, "But you didn't get the PNO up front, so pay up." California does require that you register a newly acquired vehicle pretty quickly--I think it's 10 or 20 days from the date of purchase.
11-21-2018, 05:11 PM
#46
11-21-2018, 05:33 PM
#48
11-21-2018, 06:01 PM
#49
Race Director
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C1 of Year Finalist (performance mods) 2019
Then how do the manufactures get away with selling bodies in white to race teams? There are LOTS of cars out there, never intended for highway use, sold thru the dealer networks on bill of sale only because they are only partial builds and do not have VINs. Hardly a federal offense.
A body in white is an incomplete vehicle or another way to put it would be a bunch of assembled parts and by this definition is NOT a vehicle.
Yes, there are a lot of cars out there never intended for highway use and stated so when sold new as not meeting FMVSS. These were factory type race cars such as Mopar A990 cars and 1968 SS Hemi Darts and Cudas to name a few. Most were sold from the dealers just passing the (MSO or MCO depending on the time frame) and not titled. However don't confuse titling with registration. A car that was not built for highway use due to not meeting FMVSS CAN be titled BUT not legally registered (read--licensed for street use.)
Last edited by 68hemi; 11-21-2018 at 06:03 PM.
11-21-2018, 09:18 PM
#51
Team Owner
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The owner might have a cause of action against the executor/administrator if fraud was involved, but that seems unlikely, since the executor/administrator probably had little real knowledge about the car.
11-23-2018, 01:23 PM
#52
Racer
Acquire the "donor" car (with title) and make the resto-mod. Your done.