title question for 73 corvette
Thread Starter
Intermediate
Joined: Feb 2011
Posts: 48
Likes: 3
From: acworth ga
title question for 73 corvette
Hi all,
I'm new to this forum and I have a question regarding the title for a 73 I'm interested in buying. It's a 73 coupe with a 350 with auto trans.
Car is in good running cond. but needs front bumper cover and paint job on whole car.Asking price is $6.500. Car is sold with bill of sale only
which I have no problem with. If I decide to sell the car a year or two down the road after restoring it will I lose money by not having a title?
Thanks and I'm sorry if this question is in wrong place.
I'm new to this forum and I have a question regarding the title for a 73 I'm interested in buying. It's a 73 coupe with a 350 with auto trans.
Car is in good running cond. but needs front bumper cover and paint job on whole car.Asking price is $6.500. Car is sold with bill of sale only
which I have no problem with. If I decide to sell the car a year or two down the road after restoring it will I lose money by not having a title?
Thanks and I'm sorry if this question is in wrong place.
Drifting
Joined: Jul 2008
Posts: 1,483
Likes: 459
From: Lititz PA
Where are you located??? In PA we need a title in order to register and pay the tax. Does the car have a "Salvage" title? I think you should call your local DOT or Title Notary. Don't give any money until you fully understand what your state law requires.
Thread Starter
Intermediate
Joined: Feb 2011
Posts: 48
Likes: 3
From: acworth ga
Hi john.
I live in Georgia and it's legal to regester any car of that year without title. You do need to have the car inspected by the local Sheriff's office for VIN and it must be road worthy. You can then regester and tag the car. I'm just wondering if it would be worth less after a restoration without a Title.
Thanks for your responce.
I live in Georgia and it's legal to regester any car of that year without title. You do need to have the car inspected by the local Sheriff's office for VIN and it must be road worthy. You can then regester and tag the car. I'm just wondering if it would be worth less after a restoration without a Title.
Thanks for your responce.
Race Director
Joined: Sep 2004
Posts: 11,874
Likes: 263
From: Arlington Va Current ride 04 vert, previous vettes: 69 vert, 77 resto mod
titles are worth the money.....bills of sale are ok for cars to be stripped or made into vintage racers....thats all.....a good deal with no title is in the end not a good deal.....make them get the title then buy it
Last edited by bobs77vet; Feb 26, 2011 at 05:56 PM.
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Safety Car
Joined: Jun 2004
Posts: 4,652
Likes: 80
From: Lakeland Florida
Hello
I think you got the answer to your question. If you are going to buy the car to restore it and resell it, then you will have the new buyers asking the same questions you have now. And to put the money into restoring the car, and then trying to resell it with only a bill of sale may cause many people, me included, to look elsewhere.
kdf
I think you got the answer to your question. If you are going to buy the car to restore it and resell it, then you will have the new buyers asking the same questions you have now. And to put the money into restoring the car, and then trying to resell it with only a bill of sale may cause many people, me included, to look elsewhere.
kdf
Safety Car
Joined: Sep 2007
Posts: 4,458
Likes: 331
From: Indy Indiana
do your research and see what the car would sell for with title and then offer him 50% of that.. if you want to do the title aquisition yourself.. there are services out there that will eventually get you a title via ethical and unethical ways to acquire the title.
bottom line is if the seller does not have a title then he has to take the price hit on the car.. if he really owns the car he will realize that he can get lots more money for the car if he has a title. but if he is just being lazy, then he has to take the price hit.. or hope for a ignorant buyer.
if you are interested, then tell him you are interested but to call you when he has a title.
bottom line is if the seller does not have a title then he has to take the price hit on the car.. if he really owns the car he will realize that he can get lots more money for the car if he has a title. but if he is just being lazy, then he has to take the price hit.. or hope for a ignorant buyer.
if you are interested, then tell him you are interested but to call you when he has a title.