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I have a 67 GTO clone pro street car I will be selling soon. The title is still in the persons name that I bought the car from 13 years ago. I never registered it. I just want to transfer the registration from their name into mine. I don't want to have to put insurance on the car as it will not be driven. I will pay whatever taxes are due. The title is signed by the seller but I haven't signed it yet.
I have a 67 GTO clone pro street car I will be selling soon. The title is still in the persons name that I bought the car from 13 years ago. I never registered it. I just want to transfer the registration from their name into mine. I don't want to have to put insurance on the car as it will not be driven. I will pay whatever taxes are due. The title is signed by the seller but I haven't signed it yet.
Most states require notrised seller signature and proof of insurance
Check with local DMV
Depends upon state laws. in Texas you can file for title only, and register later.
this avoids insurance hassle, to only change title.
I get that title in my name before i spend a dime on the car.
to protect yourself, and investment.
Depends upon state laws. in Texas you can file for title only, and register later.
this avoids insurance hassle, to only change title.
I get that title in my name before i spend a dime on the car.
to protect yourself, and investment.
I have the car 13 years. It is almost done at this point. I had I checked and it was fine.
Sorry, but here in good ole N.Y. state you have to have an Insurance I.D. card (proof of insurance) to register your vehicle. That's the only way you're going to get title to that '67 GTO. And hopefully when the previous owner signed the registration (which for a '67 is transferable), he didn't fill in the date. If he did you're going to have a lot of extra work ahead because the DMV won't accept it because it was too long ago. I believe it has to be within the last 6 months, but don't quote me on that. So if it's just signed, you should date it and fill in your name. Then go to the DMV and keep your mouth shut and don't offer any extra information. You'll also need to write up a bill of sale to go with it because they'll want to know what you paid so they can get their sales tax. Good luck and hope it all works out for you. I had to do the same thing for a mobile home so I could get a title. Just put insurance on the GTO and then after you register it, turn the plates in a few days later and cancel your insurance. You'll get your insurance premium back minus the 2 or so days you had it insured.
Duane
P.S. Let us know how you make out with the registration.
Last edited by Duane4238; Feb 10, 2017 at 07:51 PM.
Reason: addition
Sorry, but here in good ole N.Y. state you have to have an Insurance I.D. card (proof of insurance) to register your vehicle. That's the only way you're going to get title to that '67 GTO. And hopefully when the previous owner signed the registration (which for a '67 is transferable), he didn't fill in the date. If he did you're going to have a lot of extra work ahead because the DMV won't accept it because it was too long ago. I believe it has to be within the last 6 months, but don't quote me on that. So if it's just signed, you should date it and fill in your name. Then go to the DMV and keep your mouth shut and don't offer any extra information. You'll also need to write up a bill of sale to go with it because they'll want to know what you paid so they can get their sales tax. Good luck and hope it all works out for you. I had to do the same thing for a mobile home so I could get a title. Just put insurance on the GTO and then after you register it, turn the plates in a few days later and cancel your insurance. You'll get your insurance premium back minus the 2 or so days you had it insured.
Duane
P.S. Let us know how you make out with the registration.
The car comes from Illinois and it is a title, not like the regi type in NY. It is signed and not dated. I planed on the bill of sale part. I will just get the ins for a day or two. I don't tell them anything. Thanks for the answer. I knew NY would make it a little harder.
I always laugh at the sales tax on these cars. It was probably sold a few times before I got it and the amount of sales tax paid over the years is probably more than the car was new.
If the original title was signed over to you (and properly notarized), just take it and the bill of sale to your local BMV and tell them why you didn't get it registered originally.
There should be no problem getting a registration....but you MIGHT have to pay taxes on it for the 13 years you've had it and DIDN'T pay taxes. And that will depend on the state in which you live.
If the original title was signed over to you (and properly notarized), just take it and the bill of sale to your local BMV and tell them why you didn't get it registered originally.
There should be no problem getting a registration....but you MIGHT have to pay taxes on it for the 13 years you've had it and DIDN'T pay taxes. And that will depend on the state in which you live.
The title isn't dated. Why would I pay taxes for 13 years. It is just sales tax on the car.
540Vette is in N.Y. state. Here you pay sales tax on the amount of the purchase, not on the number of years you've owned it. He'll probably pay about 8% on the amount that's on the bill of sale.
Make sure you have a bill of sale going into the DMV. If you don't, they may look up the value in their book of values, and that isn't always fair. As I said before, if your paperwork doesn't have a fairly current date on it, look out! They'll want you to get a new seller signature that is current. Whatever you do, don't tell them how many years ago the seller signed the title. You'll only be asking for trouble.
Duane
In MA, if you delay titling a car for an extended period of time, they will not only charge the sales tax but also the excise taxes for the years it's been in the state without a title. Since the title in this case isn't dated, they wouldn't know to charge the excise so it shouldn't be a problem even if NY has the same practice.