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I'd make sure about the title. The line " absentee neighbor" make me nervous.
Just curious...what is a "title". I've heard the term befor but neve new what one is for or what on looks like. In Canada we have a registration. Your licence shows who is licenced to drive, your registration shows who owns the car you're driving and where they live. What would the title show?
Down here, we have a "title" as well as registration. The title is a certificate of ownership, whether or not it's currently registered. It also shows a lien holder (ie, the bank), if there is one. If you don't have a title when it comes time to sell, you're screwed.
OK. Just an extra document. Any lein on a car in Canada will be listed on your insurance renewal papers. When it's time to renew your insurance for another year, the ins. co. sends you your pink slip (insurance card) along with your papers (what you are insured for, how much each option costs etc.). On the paperwork you see who really "owns" the car or who gets paid first in a wreck. The leinholder (bank) will be listed until the car is paid off. When you sell the car, the DMV will check (along with the bank if the buyer is financing the purchase) for a lein, or a buyer can also just ask to see your last insurance renewal. Does the title have to be registered? Does it show the first owner or all the owners or just the current? If it shows all the owners, I'd love Canada to adopt a title system.
Like a previous member said if the car has been north have it fully inspected.I have a friend in canada who has had his 69 for many years and has spent a lot to repair the frame from rust and rust.Good luck.
I'd make sure about the title. The line " absentee neighbor" make me nervous.
Otherwise go for it!
Here in AZ "absentee neighbors are common. Lots of "snowbirds" from colder climes have winter vacation homes here. The value of that car will depend a bunch upon how it's equipped and, as already mentioned, it's condition. Based upon the info in the ad, and assuming that there are no major structural problems, I would expect to spend at least double the asking price to restore it. In any case, I wouldn't consider it at any price without inspecting it myself (or having someone I trust to inspect it for me).
Titles are not required in all states and are administered differently in each. Alabama has no titles before 1975, Georgia does not require a title after 10-15 years, Tennessee has titles back to the 30s-40s I believe. I would inquire about the title, but it's probably OK.
Even with a cancer frame that car should be worth the $8500 in a heartbeat. Unless there is something I can't see, I'd buy that one easy.