I have the opportunity to buy a scrap titled car that I would set up for racing. Here's the potential probem I see with this plan - I wouldn't be able to resell the car with a title if/when I decide to sell the car.

I'm thinking that in the case of an IT car, a buyer would be willing to buy the car with a copy of the scrap title and a bill of sale, since the scrap title could never transfer to an individual.

How did you folks handle such situations?