Anybody with Scrap Titled Race Car?

[high_rpm]

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?

[JohnRW]

90% of the experienced racers here will say "What's a title ?".

You're obsessing. We all have race cars that we don't have a clear title to. Some race cars never had titles ("where's the MSO on that Formula Vee, dude ?").

Salvage title cars = perfect race cars.

[GKR_17]

Show me the CarFax (just kidding)... no title needed on a racecar. Could even use a 'clunker' in theory, once you fix the engine...

[lawtonglenn]

What's a title ?

[CRallo]

the name of a book

[EV]

<hand up> My car has a salvage title

[high_rpm]

So you guys have been able to sell your race cars without any problems?

Because I can always wait for a salvage title car to come across instead of a scrap title...

[Florida Fiesta]

I bought an ITC Fiesta and the guy gave me a really old title with it... I Didn't think much of it, then opened it up and saw it was registered last to Randall Pobst. Do you think Randy will claim this car is still his?

[lateapex911]

Did he sign the titel to transfer it over to the next guy?

And no, Randy's driving some juicy stuff these days, he's never going to claim an old ITC car. He might BUY it from you for emotional reasons, though! Snap a pic, and hit a pro race and show it to him. He's been a great guy when I've talked with him, and I bet he'd get a chuckle!

[Chris Taylor]

The only racecar I've ever sold I never got a title for and the buyer never asked.

My dad's racecar DOES have a title and was street driven until 2003 or so, then we got serious and they started smog testing here, so we put a fat exhaust on it and I stripped some of the light wiring out of it. Horn still works though! Real handy for track days and passing newbies in tricky corners.

[ITC Racer]

If buying a racecar without a title but with a signed bill of sale, could a previous owner come after you for 'stealing' their car?

[seckerich]

Look in the back of your log book. There is a place to transfer ownership if you sell. Unless you go to register it for the street a title is not of much use.