[ack fia]

In many states (including Taxachusettes) they collect sales taxes at the time of registration. Lets see, a 1965 Cobra is valued (no they don't take the sales reciept, they look up the real value) at somewhere north of $500,000. The taxes would be over $32,000.
Be my guest. Oh by the way, each year you also get an excise tax bill from your town based on the value.
Some of our great car guys got the SEMA based law passed this last year so for the next year we are in the clear if your car is titled as a 20XX replica of a 1965 Cobra.
Pat