Quote:
Originally Posted by anthonyL
Vintage motorsports is about two weeks away from completing my new Backdraft cobra, i'm trying to figure out whether I should title this vehicle in the state of Florida where I have a vacation home or title it in the state of Ohio which is my primary residence. I registered my last backdraft in the state of Ohio and it was titled as a 2011, I've since sold my last cobra to the second guy that looked at it but the first guy would NOT buy my car because it was a 2011 (he lived in Chicago) ... I know in Florida it can be titled as a 1965 roadster replica so my plan was to register it in Florida originally and then a couple months later transfer to an Ohio title. I was doing some research and found out that the state of Ohio could possibly change the way my Florida title reads. It's going to be a pain in the ass for me to title this car in Florida and then transfer it to ohio, and then possibly still have my ohio title read 2014 so I'm just wondering why does the way the title reads make a difference on the value of the vehicle? Even though I think it would be really cool for my title to read 1965 I'm just wondering is it worth all the hassle I have to go through just so a piece of paper (title) that I keep in my safe says 1965 on it? My car is not going to drive any better or look any nicer because of what the title reads. Any Thoughts or insight would be great  |
I've personally owned 24 Cobra replicas now, conservatively, brokered another 130+ deals......Does the way a replica is titled hurt resale, only if you are selling a car in to France (the French will not buy a car titled as anything but a 60's vehicle as it helps them with import fees, emissions, inspections, etc), otherwise, there is no correlation as to how a Cobra replica is titled vs it's value at time of resale.
Some people (such as the guy from Chicago) have been fed a line of crap about not being able to get a car through inspections (Mass and CT this could be true on a used Cobra replica, but not 100% certain), but Illinois is not one of those states. Most likely he wanted an excuse to not buy it, or was trying to see if you would drop your price to make the sale.........
Bill S.