I purchased a CSX6000 series from the personal collection of Bill DenBeste, who had already registered the car as a 1965 Shelby Cobra.
Quote:
Originally Posted by mrmustang
Brian,
If the car has already been titled in another state, Vermont will take the existing title and VIN at face value. If you are doing a first title and registration from a MSO, then VT is a very friendly and easy state to get this accomplished. Just call the DMV and have them send you the packet for the initial paperwork and follow it to the letter. Don't over think it and then get yourself wound up, forget about what one state or another outside of yours will do down the road.
Bill S.
PS: if the car is already titled, remember, the VIN is now in a national database, not just a state database. In other words, be wary of anyone who attempts to talk you in to VIN tampering.
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As Mr. Mustang advised, VT took the previous title and VIN at face value. That was the
good part.
The
not so good part. Ignoring the Bill of Sale, VT DMV valued the car at nearly ten times the purchase price based on NADA / KBB. So, I was faced with a huge sales tax bill [this is the land of Bernie Sanders after all].
I tried to explain the difference between a 3000 series car and 6000 car. I had reference material from Hagerty etc. Even more, I had the results from the pre-purchase inspection and appraisal. DMV ignored those because the PPI and appraisal were not completed by “a registered VT dealer.” So, my first attempt at registering in VT was a failure since I was not about to pay sales tax on the value of a 3000 series car.
I had to find a VT dealer to appraise the car. I didn’t even know where to start, so I went to the local Ford dealership. The Ford dealer had no idea how to appraise the car and did not want to risk running afoul of the DMV by trusting my documentation. Similar result from the other new car dealerships in my area.
I eventually found a dealer that deals only with classic cars. He understood my situation and was willing to perform the appraisal.
So, armed with an appraisal from a VT dealer, I was able to complete the registration of the car. And I paid my sales tax, which was still considerable. Just nothing what the tax would be on a 3000 car….
A couple of additional details that might interest someone seeking a VT registration and title in the future. VT uses the National Crime Information Center (NCIC) codes for title and registration.
Make: SHEB (Shelby American)
Model: CSX
One other thing which I appreciated. The DMV provided me with a copy of my car’s profile in the National Motor Vehicle Title Information System (NMVTIS) so that I could verify all the title info.
Again, thank you to everyone on the forum here for their many insights and particularly those here that contributed to this thread. Definitely helped me to proceed with some peace of mind that I knew how to approach the registration process.