I bought my TR250 without a title, I restored it then got it titled. While I
would be leary of buying a car without a title again,I would certainly consider
it if the deal was good enough. However, I would never restore one first and
then see if I could get it titled
Seller said he could get a title for it, then flaked out. I restored the car
and took the bill of sale to get it titled, the local DMV hemmed and hawed and
ultimately said I would have to go to the state DMV to get a bonded title.
Basically bond company guarantees value of the car if rightful owner comes
forward. You are still liable, but if car is gone and you are judgement proof
they will pay
Anyway state DMV does a search on the VIN number, plus you have to send a
letter to last owner of record, if any asking them to say they no longer own
the car, my certified letter came back undeliverable, that was good enough for
DMV, but they came up with another of it being registered in Alabama, which was
enough for them to refuse to give me even a bonded title (as an aside I think
the Alabama registration was an attempt by the seller to start the process of
getting it titled, this was a few years back) Anyway a very nice lady from the
Alabama DMV said they would not title a car so old and put that in an email to
me.
I got the bond and with the returned certified letter and email from Alabama
DMV they let me title the car. The bond cost a couple hundred bucks, I think I
valued the car a little low even for the time at $12,000 or something in the
low teens, after a few years if nobody comes forward you get a regular title
issued, buy you have to initiate it.
Have fun!
There may be better ways than bonded, but bonded does work, I believe it is
available in most states.
Greg Lemon
TR250
---- Chris Simo <ccsimonsen at gmail.com> wrote:
> I hope I don't regret this.....
>
> I was put in contact with a gentleman with 2 TR3a projects that he feels he
> will never finish. They come with the parts he had been accumulating
> including an OD and various tools, hoists, etc.
>
> One is completely disassembled and in boxes. Frame was restored but that
> is it. no floors and body is in two pieces front half from one car and
> rear half from another..... Paint is ratty and tatty. new floor pans and
> sills come with it.
>
> The other is still on frame but fenders and doors are inside the car.
> Paint ratty and tatty as well -- dont' know about the chrome....
>
> Cars are out of state and my triumph club friends are going to make a road
> trip with me to retrieve the cars and the parts that he had purchased to
> restore one of them.
>
> Based on the condition of the cars, I doubt very seriously if they were
> stolen, but one never knows.
>
> I'm not super worried about the physical condition of the cars, I think I
> have seen worse and recovered..... If they are beyond repair upon
> receipt, the parts, OD, and body panels cover what I'm paying.
>
> Here's the rub.
>
> He no longer has the titles for the cars and they were not in his name.
> I'd like to make these runners vs parting them out. he was able to find a
> bill of sale for one, but titles tend to override those...
>
> Do I simply call the DMV and ask to run the VIN numbers or is there a more
> involved process? I'm in north Carolina.
>
> Any suggestions on the best course of action here?
>
> Thanks
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