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> Five project 914s, No Titles. Options?, Bill of sale, roller, title, bonded title.
CBee
post Jul 11 2019, 04:46 AM
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From: AVL,NC
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I've been searching for a roller to do a E.G. 33 swap and have a line on 5 potential cars.

3 in GA , selling on Bill of sale only.
As I understand it, they can be sold on Bill of sale and can continue to be tagged there. I live in NC.

2 in NC , a disassembled project with a NC title, and a parts car that comes with it.
All are under a time crunch and need to move by August.

A bonded title may be an option, though I don't know much about how much $ is involved.
I'm also seeing the option of registering though VT and then turning in that document to NC DMV to generate a title.

I understand the VT DMV wants the tax value of the car based on NADA.
I see a $12k value of low retail, and a high retail of 29k!
All these cars are going to be rough, non running rollers at best, so that tax value doesn't seem really accurate to their condition.

Has anyone got any experience with generating a title ?

I kick myself remembering my very well modified '72 2.0 from 12 years ago.
Traded it to a friend when I stalled on a project and had no where to store it.
Smooth Move!!
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flyer86d
post Jul 11 2019, 11:03 AM
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I live in Vermont so maybe I can lend some insight. Yes, the DMV collects 6% tax on the NADA high book value at the time of registration. The way around it is to have a licensed VT dealership fill out a form attesting to the true value of the car based on condition and the estimated cost to bring it up to the blue book value. I think you can get the form on the VT state website. You would then pay tax on the true value of the car. It takes some legwork.

When I moved to Vermont 19 years ago, they tried to tax me on their value of my 356 and my 73 911 even though I had already paid tax on them to NewJersey when I purchased them many years before. Well, I simply didn’t register them in Vermont and kept the NJ registration. They tried to collect tax on my Beech Bonanza when I moved here and tried again when I sold it! I had paid tax on it to NJ when I purchased it. They are greedy bastards here in Vermont. I haven’t been afraid to tell them so but it hasn’t made a difference.

Charlie

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