Not to me . There really is no difference in a 1 owner car and 2 owner car , if the car is original . Others may not agree .

 

Originality counts to me not how many owners it had :anim_25:

 

I live in Pennsylvania so I don't know how things work out there...

You can't register a car unless you're the owner so the title must be transferred. Otherwise a person could go to a notary with someone else's VIN info and get a plate.

If you don't transfer the title then legally you don't own the car. You can't insure it and the legal owner could reclaim it. His heirs could claim it as part of an estate. I see a lot of potential problems.

If it's not too late, have the guy apply for a duplicate title. Keep the original title in a safe place in your possession and use the duplicate title to transfer ownership.

 

Originality has nothing to do with how many owners a car has. Either it is unmolested original or its not. You were not the original owner and never will be but that doesn't detract from its originality. Welcome to the trifive family. we love pictures.BTW in Caifornia you have a small window of time to transfer ownership and register your car, then penalties start acruing.

 

Titles were created to make it more difficult for a stolen car to be registered. I would get it titled, and as mentioned above, no real impact on future value. Unless it is stolen, and the value to you is then 0.

 

Let me see if I understand you -- you say that you bought the car from the original owner without a title? How do you know he was the owner? Are you absolutely sure the car wasn't stolen? Titles protect the buyer in a couple ways -- you know the car is actually the property of the seller, and you know what the mileage is on the car (in many states). If you don't have the title, you should apply for a lost or stolen title immediately to make sure you are the proper owner of the car. An affidavit from the seller might be necessary depending on your state's laws.

As for the value of the car -- I'm trying to figure out if you're asking if the value of the car is reduced if you don't have a title or if the value is increased because you are only the second owner. A title won't prove you are only the second owner, but without the title, in my opinion, the car isn't worth anything -- i.e. I would never buy a car without a title in a state that titles old cars. On the other hand, if you had the title and could prove to me with other paperwork that you were the second owner and that the mileage on the ODO was original, the car would be worth a little more to me than one with an unknown past.

 

"Originality has nothing to do with how many owners a car has. Either it is unmolested original or its not." I agree :tu

 

title the car, most will not buy one without it. :anim_25:

 

Failing to transfer the title into your name after buying the car is known as "holding an open title".

Unless you're a registered car dealer who intends to resell the car, open titles are illegal.

 

When i purchased my all original one owner 65 impala SS the original title issued to the car was marked new car because i purchased it through the estate of the person that bought it new. I would like to have been able to have kept the old original title when i registered the car in my name, just to keep with all the other original paperwork showing that car was a local car and had been purchased from the family that had owned it since day one. The Tn DMV said they could not allow 2 titles on the same car ? I dont know why they could not just stamp the original title VOID and let me keep it and issue a new one in my name ? So i made photo copies of the original title marked new car which i have on file with all of the cars original paper work. So if you have the original title i would make copies if you will have to surrender it to your DMV to get a new one issued in your name especially if you have other paper work to the car, it doesn't hurt and in some cases with some cars it can ad a certain amount of value.Documentation can ad big buck's to some cars especially when low milage and un molested original. You see it at the high end auctions all the time the well documented cars will bring more money its a proven fact as a general rule.

 

Well unless your put the car in your name aka changing the title you'll have a very expensive paperweight. Who name the title is in means nothing to a true collector. The only thing of that nature is if a vehicle has never been titled. In some states you got a bill of sale a receipt that you payed for the car which in essence is the same things as a title. Just shows legal ownership of the car. What matters for originality is documentation, mileage and being able to prove that its documented mileage such as service records etc. Peter Klutt of Legendary Motor cars was on Velocity last night with a 57 four door with 2500 miles on it 100% original everything and he mentioned it was a 2 owner car. He said one of things that made the car as valuable as it was that it was a documentation car. The owner could take photos of everything on the car as reference for people who wanted to restore one. Here it is not some page in a book

 

If what I think you're saying is that you would hate to send in the title because it shows it was purchased new. Then I would take the title to some place that does excellant copying and run off acouple or more two-sided colored copies. That way you will have a proof of the title originality. Then you can send the original title off for it to be transfer in your name to be legal to drive.With technology being as it is you can't tell the difference of copy or not. At least thats what I would do.:anim_25:

 

Thanks. I have the title and know the family I bought it from. I am the second owner. I realize I must register it if I put it on the road, which I will do when it is road worthy.

 

Sounds like you have the original title.....just scan or copy both sides before you register it in your name and then you can include it with any other paper work you have for the car. Kinda fun to have but doesn't distract from the value if it's more than one owner.