After rattling off the hop-ups that make his \u201932 Ford wickedly fast, the braggart of the Beach Boys\u2019 hot rod anthem, \u201cLittle Deuce Coupe,\u201d ultimately boasts, \u201cI got the pink slip, daddy.\u201d<\/span><\/p>\n He\u2019s referring, of course, to the colored paper that California certificates of title were once printed on. While crowing that he owns his car outright, he\u2019s also hinting at a willingness to race \u201cfor pinks,\u201d where the loser forfeits his car.<\/span><\/p>\n Let\u2019s say that five decades later, the Deuce coupe comes up for sale. Before you hand over the cash and let the Lake pipes roar, check the pink slip carefully. Is the seller\u2019s name on it? Does the vehicle identification number, or VIN, match the one on the car? Did you check the VIN in the National Insurance Crime Bureau<\/strong><\/a> online database to see if it had ever been reported as stolen?<\/span><\/p>\n Those are just a few of the steps that an overly eager buyer might skip, according to Tony Monopoli of AVM Automotive Consulting<\/strong><\/a> in Montvale, N.J. Such neglect could expose one to problems titling and registering the car.<\/span><\/p>\n \u201cFights happen over ownership,\u201d said Monopoli, who does appraisals and estate planning for car collectors. \u201cYou could end up in a legal dispute with a title-holder.\u201d<\/span><\/p>\n Imagine in our example that the seller reveals he\u2019d won the Deuce coupe in a race 50 years earlier. You could be surprised when the original owner shows up with a duplicate title and also claims ownership. That\u2019s not the most common problem encountered with titles, but equally strange things have happened, said Bryan Shook, an attorney whose firm, Vintage Car Law<\/strong><\/a>, handles such cases.<\/span><\/p>\n Shook worked on a widely reported case involving the 2012 discovery of the No. 1 Corvette racecar that Briggs Cunningham entered in the 1960 24 Hours of Le Mans. Questions of ownership eventually resulted in a settlement among three interested parties.<\/span><\/p>\n \u201cIn the case of the Cunningham Corvette, there was an old record title interest out there, but the car was purchased from someone other than the record title-owner, and no one could find him,\u201d said Shook, who represented the buyers. \u201cSo there were essentially two chains of title open.\u201d<\/span><\/p>\n Shook explained that an automobile title is not the same as the deed to a house. \u201cIn most states, a title only indicates apparent ownership, but it is not conclusive proof,\u201d he said.<\/span><\/p>\n Definitively showing ownership \u2013 something especially critical with collector cars \u2013 could require having a continuous history, Shook advised. \u201cThat means documentation showing every owner, every title transaction and every change made to the car,\u201d he said.<\/span><\/p>\n The \u201copen title\u201d is a more common problem, according to Shook. It occurs when someone buys a car, and, expecting to resell it without ever registering it, does not complete the buyer\u2019s information on the title. \u201cThey do that to avoid paying sales tax,\u201d Shook said.<\/span><\/p>\n In such cases, Shook has insisted the seller get the car titled before letting his client buy the car.<\/span><\/p>\n There are many other titling issues than can be covered here, including questions of true mileage. Monopoli suggested a few tips to protect your interest: Before buying a car, have a professional appraiser verify that the car is what it\u2019s claimed to be; after buying, title it in your name immediately. And never leave documentation in the car.<\/span><\/p>\n This article has been reproduced with the permission of the copyright holder, Hagerty. Further reproduction is prohibited without permission. Click here for more\u00a0<\/i><\/span>classic car stories<\/i><\/a><\/strong>\u00a0from Hagerty.<\/i><\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":null,"protected":false},"author":98,"featured_media":8664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[805],"tags":[1540,4479,4480,4481,4486,4488,4472,4474,4489,4490,4484,593,885,1543,4477,4483,4491,4475,4476,4473,4487,4485,4478,4482],"class_list":["post-8663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-classic-tips","tag-24-hours-of-le-mans","tag-avm-automotive-consulting","tag-briggs-cunningham","tag-bryan-shook","tag-car-documentation","tag-car-registration","tag-car-title","tag-certificate-of-title","tag-clean-title","tag-clean-title-for-car","tag-cunningham-corvette","tag-hagerty","tag-hagerty-classic-car-insurance","tag-jim-koscs","tag-national-insurance-crime-bureau","tag-open-car-title","tag-open-to-title-to-avoid-sales-tax","tag-pink-slip","tag-race-for-pinks","tag-title","tag-title-and-registration","tag-title-documentation","tag-tony-monopoli","tag-vintage-car-law"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t