Purchase Ferrari on a Bill of Sale

If it is a road car it should have a title. I can’t imagine a case where a 308 or 328 would legitimately not have a title.

 

Some states are weird like that, you would just have to get it titled in your state but they should accept the BOS as a legal document, but you yes, you will have to have the last registration from the previous owner. This was years ago, but I was living in Ohio and bought a Dodge Stealth from Rhode Island. They didn't title cars over 10 years old, so they required the BOS and current registration. It's not a new thing so just find out what your state requires, As far as value, it will update when you get the car titled in your state so I doubt there will be any effect whatsoever, it would just look like any other transaction.

 

But, most importantly, you can still get a license plate.

In states that require titles, a bill of sale, a registration and a license plate will get you a title.

AAAs vary in quality, but find a good one and you should be fine.

Matt

 

I bought my 1983 Ferrari in Connecticut and they do the same when a car is over 20 years of age they don’t issue a title for it anymore. And I live in NY and to register it here is a pains d you need either a title or a transferable registration. So what I did was I had the owner go to Connecticut dmv and get a transfer of ownership form which pretty much looks like a title and I signed and he sign. Then I made sure he gave me the original valid registration to the car and had him fill out the NYS bill of sale and I filled out the registration form for NYS. I also had Connecticut dmv print out a letter that states they do not give out titles for cars over 20 years old. Depending on where you live I would contact the dmv and see what paperwork they will need. Most DMV know what other state DMV do and don’t. You just need to make sure you have the right paperwork. When I showed up to the dmv it was easy and I got my plates right then and there and now I have a valid NYS title for it.


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Some Countries are weird like that.
I would say most of the countries in the world sell on a sale & purchase agreement.
Only some states in the USA have titles.