Re: To Rebuild to Part Out - That is the question.

["David Teitelbaum <jtrealty@xxxx>" <jtrealty@xxxx>]

As interesting as this sounds technically if you are "parting out" a 
car then (at least here in New Jersey) you are supposed to surrender 
the title back to the State DMV where they then retire it. It is (I 
believe) a federal law that prevents you from moving a vin # and title 
from one vehicle to another. This is to prevent having a stolen car 
and "cleaning" it up with a different title. In practice you can 
"rebuild" a car if keeping the origional frame, vin and title. It 
becomes a question at what point is it still a car and has a legal 
title? To actually sell a title (and a vin plate) without actually 
getting a car sounds a little illegal. If a seller was to sell a title 
I think the best thing to do is at least sell the fiberglass body and 
dash to the same person. (These parts hold the vin tags).
I don't think it is very economical to consider this unless you have 
at least 1 parts car. Ask Dave Stragand what he spent not counting his 
time and you will quickly see the economics don't make sense unless 
the car is valuable in it's own right like it was a movie car or it 
was owned by a celebrity.
David Teitelbaum
vin 10757


--- In dmcnews@xxxxxxxxxxxxxxx, Bob Brandys <BobB@xxxx> wrote:
> 
> One thought that was not discussed regarding poor condition cars was 
> what happens to the titles of the parted out cars.
> 
> Right now there are Deloreans that are being parted out because of 
the 
> value of the parts.
> 
> If the Delorean does evolve into a very desirable classic car like a 
> camaro or mustang, titles from junked or "cut up" cars become 
valuable.
>