Quote:
Originally Posted by ZOERA-SC7XX
In all likelihood, Paul bought the Cobra on a handshake and never went back for the title. I myself have bought old race cars the same way (and have been burned).
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The Shelby letter about the mechanics lien states that the DMV was contacted. The car was paid off in full at the bank in August 1963. With a bank involved, I am sure there was a title that the bank held onto until the car was paid in full.
At least that's how how banks handle car loans today. The bank is not going to loan you money unless they can hold the title.