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Title as ford or shelby

Started by Odenvy, December 27, 2020, 11:48:44 AM

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Odenvy

Hi all. I am a new owner and reviewing my paperwork see the title says 67 Ford. Shouldnt this say shelby?
3:16

Odenvy

Hi all. I recently purchased a 1967 GT 500 (#1979) and notice the title says Ford. Is this normal, or should it say Shelby under make?
I am sure the part time DMV specialist didn't care about the 50+ years of history when typing it up.
Does it matter? Are there both forms out there? The VIN is listed as the Shelby however.
Merry Christmas! Joey
3:16

98SVT - was 06GT

All over the map. My 66 said GT350 for make. A friends 68 said Cobra for make. Many just say Ford. It probably depends on who first took the paperwork to DMV from the dealer. You could possibly take a stack of paperwork to DMV to show that Shelby American was the manufacturer and get it changed. But is it a battle that needs fighting?
Previous owner 6S843 - GT350H & 68 GT500 Convert #135.
Mine: GT1 Mustang, 1998 SVT 32V, 1929 Model A Coupe, Wife's: 2004 Tbird
Member since 1975 - priceless

sfm5

From past discussions on this forum, I recall there are many instances of both. As you say it was/is likely up to the whims of the individual making up the form to list the make either as Ford or Shelby.

In my case, my '65 lists Shelby as the make on all past title documents (from Florida & Arizona), as well as my Canadian registration & insurance papers.
65 GT350

Bob Gaines

Quote from: Odenvy on December 27, 2020, 11:52:42 AM
Hi all. I recently purchased a 1967 GT 500 (#1979) and notice the title says Ford. Is this normal, or should it say Shelby under make?
I am sure the part time DMV specialist didn't care about the 50+ years of history when typing it up.
Does it matter? Are there both forms out there? The VIN is listed as the Shelby however.
Merry Christmas! Joey
That is not strange .It could be ether. Also some are titled with the Ford VIN  and others with the Shelby. Technically it should be Shelby with the Shelby VIN but the various State DMV officials didn't pay attention to the fact that Shelby American was a MFG and insisted on the Ford name and or the Ford VIN. Many cases it is not worth the fight ,stress and time it takes to have it changed. The Ford VIN number can be traced back to the Shelby origin regardless of 65-70 year so it is hard to dispute what the car is . And a rose (Shelby)by any other name (Ford) is still a rose. Another thing has to do with personal property tax . States in a effort for more revenue will red flag a collectible typically valuable car with a name like a Shelby,Pantera,etc. and using various collector car valuations access its current market value and tax you on that evaluation. Some personal property tax states are doing this now and others will in the future . It is almost a certainty. Good luck trying to change a newly imposed increased valuation once done by the bureaucrats. I know of some that have their Cobra listed as a Ford for a example rather then pay PP taxes on a 7 figure market value.  Just some things to consider. If in one of the NON PP tax states I would rather have the Shelby name and Shelby VIN .If I was in a state that had PP tax I would think twice and consider my potential monetary exposure. What is more important your vanity/ego with a name on a piece of paper tucked away where no one sees it or the money in your wallet.  ;) Just some things to think about.
Bob Gaines,Shelby Enthusiast, Shelby Collector , Shelby Concours judge SAAC,MCA,Mid America Shelby

427hunter

How it's titled all depends on the State, I have seen several different abbreviations of Shelby, but gt350, gt500, or Ford are all common as well.
"You keep using that word, I do not think it means what you think it means"

Inigo Montoya

"This life's hard, man, but it's harder if you're stupid"

Jackie Brown


2000 hours of my life stolen by 602 over three years

Bob Gaines

#6
Quote from: Odenvy on December 27, 2020, 11:48:44 AM
Hi all. I am a new owner and reviewing my paperwork see the title says 67 Ford. Shouldnt this say shelby?
Aspects of this subject applies to all years Shelby's. Your 67 not having Shelby on the title is not strange . It could be ether. Also some are titled with the Ford VIN  and others with the Shelby. Technically it should be Shelby with the Shelby VIN but the various State DMV officials didn't pay attention to the fact that Shelby American was a MFG and insisted on the Ford name and or the Ford VIN. Many cases it is not worth the fight ,stress and time it takes to have it changed. The Ford VIN number can be traced back to the Shelby origin regardless of 65-70 year so it is hard to dispute what the car is . And a rose (Shelby)by any other name (Ford) is still a rose. Another thing has to do with personal property tax . States in a effort for more revenue will red flag a collectible typically valuable car with a name like a Shelby,Pantera,etc. and using various collector car valuations access its current market value and tax you on that evaluation. Some personal property tax states are doing this now and others will in the future . It is almost a certainty. Good luck trying to change a newly imposed increased valuation once done by the bureaucrats. I know of some that have their CSX Cobra listed as a Ford for a example rather then pay PP taxes on a 7 figure market value.  Just some things to consider. If in one of the NON PP tax states I would rather have the Shelby name and Shelby VIN .If I was in a state that had PP tax I would think twice and consider my potential monetary exposure. What is more important your vanity/ego with a name on a piece of paper tucked away where no one sees it or the money in your wallet.  ;) Just some things to think about.
Bob Gaines,Shelby Enthusiast, Shelby Collector , Shelby Concours judge SAAC,MCA,Mid America Shelby

Odenvy

Is it of consequence that it is a Shelby on the insurance card and Ford on the registration for a police officer born in the year 2000?
3:16

Bob Gaines

Quote from: Odenvy on December 27, 2020, 01:37:20 PM
Is it of consequence that it is a Shelby on the insurance card and Ford on the registration for a police officer born in the year 2000?
Not in my opinion unless the cop is a real knucklehead.
Bob Gaines,Shelby Enthusiast, Shelby Collector , Shelby Concours judge SAAC,MCA,Mid America Shelby

Rocket

6S550 has been titled as a Shelby with the Shelby vin since I bought it in 1967. Don't guess I've lived in a state with personal property tax, unless they just didn't care.  Ron
Original owner of 6S550. Owned since 1967. 64,000 Miles, all body original except hood and front valance. All glass original except windshield. Still has aluminum 4 speed. Has replacement Mico.  Also own 1966 Mustang convertible. They are drivers, not trailer queens.

Bob Gaines

Quote from: Rocket on December 27, 2020, 04:48:00 PM
6S550 has been titled as a Shelby with the Shelby vin since I bought it in 1967. Don't guess I've lived in a state with personal property tax, unless they just didn't care.  Ron
If you don't know if you live in a state with personal property tax then you most likely don't .You would more then likely remember paying it every year on your every day cars at the very least.  For example in my state MO-According to MO State Statute 137.075 "Persons owning or holding tangible personal property on the 1st day of January shall be liable for taxes." Personal property includes all motor vehicles, motorcycles, recreational vehicles, trailers, boats, motors, mobile homes, aircraft, farm machinery, livestock and grain. Some items you declare value and others the state does based on the item. We have to show a receipt that PP tax is paid for instance when we renew our car plates. I know of a local that hadn't had his car on the road for 20 years and when after restoration he wanted to get new plates had to pay all of the back years of taxes on the car before the DMV would issue plates.
Bob Gaines,Shelby Enthusiast, Shelby Collector , Shelby Concours judge SAAC,MCA,Mid America Shelby

2112

#11
Here we call the tax "Car Tabs". Approximately 1.1% (yearly) of the car's market value. More if you live inside the Light Rail taxing district.

This is after 10% of market value or purchase price (whichever is higher) at the time of purchase.

Edit; and capital gains tax at the time of the sale possibly coming this year.

67 GT350

My forst Shelby was titled as a "SHELB" That was my 67. I had a 68 that was also titled as a Shelby. Here in NY we just have registrations for cars, no titles. This is where my story get weird. My 3rd Shelby was titled as a Shelby and good old NY changed it to a ford and refused to correct it for me. I since moved to Tennessee and I asked the guy to change it back and he said if the VIN is a Shelby, it should change back to a Shelby when I get the title. IT DID NOT. I was just wondering if I should persue it further???? Advise? It would be cool, but I am not sure it is worth it.
RARE  Signature Delete

557

My 67 has been titled as a Ford gt500 in Cali.since before 1982 when I bought it.

rcgt350

So as the PP tax system goes there, you are saying that annually you pay it on every vehicle owned in your yard? Any idea on the rate of this tax? How is the value of the car set at and who determines it? I just read that paragraph again , but still would you want them coming up with your cars value? Could be good or bad.
Would you additionally pay Capital Gains Tax if vehicle sold at some point?
We don't that PP Tax agenda here in Canada.