Re-issued VIN and its depreciation - Vintage Mustang Forums
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post #1 of 28 (permalink) Old 06-11-2019, 02:31 PM Thread Starter
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Re-issued VIN and its depreciation

If a car has a re-issued VIN, what is it's value depreciation?

I am not sure why the VIN was re-issued. The Pa. title states VIN re-issue and antique, but it doesn't state theft recovery or reconstruction.

I can see the original VIN too.

Has anyone bought a car with a re-issued vin?

Jeff
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post #2 of 28 (permalink) Old 06-11-2019, 03:02 PM
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Just some legal mumbo jumbo for a car that needed some hocus pocus to make legal. At least someone took the steps needed to make it legit. It could be as simple as it had a lien on it and no other paperwork. To me it would just boil down to having a non-standard tag on it somewhere which pales in comparison to all the other variables that goes into value.
I would call it value added compared to a no paperwork car.
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post #3 of 28 (permalink) Old 06-11-2019, 03:09 PM
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Sounds kind of like a salvage title issued by some states. Check that state's department of revenue website or call in to learn more. I don't think it adds or subtracts value as long as the VIN is intact and a prospective buyer doesn't hafta jump through flaming hoops to register it in their name in that state or any other.

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post #4 of 28 (permalink) Old 06-11-2019, 03:18 PM
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If it's not a rare high end car, k code, Shelby, gt etc. It should have little impact on the value.

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post #5 of 28 (permalink) Old 06-11-2019, 03:18 PM
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I would think that if you have some documents or other proof that that the VINs stamped on the car are correct it shouldn't affect the value.
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post #6 of 28 (permalink) Old 06-11-2019, 03:21 PM
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If there are two identical cars, one with perfectly clean documents and the other not perfect in any way, who would not choose the perfect one? If the imperfect one is cheaper, now that might be enough to make the switch
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post #7 of 28 (permalink) Old 06-11-2019, 03:28 PM
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Quote:
Originally Posted by JeffWS View Post
If a car has a re-issued VIN, what is it's value depreciation?
Maybe a whole lot, maybe none at all. It depends on the car in question and it's desirability market-wise. On a decrepit hulk of no particular uniqueness it wouldn't matter at all, same for a highly modified custom so nice it wouldn't matter either. In between those extremes is where a re-issued VIN could be a valuation factor. For one thing some folk wouldn't even consider such a car for purchase just out of hand, thereby limiting the number of souls who'd be interested otherwise. A re-issued VIN could easily be used as a negotiating tactic for a lowered price as well. Again, it depends on the car in question.
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post #8 of 28 (permalink) Old 06-11-2019, 04:02 PM
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This is an interesting question as it may affect my car. What bugs me the most is that the issue is a result of a cowl repair, nothing else. The car started life a a lower end 1970 Mach 1 that I am restomoding. The lower cowl was swiss cheese and needed to be replaced. I contacted the AZ MVD local enforcement officer to discuss the process in advance of removing the original cowl sheet metal. What I was told was that when the car is completed, I have to file paperwork to document the removal and reinstallation of the VIN tag. A AZ VIN tag will be created with the same VIN as original and attached to the car somewhere. I can only hope when I am done, the procedure has changed and the AZ VIN tag is deemed unnecessary. Given the crime of VIN tampering is a felony, I did not want to do anything that could be found to be VIN tampering. I am about 2 years away from finishing the car, when done I will share my final story.

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post #9 of 28 (permalink) Old 06-11-2019, 05:15 PM
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Depends on the buyer. I would want a steep discount or reason to consider it, otherwise I doubt I would even look at it if I could find another just as good in the same price range. I would figure it was stolen or in an accident or flooded at some point. Don’t want to have issues selling it to someone who thinks similarly. I would try to reverse the process, tell them you were misinformed, the vin is not stamped on the cowl as the bozo you talked to thought, unless 69s are different than my 66. Maybe take it to a friendlier state.

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post #10 of 28 (permalink) Old 06-11-2019, 05:26 PM
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This is an interesting question as it may affect my car. What bugs me the most is that the issue is a result of a cowl repair, nothing else. The car started life a a lower end 1970 Mach 1 that I am restomoding. The lower cowl was swiss cheese and needed to be replaced. I contacted the AZ MVD local enforcement officer to discuss the process in advance of removing the original cowl sheet metal. What I was told was that when the car is completed, I have to file paperwork to document the removal and reinstallation of the VIN tag. A AZ VIN tag will be created with the same VIN as original and attached to the car somewhere. I can only hope when I am done, the procedure has changed and the AZ VIN tag is deemed unnecessary. Given the crime of VIN tampering is a felony, I did not want to do anything that could be found to be VIN tampering. I am about 2 years away from finishing the car, when done I will share my final story.
Screw that. Moving a tag to fix a rusty cowl isn’t VIN tampering. This is a classic case of ask forgiveness not permission. Nobody would ever know and you’re not pulling a fast one, so who cares?
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post #11 of 28 (permalink) Old 06-11-2019, 05:36 PM
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Quote:
Originally Posted by JeffWS View Post
If a car has a re-issued VIN, what is it's value depreciation?

I am not sure why the VIN was re-issued. The Pa. title states VIN re-issue and antique, but it doesn't state theft recovery or reconstruction.

I can see the original VIN too.

Has anyone bought a car with a re-issued vin?
My wife's 65 Vert had a reissued VIN from Connecticut but when it was retitled in FL the DMV actually inspected the car and put the VIN that is on the apron under the hood on the FL Title. There is still a metal sticker cemented to the driver's door that with the Connecticut VIN on it.
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post #12 of 28 (permalink) Old 06-11-2019, 05:40 PM
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^^^^ Thats an interesting point, is it a new version of the old VIN with an updated number of characters to fit into the computer system or a completely new set of numbers? Did the car in question even get a new tag or is it a simple notation on the title? Re-issued seems different from State issued. Even a salvage car can still carry the same # on the title, different from a re-constructed in TX.

For sure as a buyer try and use it as an advantage but to try and say that other one across the country for comparison? Frankly because of the desire and demand for a higher end car i think it would matter less as a % since there are only so many for sale anyway.

I think I'd just cover the new state tag with an oil change sticker on a Shelby

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post #13 of 28 (permalink) Old 06-11-2019, 05:48 PM
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^^^^ Thats an interesting point, is it a new version of the old VIN with an updated number of characters to fit into the computer system or a completely new set of numbers? Did the car in question even get a new tag or is it a simple notation on the title? Re-issued seems different from State issued. Even a salvage car can still carry the same # on the title, different from a re-constructed in TX.

For sure as a buyer try and use it as an advantage but to try and say that other one across the country for comparison? Frankly because of the desire and demand for a higher end car i think it would matter less as a % since there are only so many for sale anyway.

I think I'd just cover the new state tag with an oil change sticker on a Shelby
I'd have to look to seE if the sequence number is the same on my wife's Vert on the Connecticut VIN. In know the 5F08T wasn't included in the Conn reissued VIN, I'll see the car on Saturday and take a look.
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post #14 of 28 (permalink) Old 06-11-2019, 06:40 PM
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I'd have to look to seE if the sequence number is the same on my wife's Vert on the Connecticut VIN. In know the 5F08T wasn't included in the Conn reissued VIN, I'll see the car on Saturday and take a look.
I was slow and actually meant that for Boss5Oh but its about the same case.
Like did Vito Andolini becoming Vito Corleone because of a bureaucratic pencil pusher change who he really was?

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post #15 of 28 (permalink) Old 06-11-2019, 07:53 PM
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Drill out the rivits, replace the cowl, install vin plate. I R&I'd mine when I had the body blasted. Non issue.
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