[73kay]

Long story short, it's a legal way for you to get ownership of the vehicle. States vary wildly. I bought my truck with a bill of sale and Texas until 54 I think used the engine number as the vin so I had a motor put in and got it inspected. Passed for a 53 and wasn't stolen and collected all the paperwork and turned it into the dmw. Got a bonded title and was able to register the vehicle. It's bonded for 3 years then it's a regular title.

Of course there are risks etc, but that is the very quick way to explain it. For the right price I took a risk and went thru the process. Half way into the process the dmv people scared me and said my vehicle would be an "assembled 2016 vehicle" and must conform to the safety standards of that year. So I went to a title company and for $300 bought piece of mind. Dmv ppl are a bag of rocks. Most of them don't know the law for older vehicles very well.