[Jim's EEK!]

Originally Posted by CH3NO2 Pontiac

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Blown Nitro Pontiac:
The pretty little bow ain't tied up yet.

Where's the original PA title?

Why would Union Park put the title in their name?

It costs more money to do so, and it puts another owner on it.

On a car that was originally $3800 new, it's now a "C" title to whomever bought it used. Now, with the Alabammy title, it's a "D" title. Since, by '64, this car has now bounced through 3 states, it remains an "A" title in the last state to record it?

There seems to be no plausible reason for this, but it's possible. Even probable.

If the SD program was discontinued in February of '63, would Union Park have installed another SD engine by August of '64? Or a 326? Was aluminum sheetmetal still available new by August of '64?

The car was sold new for $3800 (or thereabouts), but was resold as a year old car in '64, for $2300?

So, according to Bill Blair's story, GMAC must have lost $1500 on this car (as DeNick likely owed more on it than he paid), not to mention the cost of a new motor (SD or otherwise) and new sheetmetal, and repo/storage fees? Who paid the difference?

What did Union Park Pontiac pay for it? $100? Dealers didn't buy cars for resale back then unless they could make good money on them.

Did they buy it back at auction? If not, did GMAC just call Union Park and say "we'd like you to have this car, because we like you?"

What?

This is why who DeNick financed the car from is HUGELY relevant. DeNick wasn't known at the time as being a particularly good credit risk. His '62 Plymouth, for example, was repossessed prior to this debacle. GMAC was a little more choosey about their credit risks back then than was Chrysler Credit.

Interesting.

If that car was worth ANYTHING, doesn't the reasonable person think that Harold Ramsey would have bought it back (for next to nothing)and either raced it or would have sold it and made money? The fact that he did neither suggests it was worthless. Yet, a guy from Alabama supposedly drives a day up and day back down, to buy the car for $2300?

Geez. Six months later and STILL no answers.

Interesting. But not surprising.