[Eric S]

Besides the obvious performance attributes, another benefit of a Cup car is the fact that you never title it (in fact, as I understand it there is no title) and therefore get out of paying VA personal property tax of about $5k/year. What if you buy a street car designated exclusively for the track and don't re-title it (i.e., have it signed by the seller and place it in a safe deposit box)? The biggest risk would seem to be that the previous owner could request a replacement copy of th the title and try to say they didn't sell the car; but having the original title and Bill of Sale would seem to trump any such attempt. I do realize that a copy of the title and the bill of sale would be required when traveling to tracks in Canada, but are there any other issues?

If anyone has other legal/effective ways to reduce the stinking pers. prop. tax, please send a PM, thank you!