Stephanie,
Have the seller register the car. I ran into this same problem with a trailer I got with my racecar. When the trailer is sold to the first buyer, the trailer company issues the Cert. of Origin (let's call it "C/O" for short) in buyer's name. Said buyer must then apply for title to the trailer.
In my instance, I simply got the C/O with the trailer (I didn't look closely at it and assumed it was a title) when I bought the racecar package. When I finally looke closer, I assumed all I had to do is submit the C/O to the Secretary of State for title issuance. No go. I was told I need it titled first. So I ask my brother who's been an honest car salesman for ~15 yrs. and he said yes, I have to get the fella to whom the C/O was issued, to acquire title to the trailer in GA and then sign over the title to me. He said by not doing this, it's what's called "jumping title."
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Originally Posted by Noah930
No help here for your original question, but I'd guess whether or not the Cert of Origin is enough will depend on your own state's DMV rules. If SC isn't accepting of that, I've heard Alabama and Georgia are quite flexible in their rules.
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I'll second what Noah stated above. I bought my racecar package in Georgia. Apparently a C/O is fine for a trailer in GA? Thankfully the racecar had an actual title so I don't have to correct that one.
edit........ Forgot to say how awesome your future car is. The GT40 is a timeless piece of racing history. It looks so darn fast sitting still. I love driving my own via Gran Turismo4 !