What’s the real risk of registering your Ferrari or Bugatti under a Montana LLC? And how can you protect yourself when buying a multi-million-dollar classic with questionable provenance? In this episode of The Collector Car Podcast, Greg Stanley sits down with collector car attorney and Sports Car Market columnist John Draneas to unpack the legal land mines that come with tax loopholes, LLCs, and authenticity claims.
We cover:
Why so many collectors flock to Montana—and what state tax authorities are doing about it
Real-world examples of buyers losing millions on cars with faked histories
The importance of due diligence, documentation, and expert verification
How legal ownership and actual possession can be two very different things
Whether you’re considering a cross-country title shuffle or bidding on a barn find at auction, this is a must-listen legal deep dive for every collector.
Contact John – https://draneaslaw.com/attorneys/john-draneas/
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