John Draneas

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Registering your collector car in a Montana LLC to avoid state sales tax was all fun and games — until now, that is. California is on a mission to stamp out the “Montana Loophole.” California Attorney General Rob Bonta issued a press release on March 6, 2026, announcing that his office had just filed a…

“Legal Files” recently reported on the fraud claims brought against well-known Porsche restoration shop CPR Classic of Fallbrook, CA (December 2024, “No Resuscitation for CPR Classic,” p. 54).  Numerous customers complained that they were defrauded when the shop took their money without delivering the purchased car, sold cars on consignment without paying the seller, and…

The November 2025 “Legal Files” about car transporters getting hacked seems to have been just the tip of the iceberg. We received many responses to the article, but the best came from “Chuck,” who had an interesting experience after selling his GT3-class race car on Bring a Trailer. Chuck sold the car, received the money…

The NASCAR antitrust lawsuit settled during the ninth day of a trial that was expected to last at least another two. Specifics of the settlement have not been made public, except to report that NASCAR’s team charters will become permanent, or “evergreen,” as described in the parties’ joint statement. You might remember that “Legal Files”…

It was an eventful week at Mecum Auctions’ recent four-day Dallas/Fort Worth sale — hundreds of cars sold and only four crashed! The accident happened in the post-sale staging area, where three of the cars were parked. A driver, presumably a Mecum employee, was moving a 1958 Willys resto-mod pickup. The truck sported a 5.7-liter…

Mark Bahna is a big fan of JDM cars and currently owns a Nissan Skyline R34 GTR Spec II Nür and a Mitsubishi Lancer Evolution IV. But his pride and joy has been his 1994 Nissan Nismo 270R. It is one of only 30 made, numbers matching, and has its original paint and decals. It…

When eBay Motors started online car auctions, I was sure it would never last. There was just too much potential for crooks to cheat people, and the venue would collapse once people figured that out. I guess in retrospect, I was half right. There’s a lot of fraud, but online car-sales activity just continues to…

A common complaint in the collector car hobby involves a car owner who grows frustrated with a restoration shop that takes years and years to complete a restoration, no matter how hard it is pushed. Here’s an example of the complete opposite — an owner who won’t pick up his car. Do-over Bryant McCants wanted…

The One Big Beautiful Bill Act has traveled a rough-and-tumble political road, but we now have some certainty about the tax picture for the next 10 years. Collectors are now able to forge ahead on what to do with their car collections from a tax planning perspective. Income-tax rates Sales of collector cars that have…