So with the bonded title, after a certain amount of time, sounds like 2-3 years, do you get a clean title?

It's called an indemnity bond. I have used the Bond Exchange to source this paperwork here in Charlotte. I had a title that was improperly filled out and had to go this route.

If the car has a clear out of state title now why couldn't you just transfer it when you go to the Secretary of State's office and register the car?

I just went thru this on a car. The bonded title is just like what everyone has said with one exception. You must deposit a dollar amount equal to the purchase price of the car (which they fail to tell you when you apply and they send you the documents to fill out) and they keep your money for three years in case the previous title holder comes forward. I am going thru this now because the previous two owners on my car signed the title but never changed it over into their names.

Geezzze -- I guess this is word to the wise ... make sure you know the rules of engagement in your local/state before entering the dark side ... some laws/rules/procedures really suck! ... TAZ

So, if paying the purchase price, id have to put down an additional 10k? Or did i misunderstand that?

Or you could use broadway title.

https://broadwaytitle.com/

As long as the car is not reported stolen there are several states that do not title cars this old, they sell the car to (someone?) in that state, then back to you with the appropriate paperwork to title in your state. Very reasonable for the service the last time I had to use them.

Took about 45 days, that was several years ago for me.

Rich