A good number of states do not have titles for older cars and sales are normally via bill of sale and transferrable registration. Of course with a 6 figure car, would feel better with a paper title. Years ago it was pretty easy to get a paper title though a couple of companies like Broadway title. Not sure if that process has tightened up at this point.
As others have mentioned, its pretty easy to run a check and see if it is on the databases as a stolen car.
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