Originally Posted by RC45
All the above is nullified if the car is displaying a dealer plate. Remember all the above "rules" only apply to the car while it was in the possession of the original manufacturer, after that, all bets are off.
You could literally drive a sheet of plywood powred by a gas turbine if its displaying a dealer plate for transport 
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Not true here
The dealer plate will not suffice in the event of an accident.
(b) ALL EQUIPMENT IS USED. PURCHASER AGREES THAT THE EQUIPMENT IS BEING SOLD IN "AS IS" CONDITION AND FORD DISCLAIMS ANY AND ALL EXPRESS AND IMPLIED WARRANTIES.
PURCHASER ACKNOWLEDGES THAT FORD HAS MADE NO REPRESENTATIONS REGARDING THE SAFETY OR OPERABILITY OF ANY EQUIPMENT AND PURCHASER ASSUMES ALL RISKS ATTENDANT THERETO.
2. Location; Title; Risk of Loss.
THE EQUIPMENT MAY NOT BE USED ON PUBLIC ROADS. Upon execution of this Agreement the Equipment shall become the property of Purchaser, and Purchaser shall bear the risk of loss of and damage to the Equipment, including loss or damage that occurs despite Purchaser's or Ford's exercise of reasonable care
http://nthimage.com/Detroit/street_s.../Ford_GT_1.jpg
(Same car, in the original colors in June 2004)