Legally, sell it to your buddy for a dollar (don't even need it in writing, statute of frauds doesn't apply), then have him sell it it back to you for a dollar, this time in writing with a bill of sale. Take that to the registry.
This sort of highlights the issue with not having titles to this sort of stuff. If you find a long abandoned vehicle, insure it, write up a fake bill of sale and take it to the registry. You now are now the legal owner unless the original owner reports it stolen.
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And unlike the clock on the wall at your momma house, I do not have time to hang.
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