It's not a stright pipe, it's a cat back exhaust, with a horizontal muffler (like stock but way smaller) and then a canister. It is a direct bolt on system, took me about 45min to put on. It's an awsome system!
I believe only the muffler is titanium and not the whole system including the pipes, but I could be wrong because I couldn't really find info on it when I was looking into it, but the muffler is definitely titanium for the Ultra Racing Medallion.
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