Security for a PPI ? Options

[Literati914]

I've been in talks for a couple weeks with a local who's trying to buy my finished project car. He wants to have it picked up and taken to a local shop (who supposedly does Porsche race builds, etc). I don't really know the buyer that well, besides meeting him when he first came to see the car and test drive it (seems like an honest character). I have the title and I'll keep that until the actual sale, but what steps should be taken to insure nothing nefarious takes place? (IMG:style_emoticons/default/shades.gif)

[mepstein]

I've been in talks for a couple weeks with a local who's trying to buy my finished project car. He wants to have it picked up and taken to a local shop (who supposedly does Porsche race builds, etc). I don't really know the buyer that well, besides meeting him when he first came to see the car and test drive it (seems like an honest character). I have the title and I'll keep that until the actual sale, but what steps should be taken to insure nothing nefarious takes place? (IMG:style_emoticons/default/shades.gif)

Chances are the car doesn’t currently have insurance on it. Most shops have insurance on the building and maybe the equipment. They don’t typically carry insurance that covers damage to your car. If they test drive your car, mis a shift and trash your engine, you don’t really have real protection. More like a hope and a prayer they will admit it’s their fault and fix the issue. Good luck with that.
Have him pay you for the car. He can take it to the shop. If he passes, you give the money back. If it’s damaged, he owns it no matter what.
If it’s not a really good offer, I would just pass and wait on a different buyer.
When I sell a car, I don’t give away possession of the car until I get paid.