Copy of Title
I keep reading this post and something is bothering me.
When I have financed an old car, the bank did indeed want to see the title, but that was after I had obtained ownership. At that point they applied for the lean on the car, and I received a title with the lienholder stated on the title.
So here's what you do; ask for the name of his bank, and the address. Look up the bank on the internet, call them and see if they require a title copy to finance a collectible car. Do not get the name of his banker and phone number from the prospective buyer, it could be a partner or friend posing as a banker.
If you decide to do a deal, set up an account in your name. Put a $100 in it to open it and use it as your wire transfer account, or a suspense/clearing account if you want to call it that. Have him wire to this account and when the money is there withdraw and move to another account. Your only risk of loss if he accesses the account somehow would be the $100.
Last question to the forum readers, what could you do with a title copy, access to a title recreation company like broadway title, and the ability to use a site like lawdepot.com to create a legal bill of sale. Could you create ownership of a car identity for DMV purposes, maybe for a race-car you have that doesn't have paperwork? Is that a possibility?
Just some thoughts.
Take care NKG, this one worries me for some reason.