I do not like to be bringing a rain cloud, but I am about to. The seller may be a great guy, and the deal may be legitimate. But, a friend of mine got scammed on a 69 Mach 1 R Code he thought he was buying. He got scammed for $46,000 the other year. His mistake was letting the seller choose an "escrow company" that they had "used in the past." LAPD and FBI took their reports, but he was told to not get his hopes up as it was a low priority case because it involved less than $100,000!
I would not send any money anywhere until after the car is inspected, if not by yourself at least by someone who is both trusted and familiar with these cars. I used Chip Davis (
[email protected]), from Florida to fly to Ottawa, Canada, to validate a 69 Shelby GT500 for me, and to inspect it for its general condition. I got lucky, the seller is a great guy (and a good friend now), the Shelby was really a Shelby, and it is in at least the excellent condition Chip told me it was purported to be. I got lucky, Luckier than my friend.
Also, use an escrow company of YOUR choice, and do not send anything outside of escrow you are not willing to part with permanently if things go south. Do not trust photos to reveal everything about the car's condition. Some things can't be predicted (impending engine or transmission problem). But, other things can be seen, such as body damage, unibody or rail damage, rust, electrical system not working properly, etc. I can tell you from our experience that it does not take a lot of visually identifiable rust that looks minor to turn into a horrendous undertaking. Our 1973 Mach 1 was deeply re$tored, but it ended up costing us far more than the $25k - $35k I had estimated for the work. Several times more. But, we moved forward for love of the breed. Below are some YouTube links for you to look at if you like. One is made from a series of progress photos taken over the 13 1/2 month long project. The other is a walk-around video of the Mach 1 after it was completed.
If I could redo that Mach 1 purchase I may have followed the same path, but more likely I would have kept looking for a vehicle without any rust. The seller could have given me the car and the restoration would have still left me 6 figures in the hole. Beware...