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Well, I would say the story makes sense, and when he says he is just visiting, he probably means he is visiting to take advantage of holiday shopping at a HUGE discount with trash american money. He might even be scouting opportunities to buy good that he can import back to UK and sell to finance his trip or make money. That is all fine and dandy, but I would still be a little nervous with a 40k deal.
When dealing with consumers, I always do my buying and selling in cash. I would insist on it if he is international. Go to your bank with the man to deposit the money, this will assure the funds are good, the bills are not fake, or hot (the chances are very unlikely).
I have a question too. If you sell a car that is insured and sell to a scammer, does insurance pay for it if the funds never show up? I would think they would because the bill of sale is null and void if the funds are not swapped? I would think it's stolen.
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