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I sold a car I had financed over craigslist. Only difference is I didn't require an initial deposit. The guy flew in on Saturday and we drove to my bank where the title was waiting. Tell the seller to give his bank a notice about a week ahead of time that he will be selling it so they can order the title, pretty sure most banks don't have them on hand. The guy wired in money ( To the bank. Not my account) that day and they released the title to him on the spot.
If you plan on wiring talk to your bank and his to see what the turn around time is for the funds to actually hit. His bank and mine just happen to be affiliated so there was no delay.
Hope that helps.
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