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Aside from the seller proving that he can not be trusted, I would back out of this deal for one reason: you do not want to be buying any exotic car from someone who cannot afford to own it. I'm not sure how long he has had the car for, but if its any length of time, I would be extremely cautious. The guys who have cars they can't afford are the ones who don't maintain them the way they should, may park them outside, and may not even be knowledgeable enough to know how to properly drive the car.
If you already have plans, run down there and check it out. I would never buy a car like this without a thorough PPI. If everything checks out and the car really is what you want, go for it.
It is worth noting that the 99s are probably the least desirable year, and you will pay for that on the other side when you sell the car down the road. Whatever is saved now, may not really amount to savings when everything in factored together.
Patrick
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