If your renter doesn't have the chunk of change necessary to buy the car, you don't REALLY want them driving it.

I knew a guy in Seattle who sold the same car over and over again. He signed a contract with the buyer to take a down payment, and monthly payments to pay it off in one season. He also provided storage and at-track support with the sale (great deal, eh?)

The kicker was that the contract said that if the buyer ever missed a payment, ownership reverted back to the seller. I know he sold that car to at least two different people who ran out of money before they paid it off. And because the seller kept it at his place, he never had to repo the thing.

K