thanks everyone for your $0.02....  
I figured that i would have trouble with the DMV registration, but that 's okay...   
*The guy said that he drove it back in '02 and that he just needs to get rid of the car because he has his other car, a mustang and its parked at his mom's house and she wants it out of there...  his loss could be my gain i thought!!!  
btw, i already have a 1974 260z sitting at home already.. i could use it for parts.... hmmm  
Ill give him $250...  
Thanks again...