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It sounds like the seller wants to sell the car now, not later. Not an unreasonable position. The Hershey swap meet is two months away. A 50% deposit indicates that the buyer is not fully comitted to buy the car at this point in time. A non-refundable deposit, backed up with a legal contract, is another matter but the seller is still out the use of half of his money, for two months.
My advice to the buyer would be to arrange for a mechanical PPI and a separate body inspection by a restoration or body shop familiar with these cars. If all goes well, I'd suggest that he then hire an attorney to provide an escrow service to complete the transaction. All that would be left is insuring it for the two month's storage time and finding a safe place to keep it.
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