Does it run?
That's relevant information...
It is irrelevant. Cars aren't valid collateral if you aren't an organized istitution. There is plenty of paperwork required THEN you may go visit and check if the car is working properly.
Too much of a hassle for 1 BTC profit.
A prospective lender wouldn't be the first to receive a car without paperwork and get immediately sued for theft.
EDIT: He is asking for money both on BTCJam and here ---> scam potential 99% once site gets back up I will report him.