Good luck, hope you enjoy it! The money you would have paid to do the same mods may actually end up being less expensive for you. And that is an amazing friend to gift you the extra to buy it. But as a failsafe I would get it in a contract and signed. That way down the road there isn’t any missed communication(or remembered incorrectly) I had 2 great friends do this without any thing in writing and it destroyed their friendship. Get it in writing, enjoy the car and take your buddy for lots of rides! As for the insurance brought up on another comment, you can value insure the car. Mine was at $32k I believe through something like Haggerty
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