your rightt, and i couldnt like keep my title untill he finished payin could i?

 

Not if you give him the truck and he plans on registering and driving it. If this is a deal you really want to make happen, you're probably better off paying off his truck as part of the deal and having a lawyer draw up a contract to PAY YOU OFF on a schedule. This way you have clear title and so does he.

The problem here of course is if he stops paying you. Again, winning in court and collecting a dime are two different things, trust me on this, I sold a small business in 1993 to a guy for $115,000. Got $45k up front and had established payments of $1500 a month until it was to be paid in full. Had a lawyer protect my interest best could be done by law, had a promissory note and took a lean on the guy's house. I got four payments and the guy filed for bankruptcy. Judge ruled 100% in my favor but the guy showed NO assets and I was last in line on dibs from his house sale cause it went into foreclosure. I'm still waiting to collect anything over those first four payments.
I know this is small potatoes compared to that, but just be prepared to be out that $2000 he'll owe you. Might be the guy is straight up, but he'd be in the minority if he is...

 

Ain't no way I would do either deal. Plus, if he still owes on his truck, their is a lean on the truck and it would be impossible to transfer the truck until the lean is released.