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That is the direction I intend to take after this deal is done.
For me, my word is my bond - I will not beak it.
IMHO, if you remember giving your word to do the bodywork and paint, then you need to be true to your word and do that.
My suggestion is get that done as you promised, then give it back to him. You should not feel backed into a corner to do anything else.
And the relationship is preserved?
Yeah...The guy said that in the interest of keeping the friendship, he was willing to admit that he may have misunderstood the offer. He even offered to help with anything I needed on the car in regards to documentation, historical data and so forth. He didn't want a car to tarnish a friendship. I was impressed and humbled by that.