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I'm assuming you let him drive away with the car as a gesture of good will on his down payment. If you have paperwork that signed that states "as-is" on point of Sale, and it's signed already by both parties, then his legal recourse is none. If he decides to still back out, then you can enforce by taking your car back (you still have the title and technically are the owner) and not give him/her back the deposit. OR you can cancel the purchase and give him back his deposit....less some $$ for the fact he drove your car around. The depost part is up to you.
Bottom line is the title is in your hands so YOU are the owner, and the contract states his intent to buy "as is". You should try to work it our though.....
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