[4RE KLR]

Nope, Kristen had already taken ownership and possessionof the Cobra prior to that event.

Fred,
You are so close. So Close...

Hints:
Gary had indeed sold the car to Kristen before the Austin event that year.
The answer does have to do with that sale of that particular Cobra.
Kristen is indeed a very trusting person.
Gary is indeed a very trustworthy person.