Hello all, I just joined the forum. Letting you know that I purchased this car. Jon is correct. It looks much worse than it is. The frame only has light surface rust on it from recent exposure to elements (in the picture showing the chassis number it looks like the frame tube is rotten but that is just the paint peeling and some shadows.) Frame, suspension, drivetrain (other than wiring), and the wheels are all good. Decent bones for a project. I have a Jensen Healey so I did have thoughts of using a 907 motor in a Seven (particularly after reading this article - http://gglotus.org/blog/tag/lotus-7/ ) but after seeing this car I was impressed by the little 2TC Toyota motor - alloy, cross-flow, pushrod hemi - not a lot of power but it looks right! It has a header and a single side-draught Weber so maybe the stock 70hp has been bumped to 76! When researching the engine I did find one racer in the US who managed to get 358hp out of a 2TC! Even a highly-modified 907 would be hard pressed to push that hard. Besides, I'm a sucker for the underrated and unwanted - as is obvious from my purchase.