Hey Croc,
Thank you for the input and yes, the car has been for sale for a few years but no one has snatched it up. I wouldn't be doing it for a profit, sheer enjoyment and for my collection. Of course, I'd keep it for years to come once finished, so maybe the value would increase over time. I am 6'5" and the seller is 6'2" and says he fits nicely without seats, no way I can fit in a early Seven, it has to either be this or a new Caterham.
The original color was red, so I would paint it red and bring it back to originality. I did read that they are a little stronger/stiffer than the S2's & S3 Sevens. I would do all the work myself and only have a paint shop paint the car for me. It seems feasible to finish the car with my budget, especially since he has all the parts except windshield and seats which can be fabricated or I just put race seats in it and be done. It would be a fun project and finished car for years to come. I just need to know some people who know the car more than I do, if I decide to purchase. All in all, I do believe it would be a great deal, if I could get the right price. I am a Lotus Enthusiast and I think it would be a great part of my growing collection.
Thanks again,