Exterior and interior (what I can see given the dark shadow) are very good. The underside however... rust bubbling up on the frame pr
pealing paint? The frames are light gauge sheet steal, usually protected by oil leaks. Check the front strut towers. They are the worst spot for rust. Transmission mounts crack (cheap & easy). The rotoflex donuts should have no cracks and a failure can rip the back of the car off if the correct S4 differential & hubs are not installed. Differential castings crack at the upper mounts. Look for the dread plastic fuel line & T. Test every switch, control, compression test, wheel bearing...
They are all a bit twitchy to drive. Transmissions shift like a dream. If you can drive an Elan smoothly you are a good driver and you can go quickly.
Seems like a cosmetic restoration. For that kind of money I would like to know who built the engine and when. A compression check is in order.
Call the guys at Dave Bean Engineering and JAE to see if they know of the car or can recommend someone who knows Elans that can take a look.