This old 1978 Lotus may look very clean, but that’s because it’s made of fiberglass and it doesn’t rust. However, it’s not a runner, its brakes are bad and there are several other things wrong with it too. Model-wise it’s a 1978 503 Elite (the earlier Type 75), of which 2,535 were built from 1974 to 1982.
This particular car features the standard 2.0-liter 907 Lotus engine that does turn, but only by hand. When in working order, it could make as much as 155 hp; later in the models life it was replaced by a 2.2-liter unit and in 1976 and automatic transmission was added to the range.
It also comes with quite a few factory extras, being the desirable 503 trim level with air-con and power steering.
The owner says that the only part of this car that’s prone to rust, the backbone chassis is in fine condition and doesn’t need major refurbishment. He wants $4,500 for it and says would make an excellent project car. Included in the price are all manner of spare parts that have been already purchased and need to be installed.
By Andrei Nedelea
Story References: eBay
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