Hello,
Silly maybe, stupid I don't think so!
I have weight very carefully all the info collected on internet, I have decided to walk away from this car for many reason.
The most important is that there is something fishy about the seller, he made too many mistakes when answering simple question. His attitude was pushy and impatient.
As for the car there were a lot to do to get it right, the compression test did not impress me nor re insure me. The car was obviously under used, he claim 4000 km in 3 years, the car was not cared for. And base on my understanding this is not a good thing for an Elan.
I am not desperate to buy a lotus, but I will eventually... The right one that's all!
I have bought a fair bit of classic cars before, it is always a gamble which I take happily. But only if I have a good feeling. This time I didn't!!!
On top of that there something called COE in SIngapore, it stand for Certificate Of Entitlement. It's a piece of paper that you buy from the government that cost currently euro 13000 on top of the price of the car. This COE is valid for 10 years, after which you have to renew with a similar cost or you must de register your car. (Scrap it or export it). The Elan COE expires in 01.2013, so financially I can't justify EUro 4/5000 of rebuild before scrapping the car or paying again for the COE.
So please don't be so judgmental and trust one's instinct.
Cheers
Andre