For something that could only be used as a track car in California, no, $7500 isn't worth it.
Now, if you live else where, it seems like a decent price. Let's put it this way, you couldn't build that car for $5500, let alone $7500. Now pictures don't tell you how it runs, nor do they show you suspect areas on the car.
Ultimately, I'd wait so you can check the car out in person.
Also, next time use the small questions thread. This doesn't require it's own thread, because honestly like was stated, the decision is up to you, not a bunch of random dudes on the web.
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