The car is in great general condition. Rust is hard to find and no bondo was ever used. The drivetrain was uncompromised, and great attention to a quality build is evident. It hasn't been raced since Summer of '04 in Naples FL, and previous time slips were lost during the rebuild process. Fabulously rebuilt by Dave Himes AutoMazing of Westfield Indiana, the stunning Ford Bright Red #2 looks like a GT should, including the factory matte black hood decal. It is race ready, although I'd just do the basics (fluid check or change, line fittings, good purge etc.)
The heritage of this type of modified production car speaks for itself. Check some of the E.T.s of similar cars.