Hi Paul,
Now that looks like a good project car, one that's been used and then just forgotten about. IMO the best sort of project to get, rather than one which has been hacked around. Some period or original fittings as well which are now hard to come by - the Cosmic wheels, the steering wheel, The Lotus Mk1 Rear Deck Prop (
), so yep, a good project.
I've always bought running cars before and my usual approach has been to look over the brakes & steering to get the car mobile and then start making lists. I usually sort out brakes/steering and unless they are obviously new I replace the suspension/bushes as my first jobs because Lotus cars are all about ride & handling. Engine/gearbox comes next and finally interior trim and bodywork. If you're planning to get someone else to do the bodywork then you'll have two streams in parallel and get a faster result - cashflow permitting !
I don't know your background so at the risk of "teaching granny to suck eggs", I'd go cautiously on the bodywork for now. Polish might just get it "good enough" until it's mobile and if the car has sat for a while then the mechanicals might take up an unexpectedly large portion of the budget. A proper respray on a fibreglass car tends to be very expensive in the UK and I expect it's the same over there. For example people are paying £8k for good jobs on Elans and I've heard of £10k from some places. I would expect a Europa to be similar, and that's a big chunk of the finished car's value.
But again, a great project and I'm looking forward to the updates !
Brian