3/6/2014 Update: This Lola has been sold.

From 2/5/2014:

This 1978 Lola Formula Vee (chassis HU-25) has been fully restored and prepared for vintage racing. The car has full log books since it was purchased new from Carl Haas Lola in 1978, and has SCCA Pro Super Vee and USAC mini Indy race history. The car is powered by an 1800cc water cooled VW block with Bertils head and 45 DCOE Weber carbs. Only 26 T-620 chassis were originally constructed, and 14 are believed to still exist, but few can claim the originality of this chassis. It is now available in Anaheim, California for $23,500.

The chassis and body are fully sorted and turn-key. It has had four owners, but the current seller bought the car new, then sold it, and then bought it back from the third owner. The car turned solid 1:30-32 lap times at Willow Springs (Big Willow) despite hard compound tires and the anchor of her original driver bolted in. At 1100 pounds with driver, the performance is quite good according to the seller. It had several wins in the ’80s in SCCA club racing with multiple podium finishes.

The engine was built for multiple-season vintage racing with reliability and enjoyment in mind. It has been dyno tested at 181HP. The build is impressively sanitary, and the engine is constructed period correct. The transaxle is a Hewland Mk9 5-speed. The entire chassis, including engine and box, has less than 4 hours on it (including dyno run-in).

The seller says that the tub has never been damaged, and the suspension corners are original with the exception of a right rear lower control arm that was repaired after improper jack placement 25 years ago. Check out this YouTube video for a flying lap of Willow Springs.

Check out the additional photos here in the Flickr album and slide-show below.