[SteveR]

LT-1s leak around the intake, look around the back if possible to see if there is any oil leaking out of the back.

Check to make sure the headlights go up and down, and listen for any unusual noises like binding.

When you drive it, make sure each gear shift is smooth and that the trans doesnt want to throw the shifter back out.

Listen for excessive whine from the rear.

Go over some bumps and feel/listen for looseness in the front struts.

Also when you go over bumps, feel if both struts are behaving the same and that one isnt stiff and the other loose.

Check the nose for excessive paint cracking, same with rear bumper.

Ask how old the clutch is.

Check and see if the 'ABS INOP' light is on, the ABS brain module is expensive and not as easy as other parts to find. And it'll fail you for inspection.

If it has a fiberglass hood, check around the hood latch to see if its cracking. Mine eventually broke and I had to replace the hood at a cost of $1000.

If it has manual electric radiator fans, make sure they work.

Make sure to check the power steering rack and hard pressure lines, nobody makes aftermarket replacement parts for it so if there is a leak or crack in it, you have to replace the entire rack, or find someone willing to fabricate some pressure fittings for you if thats whats leaking.

Check to make sure the oil is clean and that the level is correct. LT-1s tend to eat oil and if the previous owner ignored it, it could have potential engine damage.