It only burns hella oil when you run the shit out of vtec. As for being slow, of course it will be slower than an m3, but Ludes aren't that slow. At lease mine isn't. Also, you can do better for that price.

It may be the lighting, but it looks as if the air bag is a different color grey than the steering wheel.

I wouldn't buy a Lude that's all jacked when you don't know what exactly happened to it.