That is the Inferno 7.5 readyset.
It's pretty much a piece of junk. throw away the shocks.
The washer inside the shocks that holds the piston is made of a very low quality metal and will wallow out causing the piston to tilt and stick in the Shock chamber.
You can probably chuck the servos as well, they are all plastic geared.
The chassis is very weak and will bend if your track has any large jumps.
It has grease in the Diffs, unless they have been changed out.
The pinion gears are made of aluminum for some reason, or a REALLY low quality metal and will shred themselves quickly.
Obviously, dogbones are not preferable over CVDs and it has dogbones all around, unless they have been changed out.
Much of it is plastic that NEEDS to be metal in an eighth scale buggy. For an electric conversion, you could keep the plastic Spur, which is recommended.
That car is how I was introduced to 1/8th scale and I almost quit, until someone gave me a real 7.5 inferno (which was not a bad buggy)