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Honeybee

Is a Racer Elite '00 Container worth $400

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You're asking a very unreliable pool of people on advice on equipment they've never need. Find out the new cost of the container and then find out how much it's been jumped and the rig's condition. Once you know this you could probably ask a gear shop for some advice. And provide a little courtesy and buy something from them at the same time.
"I encourage all awesome dangerous behavior." - Jeffro Fincher

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A very course (broad brush) "rule of thumb" to answer your question would be to take the $$ of a new Racer minus $1 for each jump is on this used container you're polling about and then see if $400 is a good deal or not.

However, having said that, there are A LOT of other varriables which makes this a big "depends" kinda answer.... for insance, the actual condition of the rig in question (i.e. its got a high number of jumps, but was well taken care of... or its got a low number of jumps, but the owner used it for his intentional saltwater landing training & landing volcanic rock PLF training & power line landing training) and/or what kind of canopies you're thinking on putting in it.

If you're really interested in buying a Racer, call Nancy at JumpShack.

Good luck.

:)

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