With a welded tag... I wouldn't touch that car with a 10 foot pole... and any DMV inspector worth anything would impound the car until the owner could prove it wasn't a re-body, vin swap, or stolen. The VIN tag on these cars is the only place where the actual vin appears on the car and to have it buggered up like that is a red flag! The tag should be as appears in the second post. Spot welded to the "A" pillar with the alignment holes open and clear.

What does the fender tag look like???