This item is a racing car model kit assembled from parts made of resin, white metal, photo-etched metal and possibly other materials. It requires both cement and painting to complete or use.
Here's a typical Studio 27 Masterpiece -- this complete kit (no engine detail) lets you put together a beautiful rendering of the Lotus 91 it appeared in the Austria GP in 1982 (Penthouse markings). Resin body, white metal suspension and details, rubber tires, turned-aluminum wheels, photo-etched trim parts. Well-illustrated instructions are in Japanese only, but if you're an experienced multi-media kit modeler you shouldn't have any trouble. Recommended!