More often than not, old tube ams need caps. Sometimes one or two, frequently most of them. The longer the amp has gone w/o being powered-up, the more the oil in the caps "settles," or leaks out altogether. If it hasn't been powered up in a really long time, best to do it on a Variac. If you power up an amp w/ dry caps, you'll probably fry a lot of good parts. An easy but unreliable way to check caps is to look for signs of leakage, and swelling on the ends of the caps. (Don't even attempt this part if you don't know a fair amount about tube amp safety.)
Honestly, I think the "deal" factor on amps like this is the desire of the purchaser to own one. $200 is pretty reasonable, even for a parts amp, but you'll almost certainly put another $200 into it in tubes and caps, if not more. If you would pay $400-500 for a tuned-up, sweet-running V4, then its a killer deal, especially since you got it on a "payment plan" and you will know its condition exactly. If this is more about curiosity, the desire to try an amp that other people rave about, or a potential profit opportunity, then its a bad call.
BTW - I'll give you $210 for it.