I can't comment on the Elephant, as I've never driven one, but I do own a 2011 Fit that I have tracked. With the rear seat folded down, it is cavernous, and unless you own a whole flock of Newfoundlands, your dogs will be happy. It easily gets high 30's on the highway (low 40's if you don't drive like me) and has been bulletproof reliable.
A couple of years ago,I took it to an HPDE weekend when my turbo Miata was suffering boost control issues I couldn't work out in time. I figured since I'd spent years mouthing off about how a low powered car was ideal for learning to drive smoothly and fast, I'd put my money where my mouth is and take the Fit. It's entertaining on the street in a momentum car sort of way, so what the heck? The stock front pads had 80% left, and the stock OE tires were getting a bit low, so I figured I'd run them off on the track since it was October and I'd be putting the snows on shortly. With the low power, I figured the brakes would be fine.
The brakes lasted 3 laps before I had massive pad fade, and they were completely gone by early Sunday afternoon. However, $55 at a nearby NAPA and I was back in time for the next session. The outside front tire suffered unspeakable torture, and the outside edge simply disappeared. I spent the weekend rotating tires, and had enough tire (well, in the centre at least) to get home.
How did it drive? It was hilarious! Massive body roll and grinding terminal understeer. I tried "slow in, fast out". The "slow in" part was good, but "fast out" wasn't in the cards. Because of the body roll, the inside front tire would simply light up when I applied "power". I did eventually derive a compromise that worked for the tires, brakes and handling. Sound like a miserable weekend? Not at all - I had a complete giggle. I did spend a lot of time making sure I stayed out of everyone's way and the corner workers dubbed it the MisFit, but it was hilarious good fun.
If I was to do it again, it would need proper brake pads at a minimum, some suspension work to tame the body roll (it desperately needs a rear sway bar), and proper tires (without so much grip as to make the body roll a problem). Bear in mind I was running in the advanced group with some pretty fast cars. For the last session of the weekend, some of the run groups were lumped together, and the organizers put me in with the joint novice/intermediate group, wherein I was pointed by an E46 M3 and an E34 M5 (both driven by novices). That was fun! In subsequent events, I found people remembered me as the "crazy Fit guy" far more than they did for my very fast, very yellow Miata!
With proper prep, it would be a reliable and usable HPDE car, and an extremely useful daily driver.