A bargain or an MX-5 shaped money pit?

A bargain or an MX-5 shaped money pit?

Author
Discussion

Cfnteabag

Original Poster:

1,195 posts

196 months

Friday 27th February 2015
quotequote all
I was having a conversation with my new boss about her Mercedes SLK and the conversation moved onto car history. She told me about her previous supercharged mk1 MX-5 and the mk2 she replaced it with, casually mentioning that it was still sat on her drive and she was looking to sell it. At this point I should have moved the conversation on as I am 90% of the way through a Land Rover series 2 rebuild, I have just sold a moped that I bought for no reason and I am trying to sell my van.

However she then mentioned that the first person to put £200 in her hand and turned up with a trailer could have it! That was it, I knew that I had just over £200 at home after selling the moped and a bit of a shed clear out. I had admired the MX-5 since my friend owned one about 10 years ago, I was hankering after another rear wheel drive car after talking about my old 200sx and this MX-5 was a bit special, but more on that when I get it home!

I just need to get hold of a trailer now! Plus I haven't actually told my wife yet, at all, that conversation could go well!

Mattlan

394 posts

205 months

Friday 27th February 2015
quotequote all
I don't know how experienced you are with Mark 2 Mx5's, but I understand that ( beyond the usual sill and rear arch rust issues) the big issue is with the front chassis legs rotting out underneath the engine bay tray supports a la : ~





But hey, for £200, you could part it out and get double that quite easily.

Wish my boss was quite so generous!!

Good Luck!!

Munter

31,319 posts

241 months

Friday 27th February 2015
quotequote all
Should you find the front chassis rails rusted out...

http://www.themx5restorer.co.uk/pages/parts-for-sa...

How is your welding?...

Cfnteabag

Original Poster:

1,195 posts

196 months

Friday 27th February 2015
quotequote all
I am aware of the rusty chassis rails and I think this will be what will stop me getting it back on the road and parting it out or turning it into a kit car.

Those panels seem pretty cheap though and my welding is unpracticed I could always learn!

james_gt3rs

4,816 posts

191 months

Friday 27th February 2015
quotequote all
£200 for a supercharged MX5? Are they on drugs?

Cfnteabag

Original Poster:

1,195 posts

196 months

Friday 27th February 2015
quotequote all
This one isnt supercharged, this is fitted with a turbo and front mounted intercooler, coilovers and the most complete service history I have ever seen! There is recepts for wiper blades and decals! The turbo kit was all bought individually from all over the world.

It has been sat on her drive for 2-3 years and her and her husband are fed up of it and just wanted it gone, I thought she was joking when she said £200!

I havent seen the car in the flesh yet but I am pretty confident even if i parted it out I could at the very least get my money back! I am waiting for her to email me over the pictures today so I will put them up when I get them

yellowstreak

614 posts

152 months

Friday 27th February 2015
quotequote all
A £200 turbo MX5??? What an awesome find. Please follow up this thread when you get it.

Munter

31,319 posts

241 months

Friday 27th February 2015
quotequote all
With a turbo kit and if you fix any rust/cosmetics, that's got to be worth £2k I'd have thought.

Medic-one

3,105 posts

203 months

Friday 27th February 2015
quotequote all
Cfnteabag said:
I just need to get hold of a trailer now!
I had to move my GT (1800 kg car) a good 80 miles to another company whilst it was off the road with engine rebuild and after getting nowhere trying to find/hire a trailer i went onto that anyvan.com website, posted up the job and had some good quotes come in, and ended up paying almost half of what the trailer would have costed, for a guy with a recovery truck to collect the car and drop it back off (all insured etc), so it might be worth looking into that wink

Cfnteabag

Original Poster:

1,195 posts

196 months

Monday 2nd March 2015
quotequote all
This one is only 5 miles up the road so if I can't borrow a trailer I'll hire one. Friday is the pickup day!

Got these pictures today from my boss.





Finally told the wife as well, didn't go down very well!

Buff Mchugelarge

3,316 posts

150 months

Monday 2nd March 2015
quotequote all
Jammy bugger!!

That's easily £1000 in parts right there if you brake it, I hope you don't though. It looks like a really nice, worthwhile project. thumbup

MrMoonyMan

2,584 posts

211 months

Monday 2nd March 2015
quotequote all
Whaaaaaa?

That's a steal. You lucky thing. Keep it forever as it's practically free!

Mattlan

394 posts

205 months

Wednesday 4th March 2015
quotequote all
Christ, you spend months checking Ebay, Gumtree, Cheap cars in West Yorkshire,preloved, Facebook pages, etc etc looking for a half decent (ie not too rusty) MX5 for a sensible amount of £££ to be able to renovate and sell on (never for a profit, just like keeping them on the road) and then your boss goes and gives you that!

there would be trails of dust where that car is I'd have it away so fast!! laugh

There's near enough £200 in body kit and wheels alone if it comes to it!

Edited by Mattlan on Wednesday 4th March 14:35

andburg

7,273 posts

169 months

Wednesday 4th March 2015
quotequote all
Jammy sod...yo never mentioned the Mk2 was turbocharged!

good little earner there even if you break it!

Cfnteabag

Original Poster:

1,195 posts

196 months

Wednesday 4th March 2015
quotequote all
That is exactly why I am facing the wrath of my wife to get it! Even if I get it home and the front rails are shot there has got to be close to a £1000 just in spares.

Found out today its also got a mohair roof that was fitted about 7 months before being parked up and she is going to chuck in a load of parts she has lying around!

gforceg

3,524 posts

179 months

Wednesday 4th March 2015
quotequote all
And you are POSITIVE it's hers to sell and she isn't just getting rid of it out from under an ex-boyfriend?!

Bobby bargain.

Steffan

10,362 posts

228 months

Wednesday 4th March 2015
quotequote all
That does seem a very genuine car from a genuine seller.

I do wsh the OP well. If it runs with that spec a bit of welding is really not too bad at all. Go for it OP I do wsh you well. Excellent buy I would suggest. On the not entrely happy wife front I recommend caution and finding a way to ameliorate her concerns. Experience has taught me over many years and relationships that a quiet lifeat home is definitely worth the effort. Good luck with the car!

Cfnteabag

Original Poster:

1,195 posts

196 months

Wednesday 4th March 2015
quotequote all
She is coming round to the idea to be honest, she told me she is going to nick it when she goes back to work!

Steffan

10,362 posts

228 months

Wednesday 4th March 2015
quotequote all
Cfnteabag said:
She is coming round to the idea to be honest, she told me she is going to nick it when she goes back to work!
A double win then. New (to you) and exciting car and happy wife. Over the years I have upset too many women. Something I gave up some time ago. Unhappy women make seriously bad partners. Best not to risk upsetting them seriously. Enjoy the car that looks like the best buy I have seen this year.

Excellent purchase. With history and a turbo and all the other bits? Superb bargain must be worth five times that figure? Well done indeed.

I think I will be consulting you when I am looking for another MX5! Slight downside of some ten Sports cars to sell first. Hence my experience with unhappy women!

yellowstreak

614 posts

152 months

Thursday 5th March 2015
quotequote all
Fortune favours the brave! I will hopefully have the chance to pick up a 135k Mk 2 1.8 that has been sitting on a friend's drive for the last 18 months unused. It doesn't have a turbo, but I plan to fix that. Once I've managed to modify it so that someone 6'4" can fit!

I'll be following this thread with great interest.