MX5 project - talk some sense into me / what to pay??
Discussion
I have the possibility of picking up a cheap MX5 for the summer. Do I or don't I? I just can't seem to make up my mind either way.
I have found for sale privately a red N plate mx5 (says mx5 not eunos, however, it has the bolt on fog light so not 100%). It has done 101k, and has all the old MOTs present. It has been sat in a workshop for sale since before christmas, and has just got progressively dustier. It has a flat tyre, flat battery and no tax or MOT i could find in the history although the seller thinks it still has MOT for a few months.
Now the crunch - the price - £650 on the screen, but I'm not prepared to pay anything near it.
Is it worth taking a punt for £250 - £300 on it? A battery and MOT will cost me nearly £100, without any work required, then tax on top. Am I being stupid, and should I go for it? Or should I just buy one with MOT and tax?
Will I be able to sell it without losing on it if I was to sell towards the end of summer? What sort of price would you expect to pay for a N plate MX5 with 100k on clock and an MOT?
I have found for sale privately a red N plate mx5 (says mx5 not eunos, however, it has the bolt on fog light so not 100%). It has done 101k, and has all the old MOTs present. It has been sat in a workshop for sale since before christmas, and has just got progressively dustier. It has a flat tyre, flat battery and no tax or MOT i could find in the history although the seller thinks it still has MOT for a few months.
Now the crunch - the price - £650 on the screen, but I'm not prepared to pay anything near it.
Is it worth taking a punt for £250 - £300 on it? A battery and MOT will cost me nearly £100, without any work required, then tax on top. Am I being stupid, and should I go for it? Or should I just buy one with MOT and tax?
Will I be able to sell it without losing on it if I was to sell towards the end of summer? What sort of price would you expect to pay for a N plate MX5 with 100k on clock and an MOT?
Afraid not - just had a quick poke about while i was getting my tyres changed. I know it's N reg, got 101k on clock, has all old MOTs and no tax / current MOT. No rot to arches, but a flat tyre and battery. Red and dusty. Tyre fitter was Polish so not alot of help to fid anything out other than it belongs to the wife of the landlord of his unit
If you can get it for a few hundred it would be worth a punt. Are there any MX5 specialists near you?
On a separate note, I was reading of someone who got one for £200, the dealer took it as px and wanted shut - couldn't sell it as no one was interested. The guy broke it and sold it off, especially the £500 worth of turbo kit!
If you can get the details it would be worth checking the past MOT's online just to check if they have tried to MOT it and it failed massively. If you get what I mean.
On a separate note, I was reading of someone who got one for £200, the dealer took it as px and wanted shut - couldn't sell it as no one was interested. The guy broke it and sold it off, especially the £500 worth of turbo kit!
If you can get the details it would be worth checking the past MOT's online just to check if they have tried to MOT it and it failed massively. If you get what I mean.
swampy56 said:
What's the roof like? As there quite expensive with fitting! Every one should own one of these in there lifetime, absolute dream to drive.
Vinyl roof can be had fitted for £300 or so.All I would say is check the sills for rot, and check the tappets quieten down after a bit of running (may take a few mins if it hasn't been run for a few months. Cracks in the hood would be a good bargaining point.
If you can get it for £500 or so then go for it. Even if it is a complete dog you would be able to break it for more than that.
Can these cars get any cheaper?
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