pitfalls of a heap mitsy gto?

[h4muf]

.Evening all.


Iv`e been offered a 1991 on a h plate mitsubishi gto twin turbo that i consider cheap.

The cars runs ok,nice box in her,drives spot on.

It`s black with white enkei 17"five spokes,tein suspension,hks filters,big fart can etc
although it`s not "that"fast and furious,it looks quite respectable.

It`s got no ticket on her though but there was a load of work done for the last one and it`s only done 2k since.

No dinks or dents on the body except for a slight scape about 10 inch long on the rear quarter.

Thinking about buying it for lemans then selling her on later.
Is it worth £650?
And if it goes belly up would it break for more than that?
Cheers chaps for any responce,good or bad.
Regards
Lee.

[julian2002]

if the gearbox and engine are good (no grinding going into 2nd or 3rd, minimal lifter tick - or conversion to mk3 lifters, recent 60k service etc) and you have the facilities to break it then you'll more than make your money back - i recently paid 450 for a gearbox and transfer box alone so that'd leave you 200 quid to break even - i suspect you'd get that for the exhaust. GOOD parts for these cars are quite rare so they can be goldmines - it'd be a shame to break it though if it's running fine - better to chuck a grand at it, get it a ticket and tuneup and sell it on for 3k - double your money for little effort.