Good morning all. So I am looking to buy a MG Mgf on a 98 plate, 45,000 miles. New hood and well looked after. What sort of money should I be looking to pay and any tips on what to look out for. Any advice would be appreciated.
When you buy any car that is 20 years old or more you will need a piece of string. Don't ask me how long it is - but do find out; the condition, history, number of owners etc. These imho are more important than the price. (work done, different driving styles). There are posts about buying mgf's and what you have to look for. I would hunt these out first. Go in with your eyes open so to speak. How much are you willing to spend after purchasing a car is a question you must ask yourself? The biggies - £5-600 clutch, £700 Head gasket.
I start at the bottom of a car and work up. If you are unsure take someone along who is experienced. Not a mate who says he is.
As an example my MG is well looked after but it is not perfect and still needs work doing. It had a leaky wheel bearing. That sort of thing would be tricky to find. It is about finding out what it needs before you can ascertain a price.
Go see it twice. Make a list then price up the work. Have a contingency fund.
If you are not going to keep it long term and it needs work. Will you recoup your outlay when you come to sell?