There are a few weak points I've noticed owning three Spitfires - '74,'78 and now a '73.
*The metal underneath the top door hinge on both sides is not strong enough - it is prone to cracking - easily seen just by opening the doors.
*For some reason they thought that painting the underside of the windshield frame/wiper arm mount area was a bad idea - good advice to paint it with ANYTHING.
*The universal joints in the rear axle seem to last only a few years.
*Thrust washers fall out - you can see if they are worn/gone by running the engine and pushing the clutch in and out while looking at the front pulley for movement.
*If you have an intact battery tray I recommend protecting it with grease or something. Maybe even worth it to get an Optima battery.
*The 1500 seems for some to run hot, or overheat. I have NEVER had this problem, but it is a good idea to keep the radiator as new as possible. It's probably worth it to get it dipped and sealed again if you think it might give you trouble.
*This may sound crazy, but make sure there's fluid in the trans and diff. Some people run them dry without knowing it.
*There is a tricky safety system in the brakes on the Spitfire: below the master cylinder there is a bypass unit, which in the event that the front or rear brakes lose pressure a little hydraulic switch will flip inside so that you do not lose your brakes entirely. If you do not know EXACTLY what you are doing with bleeding brakes don't even try to do this yourself. This can be very difficult to fix.
*Funny thing about Lucas electrics - I like them. I think it's an absolute myth about their unreliability. There, I said it. If you can operate a wire brush you can fix electrical faults in a British car.
*That said, there is one curious design issue with the license plate lights on the Spitfire - the bulb can fall out and into the housing. The bulb is the only thing holding the two contacts apart, so when this happens it puts a huge load on that system, then blows a fuse. Took me a while to figure that one out!
*The heater valve control cable swings dangerously close to the positive side of the battery. I have accidentally touched the cable to the battery, and two weeks later mysteriously my alternator went up. Big surprise!
*You may want to remove the drain plugs in the trunk. This in my opinion will save your trunk and your outer fenders. Amazing how rust won't start when the water can evaporate!
*I can't think of much else, but I did have a wheel COMPLETELY fall off because of a faulty bearing. It was the hottest day of the year, and I was on my way on a camping trip, when the car started wandering all over the road(NOT a Spitfire trait!). I pulled over, gave everything a good shake and couln't see anything wrong. I decided to drive home slowly, and BAM! The entire wheel, hub, rotor, brakeline and caliper were rolling next to me down the road! BIG mess. The problem was the bearing seized, and was spinning on the spindle. After dissasembly I noticed that it was blue - like a motorcycle exhaust pipe. The spindle had heated up so much that it broke from the weight of the car. So it's worth it to pull the hub off and check the bearings!
I find the Spitfire to be utterly reliable - I wouldn't hesitate to drive them anywhere - after you change the fluids and everything is good and safe. I also have been in an accident in my '78, and it faired unbelieveably. I struck a Caprice classic - T-boned it going about 45MPH. The guy was reading while he was driving - unbelieveable! His car was COMPLETELY caved in, and the Spit was just "crooked". It needed a new bumper, the frame laser straightened and there was damage to the hood, signal and the jam between the hood and door. Let me tell you - seatbelts save lives!
Enjoy your Spit - looks like you've got a really solid example.
Adam.
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1973 Triumph Spitfire.