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Now's the time to get a TR4 or 4A before its too late. The numbers coming up for sale have been diminishing quickly for a few years now. Too many have been scrapped and what's left has been rode pretty hard. A good one will just keep racking up the miles and they are easy to live with. I don't see any decent running cars under $10K , does anybody?
I agree. A good TR4 or 4A is getting hard to find, though a friend of mine really blew it on a "one owner" five months ago. Lost the bid playing around. When you know what you want, just do it would be my advice. But I wouldn't buy without actually seeing the car, and all consideration would go the the body. I'd much rather get a good body up front and spend my money making it road worthy than parking it for a year with a shop that wanted $20K to restore a bunch of rust and misaligned body panels. If a car has very good sheet metal and is well cared for, I'd not worry about the little stuff--and all of the following are little compared to body an overhaul: brakes, interior, carpeting, wheels, tires, tie rods, ball joints, and even an engine and transmission rebuilt. Piece of cake compared to any kind of body mess. Of course some of the body folks around here make that work look easy.
So, anyway, yes, I'd go for a good TR4 or 4A any day and put the premium on the body--and see it with your own eyes.