Buying an old LBC is like getting married. You are taking a chance. I found mine (the TR6) two miles from my house. Looked good but not running. I paid $2500 and towed it home on the end of a rope. Bought some new or missing parts and fixed it up myself. The battery had been installed backwards, burning out the alternator. Luckily for me, the engine and gearbox were strong and there was only a slight bit of rust on the rockers - still there 20 years later.I never bothered to fix it and it's not spreading. I had a welding shop (since closed) weld in a reinforcing plate in the rear of the frame,had an electrical short fixed by a local shop, and when it needed brake work and a rebuilt differential, I farmed it out to an LBC repair shop that proved to be sloppy and incompetent. Later work was done by expert friends with me looking on and washing parts as I have trouble with heavy work due to my age and bad back. Get yourself a shop manual and check out the online catalogs and you'll do fine. PS - We just celebrated our 50th anniversary.