Webb, if you're seriously considering a TR3, let Joe Hash go over it thoroughly before you purchase the car. Even if you have to pay him, having Joe check the TR over before you buy may be the best money you'll ever spend on the car.
Joe's a real pro and knows every nut and bolt on these cars. He can give you an accurate appraisal of the car's overall condition, in writing if you ask.
I can't over-emphasize the importance of utilizing a professional to appraise LBCs to folks who may not be fluent with British car restoration/repair. There are many pitfalls for the uninitiated, and often, we purchase these cars on emotion, not logic (ask me how I know this!).
You simply can't lose by hiring a pro to go over the car before you buy.
I hope this is helpful, let us know what you buy, and good luck! /ubbthreads/images/graemlins/pukeface.gif