I have an early and a late one [76 coupe and 81 convertible fuel injection]
In general later is better and if you want a soft top -- later is a must. I'd stay away from a 76 unless you absolutely know what you're getting.
The very early coupes with 4 speed are available cheap and if you happen to find one that has not been neglected -- a very good buy. You will want to replace the struts, shocks and bushes. A well sorted TR7 will out handle an MGB any day [I had them too].
The bads on the early cars. 4 speeds are buzzy and noisy. The slightly out accelerate the later 5 speed and when tuned have a few more HP.
Build quality is terrible and the biggie is the warped head overheating cycle. Anything dripping from the engine or if the needle runs at 3/4 hot then you likely have a few dollars ahead of you.
If someone else has already done the head gasket [properly] and perhap uprated the rad -- you are OK.
With some looking you can buy a very good coupe for 1500-2000. Try that with a B.
Later cars with the 5 speed are better all around. Build quality is noticeably better. The same issues apply for suspension.
Well cared for engines go 90K+ miles. The 5 speed transmission and rear end are all but indestructible unless grossly abused.
Rust, as always is the big one. Look around the wheel arches and at the bottom of the area between the door and rear wheel well. These are pricey to repair.
Interiors are likely to be shot on any car. Replacements are reasonable. They are several measures more comfortable than any earlier TR or MG.
The strombergs go out of tuned constantly but are fine to adjust as long as you like to fiddle.
All in all -- I think the TR7 is the best bang for buck in British cars. Most marques are going to want $10K for a good car. The same level of quality would half that in a wedge.
Take a little care with modifications a PO may have done. TR7 owners seem to suffer more tha usual with "camaro syndome" [def: attraction to bolt on dorky performance doodads]. You're better off with well cared original than 'tarted'. Bolt on your own doodads
Parts are a bit more expensive than those for an MGB becuase of the sheer number of Bs under repair. Availability is quite good and hundred dollar parts cars are easy to find.
The cars are *under* valued because they were maligned as the 'end' of mass produced british sportscars. They seem to be more appreciated lately and are 'appreciating' as well. They are rarer on the road now than the ubiquitous B or spitfires. They still turn heads.
Hey - what more can I say? I think you'd love a good TR7. Let us know how it turns out!
[ 12-23-2003: Message edited by: MichaelF ]</p>