Budget: £5,000
Purchase Price: £2,400
Final Cost: £3,432
Selling Price: £4,600
Profit/Loss: +£1,168
Work Completed: Cylinder head had new guides and hardened valves fitted to run on unleaded fuel, rear shock absorbers replaced, brightwork re-chromed, and differential replaced, oil change performed.
Notes: Mike bought the car in the winter to repair and sell in the spring to take advantage of the Spitfire’s convertible aspects when he sold it on.