Financial Services > Investments > Classic Cars > MGB GT
The MGB was introduced as a two-seater roadster in 1962 replacing the old fashioned MGA. In 1965 the coupe version was launched and the MGB GT was born.
With a roofline that swept back from the windscreen to the back bumper it was a more sophisticated version of the roadster and the design made it one of the first hatchbacks to be manufactured. The change in design made the MGB GT more aerodynamic and it also meant that a rear seat could be fitted albeit more suitable for luggage than passengers.
In 1967 the Mark 2 was introduced and included the option of having an automatic gearbox fitted as opposed to the standard manual version. In addition, synchromesh gears were added.
In an attempt to break into the US market various changes were made to the car with a major improvement being the introduction of a V8 version in 1973, using a Buick engine. This provided the car with excellent handling, good economy and high performance and the MGB GT sold well in the UK. Unfortunately at a time when the MGB GT had found its niche in the market place, the company decided to discontinue it.
If you are interested in buying a classic MGB GT today, the MG Owners' Club could be a good starting point. If you are looking for a restoration project you might, if you are lucky, be able to pick up a car for as little as £500 or £600. However, if you are looking for an MGB GT that has had the vast majority of major repairs already undertaken, you can expect to pay, subject to the specification of the car and whether you buy it privately or through a dealer, somewhere in the region of £3,000 to £5,000.
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