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Non-Running 2008 MCS - Worth it??

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Old Jun 29, 2017 | 08:07 AM
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Non-Running 2008 MCS - Worth it??

There is a non-running 2008 MCS for sale by me and the buyer is asking $2700.

Has 124k miles and the body/interior looks to be in really good shape, light blue. Has sunroof and sport package, automatic, aftermarkets wheels.

That's as much as I know about it and the seller doesn't know what is wrong with it but suspects "major engine repairs"

I'm wondering what would you guys pay for this and would you take the risk. I'm pretty handy so I know my way around a car but have never torn into the engine. If I can't get it fixed what would it be worth to part-out?

I'm not sure if it turns over or anything but some things I would check to go see it in person are if it is getting fuel, and if any of the engine "bolt-ons" are seized. Advice here would be helpful also.

Thanks for the help.
 
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Old Jun 29, 2017 | 08:19 AM
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If I had the space I would not mind fixing up something like that. I see salvaged engines on ebay for $2,500 and did not look that hard for cheaper ones. Would think you could take the belt off and put something on the crank pulley to see if it turns.

On the price, I would not have an issue paying $2,000.
 
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Old Jun 29, 2017 | 09:26 AM
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2700 is a bit high. Maybe at 2G's it worth a gamble. Either way probably a lot of work and then in the end its still a sub-$10K car.
 
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Old Jun 29, 2017 | 09:35 AM
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soon as I find one under 1500 I'll probably buy it just for something to do I've done this on bmw's and mini's in the past but I have yet to find an r56 S that cheap
 
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Old Jun 29, 2017 | 10:03 AM
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Thanks for the insight!

I wish he was asking half that, I mean as a trade in at the dealer he would probably be lucky to get $1000. I might go check it out and see if it might be something as easy as a fuel pump (wouldn't that be nice).

I would like to tinker with it but the main goal would be flipping it or parting it out if I can't get it running. Not looking to have to drop a whole new engine in since that would basically bring the price above Blue Book value.

Not sure how much I would be able to get for it piece by piece but rims and tires alone might get me $400 along with some of the easily mailed pieces like HPFP and shift ****/steering wheel/mirrors might net another couple hundred.

Plus maybe it has a full tank of that premo gasoline!
 
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Old Jun 29, 2017 | 11:37 AM
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Kind of the wrong transmission, but 70K miles for $5500. Runs and drives. Didn't realize how cheap these are lol https://cleveland.craigslist.org/cto/6169310183.html

Granted, if you can poke around the engine before purchase and determine a salvageable car then sure its worth 2700.
 
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Old Jun 29, 2017 | 11:47 AM
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Originally Posted by iwashmycar
Kind of the wrong transmission, but 70K miles for $5500. Runs and drives. Didn't realize how cheap these are lol https://cleveland.craigslist.org/cto/6169310183.html

Granted, if you can poke around the engine before purchase and determine a salvageable car then sure its worth 2700.
That's another point even if it running they aren't worth that much anymore. I might tell him I am looking for a parts car and offer half. If it turns out to be a total loss I can sell the good pieces and scrap the rest.

Definitely wouldn't be keeping the car to drive and will not be dropping a new engine in there.
 
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Old Jun 29, 2017 | 07:09 PM
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Hmm - 2008 MCS with 124K? I suspect the owner knows exactly what's wrong with it and "major engine repairs" means "needs a new engine." Do your research on the N14 engine and it's problems, they are well documented. My guess? It either dropped the timing chain, or the vacuum pump seized, and then valves got intimate with pistons. (BTW, Mini isn't alone with this issue, just a few months back our 2008 Subaru dropped it's timing belt only 60K into the 100K service interval for the belt and it suffered a similar fate. I sold it to the mechanic for $500.)

What's it worth? Look up the average retail value, subtract the cost of a rebuilt engine plus labor to swap it and there you go.

So happy I have the N18...
 
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Old Jun 29, 2017 | 08:00 PM
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So happy I have my cast iron T16b4 Gen1

 
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