Budget: £20,000
Purchase Price: £17,500
Final Cost: £21,030
Selling Price: £23,000
Profit/Loss: +£1,970
Work Completed: Carburetor jets resized and custom exhaust fitted to reduce emissions for Individual Vehicle Approval (IVA) test, also, custom head rests fitted as a requirement for IVA, rear axle narrowed by fitting shorter lower control arms and shorter drive shafts, new deep-dished wheels fitted.
Notes: Mike opted to find a kit car version rather than spend money for a genuine AC Cobra, which would have been over budget. Car was brought to a drag strip, where Edd did a top speed of 110 mph while Mike reached 108 mph.