This 1962 [MG MGA](https://fridayswatchlist.com/search?make=MG&model=MGA) 1600 Mk II Roadster project sold for $6,400, representing an absolute steal at 68% below fair value—so it’s definitely a deal.

This MGA is a classic British roadster, known for its sleek lines and engaging driving experience. This particular model features a replacement 1,622cc inline-four engine paired with a four-speed manual transmission. That’s a solid combo for those who enjoy the hands-on experience of driving and restoring. With only 10,000 miles shown (though the actual mileage is unknown since it’s marked TMU), this car draws interest from buyers looking for a project that has been well-loved over the years. It’s been in the same family for 41 years, which adds a nice touch of history. Plus, it comes with a clean title, making it a more attractive option for restoration.

Now, let’s talk price. The winning bid came in at $6,400 with only four bids registered, indicating some hesitation in the bidding community. Given the fair value estimate of $19,700, this sale price is a major outlier. A $6,400 price tag for a project car in this condition, with a good engine and a solid foundation, is not just good—it’s exceptional.

The community was somewhat quiet, but one user, mgkennyb, was clearly excited about the win, having placed both the winning and the second-highest bid. There’s no denying that this price struck a chord with those looking for a project car that won’t break the bank.

For buyers on the hunt for a similar MG or any classic project car, make sure to keep an eye on the restoration history. A rebuilt front suspension and new brakes can save you a ton of trouble down the line. With this sale, you can see that the right combination of restoration work and an appealing price can lead to a fantastic opportunity. So, if you’re looking for a classic project, dig deep into the car’s history and don’t shy away from bidding on a well-documented example.