[McLaren-TAG]

Value and price are two separate things. It depends on what you're looking for and a car like that is bound to have a lot of TLC needs. I know prices went up crazy and have cooled off again with people now willing to sell decent driver quality cars that need some loving for a fair price instead of the frenzy bubble induced prices being asked a few years ago.

It's clearly a car that would be a candidate for a full mechanical go through and if the engine is strong, would give you a lot of smiles per mile. But do yourself a favor if you really want to buy the car, don't trust your mechanic, talk to someone in your local PCA club and ask them for a mechanic in the area that will do a pre purchase inspection.

What is it that you want to have? How much work can you do yourself and what's the budget for not only the price of the car but also for getting it to a place where it can be a reliable driver until you figure out what it is that you want to do with it long term.

From what you say it sounds like it has the potential to be a solid driver without sinking in too much money into it. But get the PPI and then negotiate the price from there.