Posted 13 November 2012 - 12:15 PM
Are you handy with spanners?
I would have thought the cheapest way of getting a Mini with minimal rust for the budget and power would be to get a late 80's 998, loads of them about, 8.4" discs after '84 and servos after '89 (wouldn't like drums with big bhp and I'd always completely rebuild the brakes too!) and probably the cheapest Minis around, and buy a 1275 to fit in.
Realistically though, your budget isn't high enough for your demands. Minis are very overpriced (sorry, they are) and solid ones are fairly rare on the cheap and tend to cost about £2k these days. £1.5k if you're lucky and find a gem. So you may be able to get a solid Mini and a 1275. I can't remember much about Mini tuning, but 90bhp in an A-series isn't to be sniffed at and won't come by a few bolt on modifications. You'll probably have to uprate most of the engine, which will be a big engine out and rebuild job, and won't be at all cheap. A few years ago I priced up my perfect spec for a 1293cc aiming for around 90bhp and it wasn't cheap at all. Ok, with a bit of shopping around and some second hand parts you could probably significantly reduce that, but it's still a fair chunk of your budget. I'm currently building a fast road 1256 OHV for my Viva, thinking it wouldn't cost much. By the time I finish the engine alone will be around £1k if not more. It all adds up. Good bit of homework, search the forum and project threads for peoples engine builds and see what spec, output and use (track or road - huge valves etc won't be nice to live with as a daily) they get, make a shopping list and do a spreadsheet. Easy way to see the actual cost and how all the little things for a full rebuild add up.
Also coming back to a point I touched on - brakes. 90bhp is a 50% increase over a standard late Cooper, that's quite a bit. I've already said I wouldn't trust drums or 8.4" discs without a rebuild, but will they need to be a bit better still? Others will have more of an idea than me, but more research is needed here and consider the extra cost. Going fast isn't fun if you don't trust your brakes, especialy not in the twisties. And all this is assuming you find a decent, solid shell in budget. There's no point sticking a freshly rebuilt, pocket rocket engine in a body that is just going to fall apart. Also allow for maintenance and replacement of tired components that will feel the effects of the extra power.
With all that considered, if you don't mind me asking, how old are you? I mean no offence by this but if you're fairly young, might be worth taking a look at insurance on a highly modified car before you get your hopes up.
Is that a fair answer or am I way off the mark?