These conversions are quite cheap to buy and there are a few knocking around. I'm looking to possibly buy something similar for the summer. Either that or buy a an AX GT and turbo it.
There is an AX VTS on sale on Piston Heads at the minute - £1700. Can be a bugger to work on the engines as the bay is quite crowded. An example of this is you may need to remove the engine to change timing belt! Hehe!
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