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I wouldn't call new stuff rubbish in the same paragraph as talking about a 70s MG.
Don't forget the MG is British and comes with all the bad traits of British manufacturing in the 60s 70s and 80s. They are prone to rust and will leak oil form anywhere oil is kept and places it isn't.
On the plus side, parts are cheap and plentiful, you could build a complete car out of brand new parts. You can do everything yourself providing you are a bit mechanically minded and they are reasonably reliable as there isn't all the modern electrics to go wrong.
Try going on to some MG web sites, MGCC and MG cars spring to mind, and maybe see if there are any specialised forums you can seek advice on.
The biggest plus will be very cheap insurance even if you don't have any bonus built up.
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