Buy an mx5, insure it, shove it on coilovers, get the diff welded and blow the rest on hookers.
How about answering his question rather than what you would do with a grand?
Theres a dude just joined 350Z forum, hes 19/20 but has found decent insurance and is laughing, same goes for M3's, Supras, S2000's, sorted 200's, RX7's and all sorts - if youve got £8K and can insure them then why buy a ratty MX5 as a daily?
+1Buy an mx5, insure it, shove it on coilovers, get the diff welded and blow the rest on hookers.
bmw e36 328, complete all rounder