Highlights

Rare survivor of these highly regarded special editions
Luxury version of the superb Mi16 saloon
Only six registered keepers
One of only 33 remaining UK Le Mans cars
Rebuilt engine and recent water pump, timing belt and tensioner
Complete project car with huge collection of spares
Retains its correct Le Mans interior and exterior features

The Appeal

In the 1990s, when canny company drivers were given a choice, they didn’t pick a base model 1.6 3-Series or a dowdy Audi, they went for a Peugeot 405. Back then, the firm was on a roll, and its mid-size saloon was as entertaining to drive as the Pininfarina looks were stylish.

Most of those fleet buyers had to make do with the 1.9 diesel, but a lucky few ticked the box marked ‘Mi16’ that gave the kind of performance and handling reviewers drool over. In 1994, to celebrate its win that year in the 24 hr race of the same name, Peugeot announced the Le Mans, a limited edition version of the Mi16 with luxury trim.

Just 500 were built, of which only 33 are believed to now exist with just three in roadworthy condition. For enthusiasts of these brilliant 90s saloons, they are the Holy Grail. All of which makes this car a proper treat. With values rising and owners hanging onto their Le Mans cars, this may be the best way into owning one of these modern classics.

This car was last on the road in 2014 and is in need of some TLC. It was acquired by the seller with the intention of restoration so he has amassed a huge collection of useful spares that come with the car. It has a rebuilt engine and retains its plethora of Le Mans features and it is usefully complete. We are told the car starts and runs, but it will need trailered away.

The 405 is one of the 90s’ greatest saloons and the Le Mans amongst its best versions. We can’t wait to see this one rejuvenated by its new keeper.

The History and Paperwork

First registered 18th November 1994
Six registered keepers from new
Current keeper since September 2023
1 set of keys as shown
Last MOT expired in June 2014 with no advisories
174,235 miles showing on last MOT test and now showing 174,255 miles in photos
Various parts and a spare wheel in boot as shown
Vendor states that only 167 of all Mi16 variants remain on UK roads
Of these, only 33 Le Mans cars exit of which only 3 are roadworthy
Vendor is selling because he has acquired a restored Le Mans
Recent engine work as detailed below

Spares included:

Two sets of inner and outer sills: one genuine on reproduction
New front crossmember and brackets
Full set of new chrome window trims
Full set of new rubber door seals and boot seal
New rear lights with seals
Genuine complete spare front bumper
Reconditioned and painted rear brake calipers
Spare front calipers
NOS standard rear exhaust box
New Old Stock (NOS) Valeo fog lights
Standard Clarion stereo with code
New headlining
New boot carpet and sound deadening
Spare bonnet with correct sound proofing panel
NOS digital clock
Gearbox linkage kit with body mounts
Suspension rebuild parts including shock top mounts and covers
Chassis mounts
Reconditioned cam cover in black
Original Mi16 suspension struts
Genuine replacement badge and decal set

The Condition

Original Diablo Red paintwork in deterioration condition as shown
Paintwork has fade and delamination as shown in photos
Areas of surface corrosion to panels such as bonnet
Bodywork is complete and generally straight with obvious areas of deterioration
Underside is in similar condition and should be checked carefully in photos
Retains its correct Le Mans exterior fittings including spoilers and badging
Fitted with modified front bumper that vendor says can be easily returned to standard
Some of these detail features may be incomplete so buyers should check photos
Sits on correct Peugeot 306 S16 alloy wheels in fair condition with marks and flaking
Tyres fitted to all rims but we are told they do not hold air and will need replaced
Lights and glasswork in fair condition for age as shown
Original Le Mans interior retaining the majority of its factory correct features
These include the black leather and suede sports seats and badging
Seats are in fair condition for a car of this age and mileage with some marks to note
Carpets in poor condition and will likely require cleaning or replacement
Switchgear is generally well kept but would benefit from cleaning
Car now fitted with a Sony stereo system as shown with original unit included
Vendor tells us that the dashboard dials and switchgear work correctly
Some deterioration to switchgear including digital clock as shown but spare included
The car starts and runs but the electrics, switchgear and lights are untested
Car shows dashboard warning lights in photos
Various spares included to address visible required repairs as detailed above

The Mechanics

1,998cc 15bhp XU10 16V ‘Mi16’ 4cy engine
Vendor advises that engine was rebuilt by a previous keeper
5spd manual gearbox
We are told the gearbox linkages are worn but spares included with car
Fitted with aftermarket coilover suspension with original Mi16 set included in spares
Recent new water pump, timing belt and tensioner fitted
Uprated exhaust with twin exit central pipes as shown
Car starts first time and runs
Very little use since last MOT test as detailed above
Buyers should assume a level of checks and recommissioning required

BEFORE YOU BUY

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