Look for rust at the base of the windscreen, where the wipers pivot from. You'll need to remove the plastic trim to check it. Also check for rust at the bottom of the front 1/4 panel behind the front wheels. Dirt tends to build up there and will cause rust if it hasn't been kept clean.
Nothing wrong with series one V8 that a little cam wont fix ;)
Also, check your build date. Mine is late series 1 (11/99) and has a few little series two features which is cool.
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AU XR8 Ute 13.90 @ 100mph - http://www.aufalcon.com/xr8ute
5L Windsor, GT40X heads, Crane 2030, Pacey 4-1s, Lukey 3", 3.91:1, auto. Tuned by me w/Quarterhorse and BinaryEditor.
Coming Soon: Ported lower intake, Tickford "Premium" Brakes, and a good wash.
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