The first two generations of MG Magnette (ZA and ZB) were built from 1953 through 1958 with styling by Gerald Palmer. The Magnette shared most of its parts with the Wolseley 15/50, and those parts included advanced features like a unibody chassis, rack & pinion steering, independent front coil springs, and live axle with semi elliptic leaf springs out back. Power came from a B-series inline-4, but not today. Find this 1959 MG Magnette ZB offered for $6,500 in Brentwood, CA via craigslist. Tip from Kaibeezy.
If you are looking for an all original Magnette, I'm afraid this isn't your car (there was a '55 Magnette that failed to meet reserve here on eBay at $11,351 a few days ago -- it should pop back up again soon). According to the seller only 18,000 were produced and this is one of the few left hand drive examples to make it to the states...almost makes you wish it had the original "crap" B-series 4-banger...nah.
Under the hood is a 2.3 liter Ford Pinto inline-4 good for an undisclosed amount of horsepower (could be 100, could be more...especially if it is a turbo version) and mated to a C4 auto transmission. It runs and drives, but could need some work based on how you interpret the seller's description.
See another rare classic with Ford 2.3 power? firstname.lastname@example.org