If you can pick that one up for $2000 to $2500k, do it. You're gambling on the engine/trans, but these are simple cars and with a little TLC, even sitting for decades, they fire and drive. Dry cars are increasingly rare. Bad floors are common, but easy. Cowls and rear window surrounds that are rotten are huge PITA. That portion of this car looks good (can't see under the carpet). The body panels are dirt cheap, all the trim, etc., is t here.

For people used to paying the Porsche tax for our euro toys - you would be flabbergasted at how cheap these can be restored. Get it running, put a fender, door, and bumper on it. Polish out the rest of the paint, leave the rest alone alone for now.

You can "restore" it or "modify" it later. The idea is that you can make a pretty decent driver out of it for a couple of grand and dump it later probably for a profit.

angela

YesX2. Both mother and daughter. :)

I'm going to get it running in next day or two so mechanical condition will not be a question mark/gamble. She is going to have me fix brakes/fluids/etc.to get it back running.

The only glitch I see is that they might have some unrealistic idea about the value of it as it sits. People hear stories about old Mustangs going for $30k, etc., w/o understanding the differences is models/equipment. At some point, reality will step in when she tries to sell, of course.

I think I have a pretty good idea of cost to restore, just not what it's worth now. Being a CA. black plate car w/ no rust, fairly straight and decent, (but not fantastic), equipment makes it a question mark. Thanks for all the help.

Point her to this thread. Mustangs with special options, Pony packages, four speeds, low VIN#s, fastbacks, factory alloys, HIPO engines, etc get the big bucks. The only thing lower than that model is a straight six with a three on the tree.

Is that an 8track under the dash?

Mustangs never came with a 3-on-the-tree. Only floor shifts. Any 6-cyl. car, auto/stick, or any car with ANY rust would be "lower" than this car. Or a car that's been crashed w/ major structural damage. Or a car that's been butchered by some ass hole. This car is original including colors. It has 289/auto/PS/PB/factory A/C and it's a good color, Sahara Biege.

I know my Mustangs fairly well, just not the exact value of this car. I'm getting a good idea here, however, and I thank everyone for that. :cool:

Musta been the Falcon I was thinking of.....:rolleyes:

No, it's a CD player mounted under dash. Your question caused me to look at the 8-track page on Wikipedia because I was not sure if they were around yet in '66. Sure enough, the first ones installed in cars were the 1966 Ford Mustang, T-Bird and Lincoln models. They would have been pretty rare still then, most people had never heard of them. I love that kind of geek stuff. :)

http://en.wikipedia.org/wiki/8-track_tape

Blech!

IMHO of course :)

LOL...got a nice in-dash 70's AM/FM 8-track in the garage...just waiting for a car to put it into. The case is just a hair too big to fit it into my '74 without gasp cutting the pristine dash.

I'm going though a 68 with a neighbor that wants to do a restore, it's in a little better condition than the one in the photos. Here is where he's at currently:

Paint and body work = 4.5k
Motor = 3k
Trans = 2k
Seals and gaskets and trim = 1k
Interior trim = 2k
Suspension = 1k

(most of these are reproduction pieces, NOT nos.)

This is what I call an "HLE" (high level estimate) It's probably going to be about 20% more in the end. This car has sentimental value so I suppose it's probably worth it to him, but normally this is a lot of money to spend on this type of car. This is a 302 BTW.

I know of a '65 GT for sale. It runs, but still a project. I had the lady down to $8k but passed. That was about 2 months ago. Not sure if this is the same owner, it may have been sold and relisted.

1965 Mustang GT sell/Trade?