67 mustang: Good buy?
filed in 67 Mustang
Question: A friend has a 1967 Ford mustang for sale for $1500. It has factory (not dealer installed or aftermarket) Air Conditioning, Automatic Transmission, and the 289 v-8. It has been in his family since purchased new. It has about 220,000 miles but has been well maintained ( even the original AM radio still works). It has no rust holes in the body and no holes drilled in the interior. It also needs about $200 mechanical work done on it. My question is how rare is this model car (with factory air), and is it a good deal? Thanks for all the info in advance.
Answer: The car is not particularly rare from what I can tell. The fact that it has A/C helps, but it still wont qualify as rare. Is it a coupe or Fastback? Typically the fastbacks are slightly more “desirable” as far as value. Check the engine codes against a Mustang restoration guide or shop manual to see what the engine code is. If it is a 4 barrell or better yet a hi-po 289 it is a little more “rare” and a lot more fun!!! If it is in good shape then $1500 doesn’t sound too bad. Buy a copy of Hemming’s and check to see what similar cars are advertised for.
The most important thing is do you like the car. If you do then it doesn’t matter how rare it is. Mustangs can be a lot of fun and parts are readily available for restoration (tho some are not cheap). If you like it, buy it. Also ask the guy selling it (since his family is the original owner) if they have any of the original documentation from when they bought the car. This can make it worth a little more when/if you ever sell it…
Just some ramblings from a happy 1970 Mustang Mach 1 owner… Sounds like a real good deal to me, though not a “steal”… there is nothing to really make the car rare; the hi-po 289 would be a little bonus, but not that much. It’s no Shelby or Boss 429, but I really like the 67-68 coupes… I’d talk to your friend and see if they kept good documentation of repairs, etc. over the years. If it hasn’t had it yet, I’ll bet the car needs suspension work (does it have “negative rake”, where the front end sits higher than the back?) If they kept good records and it REALLY only needs $200 work and has a straight body and good interior, I say grab it. One more thing – has it ever been in an accident? Be careful if it has… I just found out my car (purchased 4 years ago with dents in the rear 1/4 panels) has cracked rear frame rails. I love my car dearly but wish I’d waited and found one with a straight body. Oh well, I guess it’s just time to install a “pro street” rear subframe and tubs… B)
BTW, if you do get it, I’d suggest getting a subscription to “Mustang” magazine; Hot Rod and Car Craft are good too.
Want to give your own answer? Want to comment?