1st genertaion prices
7/22/06, 10:53 AM
#4
you are looking at probably 4-6 thousand for a 65 or 66 and at least 6-8K for a 67-68...thats for something that has a motor and tranny, (probably doesn't run)...good glass, bad interior, no paint, and a reasonable amount of rust that can be dealt with...now...you can find cheaper, but probably something that wouldnt be good for a first timer....the condidtion would be bad....Ebay is a good place to look, but fastback prices (in all conditions) have been very high lately... coupes will probably be half that for the same condidtion...hope you find something, but to tell you the truth...I'd look for a 64-66 coupe that runs good for around 4 grand, and that way, you can still drive it whle you restore it. I would hate for you to give up beauce of loosing intrerst or patiance....PLUS...after you finish your first one, sell it, and buy your dream projest and do a REALLY nice job on it...JMHO!
7/22/06, 11:12 PM
#5
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I agree with Codeman ... another important note is usually what you invest into it, if you turn it around to sell it, you maybe luck to get 1/2 of what you invested into it ... unless you keep it stock ( doing your best to keep it numbers matching ).
... however ... if you buy a coupe for 5K, invest 20K to restore it and just after you find you can only get 15K for it ( a loss of 10k ) ... wait ... hold it ... drive it ... keep it for 5 years then you will gain good value. Classic cars in great, clean, restored conditions ( even if not stock ) ... ( even with modern parts ) will always gain value.
The good thing about 64-66 is there is a lot of parts available. The 67-68 still is under the momentum of the Eleanor craze and the 69/70 is harder to find parts for ( to keep it original ).
Try searching under craigslist as well, beware that many will place the name "mustang" in the ad to draw people to their ads.
good luck.
... however ... if you buy a coupe for 5K, invest 20K to restore it and just after you find you can only get 15K for it ( a loss of 10k ) ... wait ... hold it ... drive it ... keep it for 5 years then you will gain good value. Classic cars in great, clean, restored conditions ( even if not stock ) ... ( even with modern parts ) will always gain value.
The good thing about 64-66 is there is a lot of parts available. The 67-68 still is under the momentum of the Eleanor craze and the 69/70 is harder to find parts for ( to keep it original ).
Try searching under craigslist as well, beware that many will place the name "mustang" in the ad to draw people to their ads.
good luck.
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