Hello, I'm new to this area of the Forms because recently I found a 64-66 Mustang Coupe I was interested in purchasing. I still haven't been able to get ahold of the guy selling it, so I was wondering if I coulld get some pricing information about the car. Its a shade of midnight blue, 64-66, and non-GT (don't know wether its a 6 or 8), pretty good condition(as if someone babied it, but never made repairs). I wasn't able to get a good look inside it. So, with all this known- what kind of price can I expect and what problems should I watch out for? Also, do you think I could get away with using it as a daily driver in just the summer months? Thanks!

 

You can usually tell if it a 6 or an 8 by looking for the fender emblem. If the 289 is there it would usually suggest it has the V8 engine. Also even if the car looks babied doesn't mean it will run for you. I got my car last Sept. I was only able to drive the thing about 15 miles before I had to put away for winter. There were a few problems under the hood including getting the carb completely rebuilt that set me back driving time. I paid just over 6K for mine and put another 3500 into it very quickly. Best thing to do is give it a good test drive and have someone come wiht you to look at it who knows what to look for. Also look at the classic buyers guide sticky at the top of the classic forums. Edit: the Buyers guide is in the FAQ link.

Hope that helps some

 

If you can't find a mustang-knowledgable friend, contact your local Mustang Club and "rent" a knowledgeable member for the afternoon.

If it isn't for you, walk away and don't look back.

 

A lot of your questions depend on what part of the country you are in, and where your car has spent the most time. Rust is the key thing to look for. I agree Paul and Dan, in that the best thing to do is get a couple of Mustang Restoration books and read up on where to find rust in the 64-66, or talk to club members. Knowledge is key, and don't be afraid to walk away. The more you look at these cars, you will see that the cars will tell you their story if you are paying attention. Here is in example:

I looked at a 65 coupe two weeks ago that a used car dealer friend of mine took in on trade (he gave the customer $5K for it). On the surface, it looked pretty good. The interior was redone, and it had AC at one time (no compressor now). It was built in San Jose and delivered to Seattle. Panels fit well, but you could see in trunk that it had been hit from behind at one time (frame supports were bent, and poorly repaired. Once we took up the carpet, there was standing water in front and rear foot wells (AZ had been getting rain that week). Upon further inspection, the cowl vents were rusted out (very expensive repair). Another odd thing was that the VIN said it was a V8, yet it had a I6 in it (not uncommon). But, we took off the hub caps, and the front hubs were four bolt, and the rears were five bolt. On top of that, the front fenders had their original date stamps, but no 289 badges, and no holes in the fenders for them. Needless to say, this car had been screwed with over the years. The dealer asked me for what I though it was worth, and I told him he would be lucky to get $2,500. I am sure that some unfortunate soul will pay $4k or $5K for it, and be wishing they hadn't the first time it rains...... :nono:

Out west, I have found good starter V8 coupes for around $5K. I have looked at at least two dozen old Mustangs in the past five years, and only purchased two. The rest were either too expensive, or required too much work, or both.
Craig

 

Try looking at the FAQs above. There is a list of things that first time buyers should look for. Make sure you know what you're getting or you'll regret your purchase.