1974-1978 Mustang II Member Tech & Restoration Discussion

1977 Mustang II - Cobra II with a 302

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Old Oct 9, 2011 | 12:21 PM
  #1  
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1977 Mustang II - Cobra II with a 302

Hey I was looking at a 1977 cobra it
Only has 7420.0 miles on it it's been sitting in a garage for 20 years and they want 8500$ for it, now my question is what is a actual good price for this car I was told it should not be over 6500, it is rust free, damage free just needs some tuning

Last edited by m05fastbackGT; Sep 8, 2023 at 10:50 PM. Reason: Revised Text
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Old Oct 9, 2011 | 04:28 PM
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$8500 sounds like waaaaaaay too much. I wouldn't pay more than $2500
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Old Oct 9, 2011 | 04:42 PM
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FYI - that 302 produced 134 hp. These were the dark years for American "Muscle" cars. Thank you Jimmy Carter.
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Old Oct 9, 2011 | 04:45 PM
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From: alerbamer
it is/was and will be worthless ...
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Old Oct 9, 2011 | 04:54 PM
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Amazing. Nada value is at $2 to $6K. Without mileage adjustments. With the average being in the 5K range, for a MII Cobra. Drops a grand without the Cobra package, then another grand with a V6. This is for a 2+2 hatch, just changing those options out.

So... well, no, the 8K is stupid. They're sorta rare, sure, but not that rare. And at that date range, mileage isn't important.

However, it's not 2K stupid. I'd offer him 4K, only because it's a CobraII. Otherwise, 2-3 tops, no matter what. A good unibody II, if you want one, is STILL a find these days... A blank canvas is very useful.

Oh, sure, the II is low low miles. But it's also low low demand.

Your call though... how badly do you want it, how long can you wait, how ornery are you on sticking to your guns on price, knowing that some other person may just say "$8500?! Hell, I'da paid you TWICE that! SOLD!" and take it away from you.

/Because they are out there.
//They also pay huge ADMs.
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Old Oct 9, 2011 | 04:55 PM
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From: Insane
Originally Posted by HOSS429
it is/was and will be worthless ...
... to you. Good to know. Others have differences of opinions, yeah?
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Old Oct 9, 2011 | 05:38 PM
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From: alerbamer
Originally Posted by houtex
... to you. Good to know. Others have differences of opinions, yeah?
you know i dont like you dont you
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Old Oct 9, 2011 | 06:48 PM
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Considering how successful they were back in the day, it's kinda sad to see how undesirable Mustang IIs are now. A few weeks ago on my way to work, I was shocked to see a blue Mustang II notchback, about as plain-jane as you can get, in absolutely pristine condition parked in a parking garage. Around here you almost never see Mustang IIs out in the wild, let alone in such excellent condition. I have no great love for the Mustang II but I thought it was a shame that such a well kept and cared for Mustang will likely never be worth much. Maybe things will change in the future.
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Old Oct 9, 2011 | 09:38 PM
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Thanks guys I'm gonna offer him 2500 for it it's a beauty but I get your reasoning if I bought this thing it would get tons and
Tons of add ons put on it lol
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Old Oct 9, 2011 | 09:39 PM
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I wish it was the Mach 1 lol
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Old Oct 9, 2011 | 10:32 PM
  #11  
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Originally Posted by houtex
Amazing. Nada value is at $2 to $6K. Without mileage adjustments. With the average being in the 5K range, for a MII Cobra. Drops a grand without the Cobra package, then another grand with a V6. This is for a 2+2 hatch, just changing those options out.

So... well, no, the 8K is stupid. They're sorta rare, sure, but not that rare. And at that date range, mileage isn't important.

However, it's not 2K stupid. I'd offer him 4K, only because it's a CobraII. Otherwise, 2-3 tops, no matter what. A good unibody II, if you want one, is STILL a find these days... A blank canvas is very useful.

Oh, sure, the II is low low miles. But it's also low low demand.

Your call though... how badly do you want it, how long can you wait, how ornery are you on sticking to your guns on price, knowing that some other person may just say "$8500?! Hell, I'da paid you TWICE that! SOLD!" and take it away from you.

/Because they are out there.
//They also pay huge ADMs.
I'm pretty good about throwing a price out and holding on to it lol but it's a clean canvas for sure I don't like the 134 hp it puts out but that can be fixed lol my v6 mustang puts out 205 horses stock lol
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Old Oct 10, 2011 | 08:14 PM
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If its in good shape, its worth around 4-5k at the top end of the spectrum. they have to be mint or well restomodded to be worth more than that.

and as long as you aren't in a retarded state like california, you should be able to mod that motor pretty easily and rip off all the smog junk pretty easily. Post some pics if you can

But yeah, 8500 is definitely a bit much if its not pristine. and even then, they're more fun when they're not stock :P
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Old Oct 10, 2011 | 11:02 PM
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From: Insane
Originally Posted by HOSS429
you know i dont like you dont you
Um, no. No I didn't know that. Huh. You do not like 'you'? Interesting. What about the word 'you' do you not like?

Or is it the phrase 'you dont you' that you do not like? As in "you know I don't like 'you dont you'"? I can sorta see what you mean, but... well, not really, no.

Oh, wait, is it supposed to be "you know i dont. Like you dont. You."?

In which case, I really dunno what you're trying to say.

So while I'd like to have a witty response, the truth is... I just don't. Sorry. Maybe next time.

/Punctuation. It's sorta meaningful.
//And I's horsin' around. Don't me, k?
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Old Oct 11, 2011 | 07:44 AM
  #14  
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Garaged for 20 years - what kind of condition are you talking about? Preserved in a climate controlled garage for 20 years or pushed in a barn to sit on the ground for 20 years? Pics?
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Old Oct 11, 2011 | 09:51 AM
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From: Cleburne, Tx
Originally Posted by houtex

... to you. Good to know. Others have differences of opinions, yeah?
Originally Posted by HOSS429
you know i dont like you dont you
Originally Posted by houtex

Um, no. No I didn't know that. Huh. You do not like 'you'? Interesting. What about the word 'you' do you not like?

Or is it the phrase 'you dont you' that you do not like? As in "you know I don't like 'you dont you'"? I can sorta see what you mean, but... well, not really, no.

Oh, wait, is it supposed to be "you know i dont. Like you dont. You."?

In which case, I really dunno what you're trying to say.

So while I'd like to have a witty response, the truth is... I just don't. Sorry. Maybe next time.

/Punctuation. It's sorta meaningful.
//And I's horsin' around. Don't me, k?
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Old Oct 11, 2011 | 05:52 PM
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It was just stored in a standard garage
Non heated here are a few snapshots
Attached Images     
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Old Oct 11, 2011 | 06:07 PM
  #17  
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From: Louisiana
It's a cool car for sure. $6500 sounds good because it definitely needs some tlc to be right. Nice find for sure. I would restomod it but leave the exterior the same.
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Old Oct 11, 2011 | 06:16 PM
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I don't car what anyone else says. That's beautiful.
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Old Oct 11, 2011 | 06:40 PM
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if you could pick that thing up for less than 5 that would be a pretty solid deal. Arin says go for it
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Old Oct 11, 2011 | 09:37 PM
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Originally Posted by future9er24
if you could pick that thing up for less than 5 that would be a pretty solid deal. Arin says go for it
I told the guy it's not worth 8500 that it's way to much he said he won't go below 7500 at all.
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