1964 Mustang: Urgent Help Please

Factual Questions
1

I’ve got a line on buying a 1964 1/2 Mustang, but I suspect his price may be too high. Here are the particulars:

The car appears to be a vintage 1964 'Stang in perfect condition. No bondo, no body work that I can see. Original 289 cube engine, auto tranny, dual exhaust, original white interior, turquoise paint. All aspects are in top shape, including the engine compartment. Original owner. Has added power steering. 71,000 original miles.

The guy is asking $16,500. Is this a fair price, given what I’ve said above? Board, don’t fail me now…

2

Try here:

http://forums.vintage-mustang.com/forums/ubbthreads.php?Cat=2

3

Thanks. The prices seem to be at about $9,000 or less, but it’s difficult to tell what quality I’m looking at in the ads. This car is probably show-car quality, but not national caliber. I doubt I can talk him down to a reasonable price.

4

$12,000 cash ought to soften his tune.

5

Trader Online lists quite a few, in various conditions and configuratiiions, with prices on the first page of 25 listings running from $6,500 to $32,000.

6

Seems like an extremely nice 'stang. But it has been modified so it’s not worth the price he’s asking. I wouldn’t go more than $10,000.

7

Forgive my ignorance, but was turquoise an original color? If not, take off some points for that. The power-steering could be undone.

8

Tropical Turquoise was an original color.

9

Also try ebay.com (ebay motors) completed auctions --not the active ones :slight_smile:

10

Having recently purchased a ground up restored 66 Shelby Fastback Mustang, I can say that I did an awful lot of searching and checking before handing over my cash. My personal experience is that for $16,500 you could safely assume that your Mustang should have, at the very least, undergone a full, comprehensive restoration - and that includes every “nut and bolt” as they say.

The owner should be able to provide you with thorough photographs of said restoration too. It would include things like new seat upholstery, new dash, new cabin headlining, new carpets, new suspension and probably an engine and gearbox rebuild.

That’s my take on what $16,500 should get you.

11

Thanks to all. It’s my understanding that this car has not been touched as far as restoration, but is in nearly mint condition. The engine looks awfully clean, though, so perhaps that’s been rebuilt. I’ll need to ask the questions. Thanks again.

12

I recall seeing a car show in which the host tells of some spots of said Mustang to look out for: the rear quarter panels. They make a replacement piece that fits over the original damaged/rusty panel. You should be able to tell if this car has one (or two) by popping the trunk and looking. While you’re in there, check under the carpet for rust.

13

Ok I admit, I haven’t looked at the links or poked around the internet much about this, but didn’t the 64 1/2 mustang come out with a 260 engine and NOT a 289?

14

The 64 had three variations: a 170 ci 6 cylinder, the 260, and the 289. The 260 had a 2 bbl, the 289 had a 4 bbl.

15

In my experience, a car that has been restored, even though it is in the same condition as an original car, with low miles (71,000 miles is not low) that has been meticulously cared for, will sell for much more. I suppose it’s because the car is now essentially show room new and there is little risk for the buyer.

16

There are almost 9 of them in various conditions on ebay active right now:
Ford : MustangRARE 1964 1/2 D-CODE WITH FACT.A/C. NO RES
at $2,800
Item number: 2431483794

Ford : Mustang1964 1/2 Ford Mustang 2 dr hardtop
Item number: 2430551430

Ford : Mustang1964 and 1/2 MUSTANG CONVERTABLE
Item number: 2430131452

BTW, these have VIN numbers so you can run a Carfax report on them which is VERY important sometimes.