I've always drempt of having a little pony car cruizer. Today I ran accross an add for a 1966 mustang. I gave the guy a call and he said that the motor, tranny, and suspension was in good shape. It is the flat 6 by the way. I asked him what it was going to need to be drivable and he replied (Carburator, master cylinder, grill, hood, and solinoid) His asking price is only $1600. He also said that the interior is in pretty good shape. I'm going to look at it in person tomorrow.

Just kinda looking for a sounding board on whether this sounds like a good deal or not. Don't want to wind up getting myself a money pit, however I do realize that fixing one up is not free.

thanks

 

Honestly my dream is a 68 fastback with a modern svt drivetrain/suspension with the Tbird IRS rear, which would be a money pit in itself so i cant be much help. If you are going to upgrade, which seems only reasonable now-a-days, then that eleminates the soleniod (im assuming starter) and the carb. A 4.6 or 5.0 is soo readily available and cheap it would almost be a crime to not upgrade. The hood and grille are only cosmetic unless severly damaged, in which case you may need to consider the solidity of the car chassie/frame.

A ready to drive car with minor work as that will surely be worth looking into for that price.

You may also need to check into the body, sure it may look ok from the paint out, but is it entirely recreated out of bondo? im not sure what area its in, but a nice AZ or southwest Texas car would be optimal for that price. i have seen Tx cars in the mid 60s go for less then a grand in great restoration condition. that is with no operable engine though.

 

it's in the Texas panhandle. should know a lot more after I set eyes on it tomorrow. I'm also wanting something that will be psudo ecconomical on gas so I really don't want to throw a v8 in there. although a new v8 might get the same mileage as an old flat 6. But for now I'd just be trying to get it on the road for as little money as possible and work from there. planning on using it to drive to and from work to quit pumping 13mpg (average) through my truck.

 

Look for rust. Pull up the trunk liner and look deep into the fender wells and shock mounts. Under the door seams. The front cowl area, out by the fenders. And the front A-frame, where it links into the unibody. And everyplace else.
While most of these areas can be replaced, this is the $$pit most get into when restoration begins.

 

NEVERMIND the guy should part this car out imediately!

wasn't any part under this car that wasn't covered in rust, and there wasn't one pannel on the outside that was remotely straight.