Perfect 66 fastback shell..worth it??

[chrisrx7]

I have the opportunity to buy c code 66 fastback...
It is a shell with a newly rebuilt c4 tranny in it and a rebuilt rear end in it.
It has new front end installed. The engine is out of the car...completely rebuilt to high specs. (289) The body of the fast back is perfect..no rust, no damage and ready for paint.

The guy who owned it lost interest. All the rest of the parts of the car are in a shed in pieces. I think most of it is there but will need all replaced ( ie: seats, head liner, door panels etc...all of it.

I could get for 12,000...


worth it??

[ScottsGT]

Yes!

[Stevea]

Buy it.

[GT350R Klone]

It sounds like a lot of good items for $12k. How much more $ needs to go into it? Paint $4k, wheels/tires $1.5k, interior $2k, exhaust?, cooling?, wiring?, chrome? It tends to add up quick.

[mustang656man]

if u can do the work yourself its a great deal. if you cant it might be a better deal to buy one already put together and ready to go. wes

[Fullbasement]

It's funny how things change. I've used this forum for a lot of years. At one time I was considering a very solid 65 fastback rolling shell. There was quite a lively debate on the forum whether I was unwise to spend $900 on it. As it were I shifted my money to a complete 66 convertible. Still think about that car and what could have been. But back then in the pre Gone in 60 Seconds days the convertible was king. Not till the Eleanor frenzy did the fastbacks become the most desirable.

[bartl]

Holy crap! Maybe I SHOULD sell mine....

...then I could afford the Factory Five Mk4 kit....

[LynnBob 65 Mustang]

I used to think $$700-$800 was a lot for a car in that kind of shape in 1983-84 when I was looking for one as a teen.
Times have changed, not always for the better.
Lynn

[Black Gold 380R]

Originally Posted by Fullbasement

But back then in the pre Gone in 60 Seconds days the convertible was king. Not till the Eleanor frenzy did the fastbacks become the most desirable.

Sad but true. fficeffice" />

I want a 65 fastback, but they seem to have gone the way of the 67/8 Camaro where everyone who has one thinks they have gold no matter how bad of shape they may be in. And by the looks of supply and demand they just may be right.

I remember in high school a buddy of mine bought a real nice 65 fastback that was complete and running for $1000. Those days seem to be long gone. Sucks for me since I want one LOL.

[kevlarguy]

I have tried to sell my 66 Fastback all apart with New and NOS parts inc 4 spd, correct A/C and disk brakes for $10,000. It was a minimal rust car with all the rust work done. How many northeast cars do you see with zero front structure rust?

I kept getting low balled for $4k or less.

Tough to figure what is decent money wise. People will spend $4k to $5k for rusty FB's missing stuff- you see these cars selling both on ebay and local to me (NJ). Then there are people spending $$$ to convert their coupes and they still got to buy the interior stuff.

I would also question what the definition of rebuilt is for the parts. Some will call something rebuilt after painting. What parts went into the rebuild and by who? There are a good many rebuilt items that failed quickly. If rust work was done did they butt weld the seams? If they overlapped what did they do to prevent rust in the seam? I have seen some interesting attempts at welding in sheet metal on the Mustangs. Are the fenders on the body and does the stuff seem to line up?

In the end, you need to look at what you are getting for the $$ and how much it is going to take to finish the car. You really have to be careful you do not go upside down on the money. Nothing worse then having $30k into a car worth $12k.

[LynnBob 65 Mustang]

Originally Posted by kevlarguy

Nothing worse then having $30k into a car worth $12k.

Unless your OK with it.
We for one are fine with spending $20-24K on car that will probably only be worth $13-15K when done because it is a correctly done I6 to V8 conversion.
Lynn

[chrisrx7]

This car is really sweet in that it was in a barn for 20 yrs unmolested with 72,000 miles...The guy wanted to go "all out" on restoration. He did...but then stopped. I would guess that he has 11,000 in the car already with the high end rebuilt 289, rebuilt rear end, rebuilt tranny ( all detailed by the way) new front end.. Has no brakes but the guy was going to put master power disc brakes up front. The car had no rust . the car was stripped and primed and is ready for paint....He stopped and said that is it...I lost interest and I want to sell. WEIRD but...that is the way it is.

It has all the interior spead out all over the place,most in a shed. All has to be re-done or replaced . It has console and rally-pac, manual steering. He put sub frame connectors on the car too and lowered car with brand new lowering springs.

Again, I think I could bet it for 12,000. I can do a lot of the interior stuff and re-install of parts etc..Can't paint, can't install engine, don;t think I can do all the wiring, can't install the new brake system.

I would love to buy it but....I don't want to be stupid. I would guess it will take another
10,000 that O would budget for the car. I could not do any more than that...
That would be 22,000 in the car.

I am looking at this as a investment and sell in a few years..

I really like that the car has no rust and it is so straight!!

[slim]

I love it! The old "got $20K invested in this car and can only get $12k for it"!!
Is it a hobby or an investment club? Know anyone that plays golf? Let's see. $25 a round plus $20 for the cart plus $10 lost balls $10 for burger and beer after. Ignore the $700 for clubs, $100 for shoes etc. So now let's say you play golf once a week. in decent weather so 26(25+20+10+10)=$1690/yr. +$800 clubs investment. So in 10 years you have $16,900 invested plus $800 initial+ $100 new shoes+ $200 big bertha driver. $18K "invested" and a set of old golf clubs that maybe goodwill will accept!

Buy a new car for say $20K. Sell it in 10 years. On a good day get $6K. Investment?!


Slim

[JohnnyK]

Originally Posted by kevlarguy

Nothing worse then having $30k into a car worth $12k.

Ahhhh.. North American hardships.

[GT350R Klone]

Originally Posted by chrisrx7

I am looking at this as a investment and sell in a few years..

To put all that work into it (assuming you know what you are doing and know what your target market will be looking for) will require a lot of time, investment and effort. There are easier ways to make a buck, if that is what you are looking for.