So I came across a 66 Mustang Fastback with factory 4 speed and 289. I am curious what its worth as I don't want to over pay but also don't want to low ball the guy. Below is the description he listed.
Times are getting harder in Fairbanks, and as much as I'd love to keep this car and finish restoring it, I don't have the time to do it. The car belongs to my step father, who did all of the current work to the car, roughly 5-8 years ago. He got tired of working on it, and put it into storage. He was going to get rid of the car, and I had asked if I paid the storage costs if he would hold it for me. Here I am 4 years later, still without the means to finish it. This car needs to go to a home that will take care of it, and turn it into the cruiser it has potential to be.
A few disclosures:
- Obviously the car has been in storage for a few years. The paint on the car isn't anything to write home about, as it's been painted black at some time before my step-dad got the car. The bodywork that was done is in decent shape. The doors need some work.
- The door tags do NOT match the chassis VIN. The car was indeed a factory 289, 4 speed 2+2 car.
- The current 289 (less than 10 miles on it) is thought to have a bad ring (unseated) as it's not building compression as it should. My step dad is pretty convinced the motor needs to come out and be gone through, however I'm not sure that the motor just hasn't been run in long enough to get an adequate seat yet. Also, my step dad noted that when he opened up the cooling system after he ran it, it looked like there was some sand or sediment in the cooling system. He wanted to pull the motor and disassemble and have it hot tanked.
- We are still looking for the ignition key/trunk key. The car should fire up with a new battery and maybe some new gas.
- The car needs the details finished to make it a complete car. Technically it's a drivable classic as it sits (assuming the motor doesn't need to come out).
Onto the good stuff:
Factory Fastback 2+2 car, a rare option, especially to find one in Alaska.
New (re-manufactured) PAW 289 CI V8 with less than 10 miles on it. .020 over
Custom 6 pack intake with triple 2 bbl carbs, including progressive throttle linkage (super cool setup)
Car will come with additional 4bbl Edelbrock intake and 4 bbl carb
Engine bay has been cleaned and repainted with a satin/flat black
4 Speed Transmission with new clutch and throw out bearing
Electronic ignition (no more points!)
New brakes all around, including all hard lines.
New rear axle bearings
New Styled Steel Wheels (similar to a Cragar SS look)
New Tiger Paw tires (this was probably 6-8 years ago, they may not be good for anything but rolling stock)
Will come with original wheels
Brand new Pony exhaust (complete)
HiPow exhaust manifolds (not original)
New Fuel tank and sending unit
New wiring throughout (main dash harness is still original)
Almost new interior
New floor pans and seat risers
New carpet kit
Pony interior added by previous owner, still in good shape.
Dash repainted gloss black
Replica Rally Pac (rare option, even with an aftermarket piece)
Wooden Pony Steering Wheel
GT fog light kit
Additional headlight switch
New Gas Cap
New weather stripping in the box (uninstalled)
Truly too much to list. Spare parts galore, 2 spare 289 motors will come with the car, both need work. All kinds of documentation, from shop manuals to reproduction parts books. All the parts are there for a complete car, it just needs someone to finish it.
So you cannot drive it, but it seems to be all there. My guess based on what you list is $5,000. And that's my maximum. Too many unknowns to risk more.
But that's just me. Others here will likely chime in and rebut me.
From the description, it sounds like it is drivable. There is a question of the motor currently in it as far as bad ring or just not seated. May or may not be an issue but I have a roller 302 I would be swapping into it anyway. The 289 would just get sold.
I will be going to look at it this weekend since obviously the pictures don't tell enough about the car. Either way, $5000 seems pretty low especially considering the work already done. Hell, I have a 65 coupe I have been working on and have pretty much done the same to it as they have to the 66. I know I have at least $5000 into mine. That said, I appreciate the opinion and certainly looking for more.
Wife,........."You drove how far for that thing?"
Daughter,..."Theres no inside and it stinks."
Friend,......."Dude, thats a rusted piece of sheet."
Son,.........."This old car is cool."
Tough to tell without looking at it in person.But based on what I see in the fastback market,I don't think $5k will get that car( too low). Personally I would try to get a number out of the guy before I made an offer.You might get really lucky. The tripower setup has me very intrigued some of those setups are worth some good coin.
I dont know about other regions, but here in Central Texas, where we have no rust issues, a fastback litteraly goes for 10K more than a coup . . .
In short, I'd be shocked if you could get that car for less than 10K but I do wish you the best of luck
PS - come back and let us know would you?
289 with 4 Barrel
US Army 1983 - 1995
MOS 21G (Pershing Electronics and Materials Specialist
MOS 35H (Repair and Calibration of test and diagnostic equipment.
Currently Senior Field Service Engineer for MKS Instruments.
I promised my car on the day that I bought her that if she got me all the way home from San Antonio that I would do my best to take good care of her. She got me home, so now it's my turn to come through . . .
And how many of us have offered assistance based on an online or emailed description only to find the car is far from as described? No way do I go out on a limb and offer assistance to someone and give them advise that I would not follow myself. Would you offer $10k of YOUR money based on a description that you cannot confirm?
1966 GT coupe, A code 289, 4 speed.
The AutoGuide.com network consists of the largest network of enthusiast-owned enthusiast-operated automotive communities.
AutoGuide.com provides the latest car reviews, auto show coverage, new car prices, and automotive news. The AutoGuide network operates more than 100 automotive forums where our users consult peers for shopping information and advice, and share opinions as a community.