Join Date: Jun 2014
Location: Rocket City USA
That's my favorite type of old Mustang project car (assuming he's got some proof of ownership and the provenance is not scary). It may be untouched since the factory! Believe it or not, the price is relatively low for its condition and pedigree. I see folks asking $16 an up for much worse 69 fastbacks. They never sell of course, but they still try. I'd buy that car at $8K in a hearbeat even if it was a straight six engine. It's a fastback, the body panels look straight, the fiddly exterior trim parts look to be present, the seats are present, the glass is present, and so forth. Rust can be fixed and mechanicals can be replaced. If you're up for a DIY, multi-year, full rotisserie restoration, I say go for it. But like everyone above says, don't think you can hand this car off to a "professional" restoration shop and remotely break even. You'll likely spend over twice the car's final market value paying for "pros" to restore the car. This is an ideal parent/kid bonding project, which is the heart of our hobby.
Move along. Nothing to see here.