Classic/Antique Car Repair: 1967 mustang, kitchen magnet, wiggly worms

Question

exterior  

interior   I'm in the middle of buying this 1967 Mustang and I've wanted one for a long time, but I'm not quite sure how to value one. I was wondering if you could give me a ballpark figure on with the car would be worth so I don't go into this negotiation blind. any help you can give me would be greatly appreciated. I will give you some specifics about the car. it is primer black with a fiberglass hood with a hood scoop. the interior looks virtually untouched and 9 out of 10 clean. It has a 289 with a edelbrock600 cfm carburetor. Dropped in a T-5 5 speed transmission. Has power steering, and a swaybar. once again any information you can give me would be greatly appreciated thank you very much in advance.

Answer
Boy, this subject can be a whole bucket of wiggly worms. First the Mustang has become a very collectable car drawing some big bucks. The range of price as far as I am concerned would be from $5,000 to well over $25,000. This series Mustangs had some major rust problems if the car was a rust belt car. The second thing in your description is the amount of non stock parts like the hood etc. Then there is the paint, the primer black. Now we get to condition. Is there any body repair that has been done with gobs of Bondo? I use a kitchen magnet like you use to save stuff on the refrigerator door to check for plastic. The interior may be worn to the point that the car is no longer a high buck car. While you are looking at the interior peel back the carpet and check the floors for rust and or repair. Do the same in the trunk. Now check the wiring under the hood and dash. I have seen some real horror shows under the dash after Magilla the Gorilla got through installing sound equipment and gauges. Wiring can be expensive. The reason for checking all that stuff is that you might get a great deal on the car and then have to spend three times that money to get it to run right. So ball pricing a price is a real can of worms.