Question I have a 67 coupe mustang with 59000 original miles v-8 289 automatic clean car one time owner it was my grandmothers everything original except paint job and i just wanted to get a rough estimate what you think its value is. thank you kelly
AnswerKelly,
It is impossible to give an accurate value from the description given, and even if you go into great detail, it would still be impossible.
Only a personal inspection and drive will let anyone give a somewhat firm value for the car.
I can give you a range of values. Assuming it is not the fastback version, (those are worth a little bit more) your car has a low value for a near parts car (needing major work in all areas, but restorable, a #5 car) of about $4000.
A midrange car (#2, working and driveable in all respects needing almost nothing just to enjoy, but having normal wear and tear, but also being very presentable) is worth about $16,000. A true showroom fresh car, virtually perfect in every respect, needing nothing, showing no wear and tear (a #1 car) is worth about $24,000.
If I was to guess at your car, and this is a pure guess, a typical well cared for, but not professionally maintained car would be worth between $10,000 and $20,000 depending on real condition, and options, and color (they don't call it "resale red" for nothing!).
The early Mustangs are great cars to have fun with. The one you describe has two possible futures.
1. Leave it as it is and enjoy it, not having to worry about every little scratch or bug that hits it. Keep it clean and maintained and if properly stored (dry, out of the weather) it will continue to go up in value, but will also be a very enjoyable car. Parts are easy to come by to keep it original and running.
2. Restore it to stock and really there are at least two options within THIs option: A: Total restoration, everything taken apart, any suspect part refinished or replaced. This can cost $20,000 by itself easily, but the car just might be worth what you put into it when done, but ONLY if you never really drive it, it will become something to look at. B. cosmetic restoration with new paint, maybe new upholstery, but not taking EVERYTHING apart. This can be done for a lot less, the car will look a lot better, and you can enjoy it without worrying so much. It won't be worth what the total restoration is, and won't win a lot of trophies, but will still be fun to own.
There is another option, what is called "Restification" This is where you fix up and paint up the car but modify it to fit your own goals and needs. Want better brakes? Add disk brakes front and rear. Want more power and a manual transmission? Make the change. Etc. This can cost from very little to a BUNCH depending on what you select and how far you go. These cars also run from trailer cars that you might not want to drive to those that you can have a lot of fun with.
If you like the car pretty much as-is and winning trophies is not your goal, then I would recommend enjoy the car just like it is. You can always restore or paint it, but if the paint is good, lots of people appreciate and love to see unrestored originals, so if it was mine and presentable, I would leave it just as it is and keep cleaning and enjoying it.
Don
