Thread: 1969 Mustang Question

Hey guys! I have a question. My dad said I can have a car for graduation, just so happens one of my frat brothers has a 1969 Mustang for sale for $11K. It's about 80% done, it has a new engine, front suspension, front break discs, breaks and so fourth. He told me the Transmission is ok but its original to the car and that it could use a new one. It also needs a paint job (my dad owns a body shop so I can get paint and body for free) He has a slew of parts for it so I can use some of those. Yall think its worth it? Tom I know you can help me out with your expertise! ;P

Value on the old ponies is determined by a number of things. First thing you can do, is go out and get yourself a copy of Hemmings Motor News. Its filled with adverts for classic cars. It will give you an idea on asking prices. Remember, just because somebody is ASKING for a price does not mean you should PAY that! otherwise, I would tell you I have a one thousand dollar Filly Dobl Temple 12 you should be buying.
2) CONDITION of the vehicle. make sure that the price matches the car! You say the engine has been replaced? well guess what, that LOWERS the value. If the numbers on the engine block do not match the numbers on the vehicle frame, its no longer all original, and collectors value is reduced markedly.
Make sure to compare your apples to your apples, because a cherry mustang is not necessarily a peach, it could just be a pear of old parts slapped together!

Will you have the time and the money needed for the upkeep of a 44 year old car? About 20 years ago I was this close to buying a 68 GTO, I had the money to buy it, but not to finish the work it required. Looking back on it, I'm glad I did not buy the car. For what it's worth, I would pass on it and get a more reliable and fuel efficient car for now and get an old muscle car when you have more disposable income. JMO.

2 things: maintenance and gas.

Old cars require quite some maintenance. Do you have the time and inclination to do that. And the mileage on that beast will not be wonderful. So how much do you anticipate to do per month, what is that going to cost you in gas, and are you ok with that.

Do you know which model it is?

I had a 67 coupe with a straight six and 3 speed manual. All of which was original. 19 years later that is still my favorite car I've owned. If not for a tree splitting it like a wish bone...I'd still be driving it around (nice weather of course).

Is this to be your daily driver or a fun car? Unless I lived in a nice weather climate I'd only use it as a spare car and have something reliable and safe for bad weather.

Good luck in your decision...I've been fighting the urge to scoop up another one as a project car myself.

Reminds me of a certain MG that I just had to have..

I knew a guy too

My friend Charlie who was the owner of Britalia Motors, his specialty was British cars, I asked Charlie to take a look at it and tell me what he thought.. He said "Glen honestly I don't need to look at it I only have to ask one question" "Do you NEED the MG" ????
I thought a second and said "Hell No Charlie it is a toy, something I have always wanted, but I have a Car, Motorcycle and a 4x4 Truck for anything I need..

He smiled and said "Well Hell Glen you're going to love that MG when I get it done"

Lesson Learned, never buy a collectable as transportation

Originally Posted by gssixgun

Lesson Learned, never buy a collectable as transportation

Yet all of us buy collectible razors to use them for regular shaving

Cars like that are man-toys and for tinkerers. It's a hobby. if you have the money and are really handy it's fine. it's not for actual transportation.

Thanks for the advice gentlemen! Hopefully with enough elbow grease I can get it to tip top shape if I get it! The thing with classic cars is they never go out of style! If I were to get a Benz, the thing would be old within three years. Hopefully I can make a deal with my frat brother.

C6 Trans runs about $1200-1800 not installed. Figure new U-joints as well, another$200 if you can't do the work. Go from there. Also, I'm sure your Dad knows to check the shock towers in the front and rear. They are notorious for rusting out and is MAJOR pain to repair. Also, get a good look at the floor pans, trunk pan, and rear window frame from inside the trunk. I think you want to look really hard for rust. They were called "Rustangs" and one point in their history.