69 Fastback Value?

Discussion in 'Classic Mustang Specific Tech' started by Turbo224, Jun 19, 2013.


  1. Turbo224

    Turbo224 New Member

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    I'm new to the forum because I am in the process of purchasing my first mustang. Stumbled upon this at work today. I spoke with the owner and he's practically giving it away, so it's definitely coming home with me in the next few days. What do you guys think its worth? Has rust in the quarters and one of the doors, a few dents here and there, and the interior is obviously shot. Floors, trunk, and frame rails are all completely rust free. Original motor is gone, but the owner said it has a 351 Windsor that's been rebuilt a few years back. Car runs if you are pouring gas in the carb, but I suspect the fuel pump is toast because it won't stay running. He has a clean title in hand. I'm no mustang expert, but I know the 69 fastback is a pretty desirable car. What do you guys think its worth?
     

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  2. 65fastbackresto

    65fastbackresto Active Member

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    Welcome to the site, I hope you find these forums as helpful as I do. As far as your car goes, just ebay a few and you`ll know what you got, versus what your paying. Those funky fender flares on back need a chainsaw put to em though....
     
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  3. Turbo224

    Turbo224 New Member

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    Yeah, the fender flares are certainly one the way out.
     
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  4. palerider94

    palerider94 Member

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    Id say somewhere around $6k
     
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  5. zookeeper

    zookeeper Founding Member

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    Here's what I'd do: first figure out what the finished car would be worth built the way you want. Check ebay and find something close in both stuff added, the level of restoration, etc that you think you'd be happy with. Then subtract the amount the owner is willing to sell the car you are looking at for. For example, lets say you find a nice, finished car online for $25K. Seems like a lot money, right? Especially if you think that this car is only (for example) $5k and you can build it as you can afford it. But unless you can do everything and I mean EVERYTHING yourself, you may be in for a shock. The only thing I see usable on the car is the basic body/ chassis. Every car ever parked and forgotten has somehow had a new motor put in right before they gave up on it, so don't believe it. So figure $5-$10K for paint (at least), who knows how much for interior ('69-'70 interior parts are the most expensive of the vintage-era Mustangs), then engine repairs, brakes, incidentals (radiator, heater, electrical and gawd-only-knows-what-else) and it's pretty easy to get in over your head and manage to build a $25K car for $35K in parts and labor. Having said all that, it is a neat car and that generation makes great cars, but be careful.
     
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  6. Turbo224

    Turbo224 New Member

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    Just like any restoration project, I'm sure I'll run into a lot of problems along the way. I don't plan on doing a full restoration for a while, I think I'll just start with getting it running. I've seen the receipts for the motor rebuild that happened back in 06. The previous owner actually had it registered and was driving it on a regular basis, so I'm sure it's not far from being road worthy. He never had the carb rebuilt when he had the motor out, so I'm going to start with that and see what happens. I suspect that's the problem that made him take it off the road. After its road worthy ill probably clean up the interior a bit to make it more presentable. As far as paint and body go, I'll probably just start by getting rid of those awful fender flares. After that, I just want to drive the thing. Doesn't need to be pretty for me to enjoy it, all that stuff can come later.
     
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  7. zookeeper

    zookeeper Founding Member

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    Smart man. Hey, the most fun I had with my fastback was BEFORE I redid it. I drove the thing everywhere, and I do mean everywhere. The paint was chipped, faded and mis-matched, the interior was worn, it had rusty bumpers and breathed through the stock 2 barrel carb and single exhaust. It wasn't fast, didn't handle well and rattled when I closed the doors. But guess what? My kid could eat fries in it, I drove it the local community college where I was taking classes after work, that's after I drove it to work and it sat in the parking lot there. Don't get me wrong, I love the finished car and still drive it occasionally, but it doesn't get used nearly as much, my kid has to be careful just walking by it in my shop, my dog can't ride in it anymore and eating in it is a definite no-no. Something to be said for a less-than-perfect car and I think you'll really enjoy it since you seem to have a great attitude towards it!
     
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  8. Walter Sparks

    Walter Sparks Member

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    I agree..I like a fully restored car too..but there is something to be said with just a good old beater that you can enjoy driving. I think I am leaning more towards this type of restore on my old 67 GTO, I was wanting to do a frame off job..but I am thinking I may just spray the rusty spots with some rust killer, maybe do a back yard paint job and put her back on the road. not too much rust on her anyway. Build me a hot 455 and go through my muncie 4 speed..heck I might even take off the 411 posi and put something in the low 300s in there. It would be fun to drive her again..its been over 20 years waiting on the restore.
     
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  9. Turbo224

    Turbo224 New Member

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    The more I think about it, the more I like the idea of a driver. Who cares if its ugly!
     
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