Second Mustang. Any thoughts on a '79?

[stmcatee]

Looking at buying another car to drive while I finish up my current project (1973 Mach 1) and found a 1979 Mustang Indy 500 Pace Car for $2500. 5L, 5-speed (B&M shifter, but I don't know what the transmission actually is). Needs paint touch up and new seat upholstery, possibly foam, has a small dent in one door and one wheel.
Is it a good price/find? I've been looking for a fox body for a while now and it looks sweet. Any tips on things to check before I buy would helpful too.
Thanks!

 

[wythors]

A Pace Car for $2500 that runs and isn't rusty is a good buy. Recovering the seats with the proper fabric will be quite expensive and the car came with a four-speed, if you care. Personally, I don't see how you could lose money on it, if it's all there.

 

[larrym1961]

The '79 Indy Pace Car Mustangs are also one of the more collectable Fox body Mustangs too. It may be worth investing in and fixing up if it is in decent shape I would think.

 

[stmcatee]

Thanks. I plan to have it checked by a mechanic before I buy, so I'll check for rust. If I buy it I will be driving it as my primary car, and it already has 111,000 mile on it. Is that a bad idea?

 

[85_SS_302_Coupe]

There's one local for i think $3900 and it only has like 79k original miles, no rust, very nice original paint. They're out there you just have to find people hard up for money.