If you’ve been looking for a project car, and you’re a fan of this era of Mustang, this one is for you. This is a 1972 Ford Mustang and it’s a 302 3-speed manual car. It’s located in the Green Bay, Wisconsin area and is on craigslist for $5,300. Hagerty is at $5,200 for a #4 fair condition car in this configuration and $7,500 for a #3 good condition car.
The seller says that it looks like original red paint, but a few sentences later they say that it was “rust repaired about the rear fender wells” probably sometime in the 1980s and they used Bondo. It probably looked good for a decade but then has deteriorated to where it is now, definitely in need of being fixed correctly.
This is a hardtop model, but it’s not a Grandé edition with vinyl roof, bummer… Ford also offered the Mustang in a SportsRoof and a convertible body style. The doors on this car supposedly “close good” which can be a concern with these big, heavy doors. They mention that the floor boards are good, but then say that there is a soft spot on the driver’s side rear floor and that the trunk is solid. If this has been a Wisconsin car for the last 45 years, I would expect to do a fair amount of welding on it once you strip it down to bare metal.
The interior looks fairly solid, but the passenger door panel appears to be missing and there’s no mention of that. That is one incredibly important reason to always get an inspection on any vehicle that you’re looking at online, especially if there’s not an overload of good photos showing every square inch. And, we all know that it’s a rare online ad that has a wealth of great, detailed photos. And, even if there are a ton of great photos, you still can’t tell, so, get an inspection! The seats have a few tears in them but you should be able to track down an upholstery shop to match that pattern. The back seat looks perfect. And, there’s the 3-speed manual!
This is Ford’s 302 V8 with a two-barrel and around 140 hp. There isn’t much info given on it other than this car has 75,000 miles and it runs and drives good. There will be a lot of bodywork and rust repair to do on this one. I would want to see the underside for sure. Have any of you owned a 1971-1973 Mustang? What do you think of this one, is it worth restoring?