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1970 Ford Mustang 302 Fastback Project

There will always be a sense of guilt involved in modifying a classic car like a 1st Generation Mustang to build the car of your dreams. However, this 1970 Fastback would help to decrease those guilty feelings. This is a car where what you see is what you get, meaning that it is a blank canvas for its next owner. It is also a rust-free vehicle, which makes it even more attractive. Located in Anaheim, California, you will find the Mustang listed for sale here on eBay. The BIN has been set at $10,300.

When it was shiny and new, this Mustang wore the attractive shade of Dark Ivy Green Metallic. Those days are a long way behind it now, so there is some work ahead for the buyer. However, this is a car that has spent its life in California. That is always a good sign when it comes to the rust-prone Mustang. This one doesn’t disappoint because the numerous photos that the owner supplies show some areas of surface corrosion, but there is no rot to be seen anywhere. The floors and frame look sound, as do the shock towers. The torque box region is clean, and there are no issues with the lower body extremities. That means that this is a project car where the first step won’t be a pile of cutting and welding to achieve a structurally sound base. Given how dismantled the car already is, I would be inclined to have the whole vehicle media blasted. That will banish the surface corrosion and provide the buyer with the greatest opportunity of ensuring that rust is never a problem with this classic in the future. The buyer will need to source a new hood and many trim pieces, but all of the original tinted glass appears present.

The Mustang’s interior was originally upholstered in black vinyl, but there isn’t much of anything left today. A new interior will need to be sourced and fitted, but once again, the new owner will be working with a blank canvas. They might choose to purchase a trim kit in all of the correct materials and patterns, or they could follow a completely different path. This would make an excellent basis for a restomod project, and I’m not just talking about the interior trim choices with this car. The engine bay used to be filled by an F-Code 302ci V8, backed by a C4 automatic transmission. Now it is filled with a lot of fresh air. The rear end is there, along with some of the power steering and power front disc brake components. The engine and transmission are a distant memory. So, what to slot in their place? The buyer could source a replacement 302 and a C4, but they could choose whatever they wanted. Following the restomod path would be a tempting compromise. The owner would find themselves with all of the 1st Generation Mustang looks and character, but with a more modern drivetrain that could be safer and more user-friendly.

So often, when a person decides to wander down the path of tackling a classic Mustang project, they will be faced with the prospect of spending thousands of dollars on rust repairs before they can start to tackle any other aspect of their build. The person who buys this one will not be facing that trauma, but they will be facing many choices regarding the configuration of their classic. Those are what I refer to as the “nice” choices in any build. Those are the ones that allow you to fully visualize what you are trying to achieve, how you want your car to look, and how you want it to go. What choices would you make? Are you likely to choose to buy this Mustang and to turn your dream into a reality?


  1. bobhess bobhess Member

    Would certainly rather start with this than the ’57 Chevy and the Corvette parts. Could be a good one.

    Like 7
  2. Steve R

    This is a car that would have benefited from an afternoon worth of cleaning. It looks like more of a mess than it probably is. The “rust” doesn’t appear to be more than surface rust, which can be dealt with by using a couple of sheets of sandpaper. This is the type of car that will eventually be turned into a restomod because those builders are mainly looking for a decent body without concern for drivetrain or interior.

    The seller needs a reality check when it comes to valuation, he is also the seller of the overpriced green 1970 Nova featured in this site yesterday.

    Steve R

    Like 11
    • Gunr70

      $5000 tops for the basic rolling car. You will spend $10,000 on interior, $10,000 for body work and paint, $7-10,000 for engine, transmission and wiring. Not to mention the wheels and tires. Hagerty has #4 at $8500 with engine and tranny, with average of $13500.00.

      Like 6
  3. Huntley Hennessy

    I would love to have this project, but the asking price is way beyond reason. I have restored and restomodded a lot of Mustangs over the years and I know what it costs to build one.

    Like 9
  4. stu

    There is a born sucker all day long… No shortage of people spending silly cash…So many started projects get unfinished and come for sale all the time!

    Like 3
  5. Mark

    I sold a 60k mile 69 base model fastback with a stock 302 AT all original near perfect black low back bucket seats interior with one 1980’s repaint 7 years ago for $12,500.00. It was virtually rust free. Incredible straight solid body. I bought from the original 70+ year old owners. This guys price is NUTS!

    Like 8
  6. stu

    True Mark but these cars are more in demand than before so the price goes up!

    Like 1
  7. Huntley Hennessy

    The old car market is like a roller coaster. Up and downs are common. One thing is certain. Restoration costs always go up.

    Like 2

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