289/4-Speed: 1966 Ford Mustang GT 2+2 Fastback

The owner of this 1966 Mustang GT 2+2 Fastback found it languishing in a shed. It had occupied that spot for many years, but when he dragged it out into the light of day, he discovered that it was a fantastic project car with a desirable collection of optional extras. He has decided that the GT needs to go to an owner who can do this classic justice, so he has listed it for sale here on eBay. The 2+2 is located in Mesquite, Texas, and while the spirited bidding has pushed the price to $27,100, this remains short of the reserve.

The first thing that jumped out at me about this Candy Apple Red Mustang when I looked at the supplied photos was how solid it appears to be. I’m not sure whether it has spent its whole life in Texas, but if it has, the buyer is set to benefit. It looks like there could be a couple of small spots in both lower front fenders, but the rest of the exterior looks pretty clean. The owner supplies some limited shots of the GT’s underside, and once again, what can be seen seems pretty promising. There are no obvious signs of anything beyond a dusting of surface corrosion. If the pictures tell the true story, this Fastback will represent a solid foundation for a project build. The paint and stripes show their age, but unless the buyer is determined to retain the vehicle as an original survivor, treating the exterior to a cosmetic refresh should be a simple process. The chrome would be acceptable for a driver-grade car, but the wheels show enough surface corrosion to warrant restoration. The glass appears to be in good order, which means that this Mustang is looking pretty promising so far.

Lifting the hood reveals that the original owner ordered the Fastback with an A-Code 289ci V8 and a 4-speed manual transmission. That 289 was capable of producing 225hp in its prime, and when combined with the 4-speed, that was enough to fire the GT through the ¼ mile in 15.5 seconds. The next step up for potential buyers would’ve been the K-Code 289 that pumped out 271hp. However, that engine was also more highly strung, so the A-Code represented a good compromise for buyers seeking a daily driver. The owner says that the Mustang doesn’t currently run, and it isn’t clear how long it has been since the A-Code last roared into life. He also doesn’t provide any information about whether the engine turns freely, so we are flying blind. However, the vehicle rolls and steers, so loading it up for the trip home won’t be an issue. If the Mustang doesn’t already tick the boxes for you, the seller is offering a sweetener. He says that due to his advancing years and the current circumstances with Covid-19, he is willing to include shipping anywhere within the Continental United States at his cost for the remainder of this year. For international buyers, he will include shipping to a port within that same area at his expense. That could represent a substantial saving for some buyers, and it is an offer that is worth considering.

The good news continues when we open the doors and take a peek inside this Mustang. The original owner ordered the car with a nice collection of optional extras, and these remain intact. It is also an interior where the buyer shouldn’t need to spend a dime. The original owner ticked the box beside the Black Pony Interior, and that’s what we find here today. However, all of the upholstery is essentially new, with the previous owner replacing it while the car was in storage. As a result, there is not a mark or a sign of wear to be found anywhere. As well as presenting superbly, the interior is equipped with air conditioning, a console, Rally-Pac gauges, the beautiful woodgrain wheel, and the rare factory AM radio/Stereosonic tape player.

When the owner listed this 1966 Mustang GT 2+2 Fastback for sale, he set the auction to open at $500. It took a mere seven minutes for someone to make the first bid, and it had rocketed beyond $20,000 within nine hours. It is evident that people like what they see, and it’s easy to see why. With 1st Generation Mustangs now firmly established within the classic scene, a highly-optioned GT Fastback project car, especially one with little or no rust, will always attract its share of attention. Fully restored, there is no reason why this vehicle couldn’t command a value beyond $60,000. That helps to explain the auction action, but are you tempted to join the bidding war?


  1. A.G.

    Has the driver’s footwell been patched? One of the auction images leads to the question.

    Like 1
  2. DanaPointJohn

    I had this exact car, but in yellow, in 1969. A friend shipped out to Vietnam in June, and said I could drive it until September, then sell it for him.This was the summer between my junior and senior years in high school, and was a blast! BTW, my friend made it home after his tour and lamented asking me to sell the Mustang.

    Like 5
  3. danny mather

    wow 65 66 G.T. I would pay 30.000.-0 spend another 5 grand on mechanics and 5 grand on cosmetics. Buff the hell out investment 40,000 worth 60 case closed. thanks Dannys Mustangs.

    Like 2
  4. Scott Baker

    Looks like it has front disc brakes too.

  5. gaspumpchas

    all the goodies. Guess its the pic of the mill but looks like it could have been in a flood?? I see its got the aircleaner bypass option. Anyway look it over good, sure would be great one to bring back or drive as is. Good luck and happy motoring.

    Like 2
  6. MikeB

    Now this is one heck of a find !! Couldn’t really ask for much more in the way of options. Hope someone posts the final selling price.

    Like 1
  7. Joe Sewell

    A code. Sad that someone drilled into the air cleaner lid….. Looks complete.

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