34k Mile 1979 Ford Mustang Turbo Pace Car

This iconic 1979 Mustang is for sale in Katy, Texas, just outside of Houston. It is for sale here on eBay with an asking price of $22,398.92. That’s right, the Buy it Now price is to the penny! Of course, the seller will consider offers for this Indy 500 Pace Car. Being an all original low mileage car that looks to be in really nice shape, that price might not be unrealistic.

Production of the Indy 500 Pace Car edition totaled 10,478 cars in 1979. The special interior included Recaro seats covered in houndstooth fabric.  A buyer could choose between a 3-speed automatic or a 4-speed manual transmission. The 4th gear of the manual transmission featured overdrive gearing.

A buyer also had two engine options. The 5.0-liter V8 or a 2.3-liter turbo 4-cylinder engine were available in the Pace Car edition. Most Pace Cars were ordered with the 2.3-liter turbo engine. The Indy 500 Pace Cars for 1979 were loaded with multiple options including the TRX suspension. These are fun cars to drive, especially with the TRX suspension.

The 2.3-liter turbo engine produced 131 hp and 142 ft-lbs of torque. In addition to low mileage, this survivor has a moonroof and appears to have lived a pampered life. With Fox-body values on the rise, what do you think this one will sell for?

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  1. Arthell64 Member

    I like the 79 pace car mustangs but I don’t see it being in the same price range as the 93 cobras. It does appear to be a clean car.

  2. Miguel Member

    I can hear the engine knock from here.

  3. Mark

    Does Michelin still make the TRX tires??

    And at what cost?

    • Superdessucke

      If you can drop 24k on a ’79 Mustang, I doubt cost of tires is going to be much of a concern? Anyway, they’re about $275 per tire.


    • Andrew

      LMR now makes that wheel in a true 16”.

  4. Superdessucke

    24k?? He needs to find somebody who had one of these in high school or whatever and is now very affluent. I don’t see why one would buy this instead of that 1986 GT.

    • Brett

      I had the V8 version in high school, and even as a long time and multiple fox body owner, $24k is still not my number. Even though it has low miles, I would be tempted to drop in a modern 4cyl eco boost drivetrain.

  5. TimS Member

    There must be a $20 bonus paid for calling something “iconic.”

  6. MrMustang

    4 banger, pass…

  7. Marathon06

    Good luck on getting that price. It would need to have less than 5K miles, be a gold MCA car and be detailed to the max to be worth the asking price. This pace car is none of the about. It is nice but this is a $10-12k Mustang and I do like fox bodies.

  8. Djjerme

    One of the first engines I ever rebuilt was one of these 2.3 turbo motors in a ‘79 mustang hatchback. I ended up trading the car for a Pentium 3 PC (dumb teenager). Yah. Wish I still had that car.. By far my favorite year of the Fox body based on looks alone. The later cars had such a plastic look and feel.

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