For Blue-Oval enthusiasts, finding a rust-free 1st Generation Mustang project car can be a bit of a challenge. For those people, fear not, because your quest might be at an end. This 1967 Mustang 2+2 Fastback is a vehicle that has spent its life in California, and it shows a lot of promise. It runs and drives, which means that the possibility is there for the restoration work to be tackled as time and money allow. The Fastback is located in Anaheim, California, and is listed for sale here on eBay. The BIN has been set at $38,000, and there are currently 140 people who are watching the listing.

The Wimbledon White paint that graces the panels of the Mustang is quite baked, and a full repaint is going to be on the cards for this classic. The panels themselves look to be pretty straight, with no significant dings or dents. The only apparent rust is what looks like a couple of spots in the bottom corners of the passenger door. The rockers and lower rear quarter panels look clean, and it appears that any remaining rust is little more than surface corrosion. The owner doesn’t indicate the state of the floors or torque box region. However, there is no carpet fitted at present. This gives us a look at the floors from the inside. The general impression is that they look quite sound. The rocker molding is missing off the passenger side, but the majority of the remaining chrome and trim is present. Its condition would be considered to be acceptable for a driver-quality restoration. Still, the buyer might want to send some pieces to the platers or replace those items if perfection is the goal. The Mustang features factory tinted glass, and this seems to be in good order.

Occupying the engine bay of the Mustang is a C-Code 289ci V8. This 200hp engine is backed by a 3-speed automatic transmission, while the buyer will also receive power steering. Cosmetically, there is some surface corrosion to address, while the air cleaner has been swapped at some point. Beyond those issues, the news appears to be positive. The 289 runs nicely, and the Mustang seems to be a driving proposition. There is a video at the bottom of this article which provides a walk-around. We can hear the 289 running, and it does sound clean.

Apart from a lack of carpet and the missing radio, the interior of the Mustang does appear to be complete. It shows the signs of both wear and UV exposure. Therefore, a full retrim will be required if it is to be returned to its best. The dash pad has no cracks, but it is heavily discolored. The buyer might choose just to replace the essentials, or they could conceivably opt for a full trim kit. The costs of these vary widely and depend heavily on the included components. They start from about $870 for a basic kit that consists of a dash pad, seat covers, door trims, rear trims, a carpet set, and a headliner. If the next owner wants to really go to town, then it’s easy to spend more than $2,000 on a kit. That will all be a matter of choice, because there are also plenty of options that fit between these two prices. The interior features a tilt wheel, and I believe that the Mustang might have been equipped with air conditioning. There is no visible hardware under the hood, but there are some components visible inside the vehicle.

https://www.youtube.com/watch?v=If7F_hksAUI&feature=youtu.be

Ther is no doubt that if this ’67 Mustang was treated to some restoration work, then it could be an attractive and comfortable vehicle. Its performance would not threaten a muscle car, but it should be capable of some relaxed cruising. I think that its biggest attraction is that it would seem to represent a sound basis for a project car for the person who wants to tackle a DIY restoration. For me, the biggest issue with the vehicle is the price. The BIN is on the high side, because it is possible to score some pretty tidy C-Code ’67 Fastbacks for under $40,000. What do you think?