C-Code Project: 1967 Ford Mustang GT Fastback

1967 marked the first year the Ford Mustang received any significant exterior changes, including the fastback, which got a more aggressive stance that extended all the way to the rear, rather than stopping short as the previous model did.  It’s a desirable body style, and while this 1967 Mustang here on eBay needs restoration, there are several positives to consider if you’re in the market for a first-generation example to take on as a project.  Located in Nottingham, Maryland, this one can be purchased today for the buy-it-now cost of $22,500, but the seller has also included the option to make him an offer.

Some of the favorable points here are that this pony is a factory GT model, so no cloning will be necessary, and it was originally painted the sought-after Acapulco Blue, which was also a popular choice on Shelby cars.  This one’s not the most capable when it comes to engine choices back in 1967, as it’s a C-Code, which places it at the bottom of the 289 hierarchy, featuring a 2-barrel carburetor.  However, being a 4-speed manual, the transmission offers buyers some good news here.  Not a single word is mentioned about the condition of either component, so it’s probably safe to assume that at least some mechanical work will be needed to get this Mustang operational again.

The seller also doesn’t go into detail about the car’s past, but the sheet metal shows a combination of patina, primer, rust, and what remains of the blue, indicating that at least an attempt was previously made to smooth out the panels.  There’s still a long way to go before this one’s ready for a respray, and unfortunately, the steel needs will extend below, as the floors will also require extensive work or replacement.  Thankfully, the rails still look fairly solid, so perhaps these can be salvaged.

Compared to the outside, much of the interior looks better, and it appears mostly complete from the front seats forward.  However, plenty of effort will be required in here as well, and one of the rear panels is missing.  Both buckets and the back seat will need new upholstery, but it appears all the gauges are still present, so maybe they will clean up well enough to keep intact.  There’s no doubt this 1967 Ford Mustang GT Fastback is worth saving, but with all its needs, I’m wondering if this one’s worth the initial $22.5k investment.  What do you think?