Although a 1977 model with a base 4-cylinder engine that hasn’t been operational since the early nineties might not be the most appealing Ford Mustang out there, for $1,500, there may be some worthwhile possibilities here.  The seller doesn’t give us a whole lot of background, but does mention that this one is fresh out of the barn, so hopefully, some budget-conscious gearhead will find something satisfying to do with it.  Whatever the vision, there’s plenty of work to be done, but fortunately, this one appears to be mostly complete.  This red pony can be found here on Facebook Marketplace in Cascade, Wisconsin, and we’d like to say thanks to Barn Finds tipster Lothar… of the Hill People for making us aware of it!

Probably the worst area outside is the driver’s quarter, which shows significant rust, particularly around the wheel opening.  It’s hard to tell whether some of the other areas are actual corrosion or just paint peeling, but I’m pretty sure the tin worm has also been doing some gnawing around the same section on the passenger side.  Hopefully, most of the parts from the doors forward will be salvageable, sans the front bumper.

No attempt has been made to start the 2.3-liter engine, which might prove difficult, as no ignition key is present.  However, the seller reports that it still turns freely, so there may be hope of getting it going again.  However, another and perhaps better option would be to yank the motor and replace it with something more powerful, since this base 4-cylinder has a factory HP rating of less than 100.  Fortunately, this one’s equipped with a 4-speed, so whatever path is chosen, it’s already set up for a manual transmission.

Things inside could also use a good refresh or, at a bare minimum, a thorough cleaning.  However, with such a low initial cost, there may be enough funds left over to give the inside a nice makeover.  Nevertheless, if it’s just a cheap driver you’re after, maybe just spend an afternoon with a bottle of 409, splurge for some fresh carpeting, and call it a day.  I’m finding the price and 4-speed both appealing factors here, and I’d rather see this 1977 Ford Mustang saved than not.  How about you?