D-Code Running Project: 1965 Ford Mustang

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Because the Ford Mustang arrived in April 1964, many folks have referred to these as ’64 ½ models. But all of the popular ponies produced from March 1964 to August 1965 were titled as ‘65s. The seller’s Mustang is a bit rare after 60 years because it has a D-Code 289 cubic inch V8, only offered in ’64. It had a 4-barrel carburetor but with a lower compression ratio. A bit rough in appearance, a lot of the mechanical stuff has recently been refreshed. Located in Closter, New Jersey, this novel (?) Ford is available here on craigslist for $9,500 OBO.

Demand for the new Mustang was hot and heavy, and Ford built 121,500 in just the first six months (the so-called ’64 ½ era). It’s not known how many had the D-Code 289, which had a compression ratio low enough to run on regular gas. The 4V-289 would be joined by a 2V-289 in the Fall. This Ford’s original color was Sunlight Yellow, but some overspray suggests it’s wearing an older repaint (lots of patina with some serious rust peeking through in some places).

The seller or someone has put some money into the car, replacing or servicing a lot of parts (we’re betting it was a barn find). The list includes a new battery, all new fluids, tune up, brakes, tires, radiator, and fuel pump. We’re told it runs and drives at 136,000 miles, and the blinged-out 289 is said to be “like new,” which suggests a rebuild at some time in the past, but that’s just a guess.

Most of the cosmetic issues involve the body and paint. The interior looks great for being original and includes a console for the automatic transmission shifter. This could be a great Mustang when a restoration is complete, but the body shop will be licking its chops and putting new paper into the adding machine. Thanks for another vintage tip, Mitchell G.!

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Comments

  1. Mark F.

    Well if that is the original engine, someone painted it the wrong color. Ford didn’t use blue on the engines until 1966. That should have a black engine. And if it had the factory valve covers and air cleaner they would be gold. Also, not a big deal, but someone replaced the gas pedal or added the stainless steel trim to it that was part of the pony interior package. And someone added backup lights that are no where near the stock location.

    Like 5
  2. DA

    Might not be the original engine. It has an alternator now, a short dipstick, and the power steering pump is different. Would someone have gone to the trouble to source the brackets? Isn’t there a storage compartment as part of the console that is missing? This one looks unfinished.

    I agree with the body comments; whether or not it is DIY or a shop does it, it will take plenty of time. The price isn’t over the moon like some, but what does it look like underneath? That could be a tale of the (adding machine) tape.

    Like 1
    • Mark F.

      Yep you are right that console was cut off. If it were a factory short console for air conditioning it would have a chrome trim piece covering the end, but it doesn’t. This one was cut off and left unfinished.

      Like 0
  3. Robt

    Oh man.
    This one is only an hour away. Might have to go have a look this weekend if it is still available.

    Like 0

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