This 1968 Mustang runs and drives, while the owner suggests that returning it to a roadworthy state would not be difficult. That opens the opportunity for the buyer to clock up some miles while they tackle the restoration as time and circumstances allow. There’s no doubt that we will have readers who will find this to be an attractive proposition, which means that they might want to take a closer look at this classic listed for sale here on eBay. The Mustang is located in Memphis, Tennessee, and the bidding has been spirited on this classic. There have been 28 bids that have pushed the price to $15,600. However, the reserve remains unmet.

It’s probably no surprise to learn that this Meadowlark Yellow Mustang has some rust issues that will need to be addressed before a fresh coat of paint is applied. Externally, we’re talking about most of the usual areas, including the lower front fenders, the lower rear quarter panels, and the bottom corners of the doors. There are also some spots on the trunk lid, but itis hard to tell whether these are repairable. The vehicle’s underside is described as being pretty solid, although I can see some rust in the trunk pan. If the floors, frame rails, and torque box regions are clean, this is a car that shows potential. Both of the bumpers have corrosion, although the remaining trim and glass look quite good. The Mustang rolls on a set of GT wheels, but the badges are missing from two center caps, and the wheels themselves need a thorough clean.

It isn’t clear whether the Mustang is numbers-matching, but it does feature a 289ci V8 under the hood. If this is original, that makes it a C-Code that would be producing 195hp. Bolted to the back of this is a C4 automatic transmission, while the buyer will also receive power steering. That combination should allow the Fastback to tackle the ¼ mile in 16.7 seconds. That was a respectable number back in 1968, but if the buyer is not going to focus heavily on originality, extracting greater performance levels from this motor should not be a problem. The good news here is that the Mustang runs and drives, but the owner suggests that the vehicle will require a full mechanical check before it could serve as a daily driver. The engine bay shows surface corrosion in a few spots, so I suspect that the buyer will probably pull the engine during the restoration process so that this area can be returned to a pristine state. That would also offer the opportunity to fully detail the engine so that everything would dazzle people whenever the hood is lifted.

One of the great attractions of 1st Generation Mustangs as project cars is the ready availability of parts. An entire industry has grown up around the supply of high-quality reproduction parts, and economies-of-scale has meant that these parts are generally quite affordable. It is areas like the interior where restorers will reap the benefits because trim and upholstery kits for Mustangs are some of the cheapest in the market today. This is a good thing because this Mustang will almost certainly require a trim kit if it is to be returned to factory fresh. The interior is serviceable as it is, but I can’t imagine anyone treating the rest of the car to a refresh but leaving this untouched. All of the upholstered surfaces show their age, while the dash pad and carpet have copped the brunt of wear and UV exposure. A high-quality trim kit will set a buyer back about $1,600, but this won’t include the rear trim panels. The originals have been cut to accommodate speakers, so replacements would need to be found. Reproductions run out at about $600 per pair, so for $2,200, the interior could potentially look perfect once again.

I think that it is a fact of life that the 1st Generation Mustang will remain a desirable classic for many decades to come. With most classic cars, I tend to be an advocate for undertaking a faithful restoration. However, vehicles like this 1968 Mustang Fastback are a slightly different proposition. In that model year alone, Ford managed to sell an incredible 317,404 Mustangs, which means that they were not rare when new. A surprising number have survived unmolested or have been restored to factory fresh. That leaves a lot of scope for someone to take a car like this and perform some upgrades as part of the restoration process, and the level of flack that they could potentially cop from purists would be minimal. I would be tempted to extract some additional ponies from that sweet little V8, perform some upgrades to the brakes and suspension so that these areas can cope with the improvements safely, and maybe even consider a color change. When it was new, the attraction of the Mustang was that buyers could tailor the car’s specifications to their specific needs and desires. This one is now 52-years-old, but I can’t see why its next owner couldn’t undertake the same process today. Can you?