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Early Production: 1965 Ford Mustang Drop-Top

This 1965 Ford Mustang is one of the earlier production models sometimes referred to as a 1964 ½. However, all Mustangs built before the 1966 model year were titled 1965 automobiles. The data plate on the door verifies that this car came from the factory with a 289 V8 at a time when the 260 was still the basic V8 offered. We’re told the pony car runs off a jug but will need a complete restoration. Located in a dark garage in Hampton, South Carolina, this early Mustang is available here on eBay where the bidding stands at $5,100, though the reserve is unmet.

Prior to the 1965 model year, Ford was still using generators with its cars. So, the early Mustangs had them before switching to alternators when full-year ‘65 production. This car has one, further pointing to its status as a “’64 ½” Mustang. Unfortunately, the original 289 cubic-inch V8 and 4-barrel carburetor have been replaced with a 302, making the D-Code claim a little less valuable. We’re told the 302 here was built in Mexico in the 1970s, said to be heavier motors with wider main caps like the 289 HIPO. It’s paired with what’s likely the Ford’s original C4 automatic transmission.

We’re told the car runs and drives, but just around the block. While the fuel pump is new, apparently the gas tank and fuel lines need work as the carb will only accept gasoline from a container under the hood. The brakes are shot and a new battery is needed, perhaps the reason why the seller hasn’t attempted to operate the power convertible top. Since the tires at least hold air, it will roll and steer easy enough to be loaded onto a trailer.

The original color of this Mustang is Skylight Blue – but given some patches of black we can see – it’s not likely the factory finish. There is rust in the sheet metal and undercarriage, so the body shop is going to need to cut out the old and weld in the new. We’re told the hood needs replacing (why?) and the Mustang grille ornament is long gone. Oddly, there is a 1966 Mustang gas cap out back.

This car had a dark blue interior when new and what’s there appears original, but the front upholstery is worn out along with the carpeting. The seller is providing a new set of door panels to help get that work started. The canvas top is shot, having been partially ripped off in order to prevent the material from flapping in the wind during transport. So, right now, you have an open moon roof! If you could locate a period-correct 289 V8 to replace the 302, it might help the car achieve its $40,000+ resale value when restored.

Comments

  1. Avatar photo RoughDiamond

    When I was younger I would gravitate towards a project like this. Now that I’m older, my first impression of a project like this is “yikes”! Obviously someone out there has the time and money to restore this early V8 production convertible.

    Like 3
  2. Avatar photo gaspumpchas

    Hard to tell if the bidders are scammers or bona fide bidders fishing for the reserve. Parts available to fix but you are in for a world of work, inner rockers shot. Not for the faint of heart but fixable. Good luck and happy bidding.
    Cheers
    GPC

    Like 3
  3. Avatar photo Autoworker

    My cousin owned a 65 vert in the same color combination, except it had a 200 six. Went to rebuild the engine around 100,000 miles and discovered that two rod caps were reversed at the factory!

    Like 0
  4. Avatar photo Stevieg

    I bet this was a beauty when new! Light blue with white top & dark blue interior (with console). Wire wheel covers, 289 V-8, just a sharp car!
    Will take a lot of money to get it back to that point, but if bought inexpensive enough, could be worth it.

    Like 0
  5. Avatar photo Paul Pina

    It has the 66 gas cap and no pony with bars on the grille?? Replacement engine not a 289….no ebay seller info….it’s a fishy car to me…

    Like 0
  6. Avatar photo RMac

    But the ad says FREE local pick up…. So there’s that ??? Lol anybody charge for local pickup??

    Like 0
  7. Avatar photo Paul Hyde

    641/2 260 v8 – generator 65 289 v8 alternator 641/2 170 ci six 65 200 ci six 641/2 passenger’s bucket bolted to floor no adjustment . 65 passengers bucket on adjusters .

    Like 1
  8. Avatar photo joenywf64

    I wonder how many early v8 stangs were built with the 13″ five lug wheels!?
    This one can’t be that early ’65 – i think these are 14″ wheels.

    Like 0

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