Entry-Level Project Pony: 1968 Ford Mustang Coupe

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Before every car had to be a profitable financial “flip,” spotting a ragged old Mustang in someone’s yard instantly sparked visions of its potential in the minds of passing gearheads. If those days are not gone forever, listen softly and you may hear brain gears turning for this 1968 Ford Mustang in Warwick, Rhode Island. The never-restored V8 pony needs attention from nose to tail, but it’s got “good bones,” and certainly deserves better than being put out to pasture. The $6900 asking price (reduced from $10,000) leaves room in your next egg for parts and some dreaming. Check out more pictures and details in a nicely-composed post here on Craigslist. Thanks to Mitchell G. for spotting this Ocean State classic.

Originally Meadowlark Yellow with black vinyl bench seat, the coupe acquired blue buckets and a rear seat to match at some point. Back up a minute; bench seat? That’s right folks; you could outfit yourself with a bench-seat Mustang, complete with a folding arm rest. Though not loaded, this coupe featured air conditioning, power front disc brakes, power steering, and tinted glass, according to the Marti Report kindly included by the seller. Replacement floor panels come with the sale.

While many enthusiasts prefer the fastback, these coupes look sharp. The conventional trunk is easy to open and the upright glass won’t bake your belongings in warm weather.

The 289 cid (4.7L) V8 “spins freely,” but has not been started by the seller. Few motors will be cheaper to repair, replace, or keep running. The C4 three-speed automatic transmission sends power to a highway-friendly 2.79:1 rear axle.

Structurally we’ve seen far worse, and we all know this car probably won’t be judged at a white-glove show. The car made it this long with almost zero attention, folks, so don’t be afraid to stab it liberally with a screw driver, patch the thin metal and holes, seal it up, and enjoy it for decades.

Check out those college stickers for Stephen A. Austin University and the Delta Delta Delta sorority. Imagine this ride jammed full of Austin Tri-Delts on their way to do good in the world. What adventures would you plan for this passed-over Pony?

Comments

  1. Calipag

    A buddy with a 67 Mustang years ago pointed out the ugly steering wheel in this year Mustang since then can’t help myself from focusing on that ugly thing when I see interior shots of this year.
    I don’t see $6900 for this. Just too many out there in better shape for that price.

    Like 7
    • Henry DavisMember

      If you don’t wanna take on a project like this, I saw an ad on AOL a couple of weeks ago that will sell you a new production 1968 Mustang for only $238,000!

      Like 3
  2. Bill B

    Not sure where you start on that thing, but bring your banker and a lot of cash. Maybe if it was a running Arizona car, but it isn’t!

    Like 2
  3. 8banger 8bangerMember

    It’s amusing to see the new dizzy cap and wires but the intake manifold isn’t bolted down…

    Like 8
  4. Bunky

    $6900 seems high, but I hope someone saves it. It would make a nice cruiser.
    Don, the $35 remark reflects more on you, than on the car. Lighten up. ✌🏻

    Like 8
  5. Jack Quantrill

    Few years ago, mother in law thought she could get $10,000 for her nice ‘68. Would end up accepting $3,000!

    Like 6
  6. J

    I’d think if I bought this car, like the seller did, that I would have checked out the motor before buying anything else, I’m being suspicious here after seeing the bolts for the intake manifold missing. I do like the color and the floors needing work don’t scare me.

    Like 2
    • CATHOUSE

      The seller clearly states in the ad that the intake is not installed.

      Like 1
  7. Walter

    Stephen F. Austin Lumberjacks as I recall. Nacogdoches is a cool little town in an otherwise kind of boring section of Texas. My in-laws lived in nearby Crockett and we visited every summer for decades.
    As for the car? Pass. My wife’s first car was a 66 pretty similar to this one and we’ve owned Mustangs for our near 40 year relationship. I’d like to get her one of this vintage and having to do some restoration work doesn’t scare me off but rust is a non-starter. A guy above stated that floor replacement doesn’t intimidate him. Good on him! It certainly intimidates me.

    Like 5
    • Big C

      Rusty floors are why God made Stop signs and license plates.

      Like 12
  8. RoadDog

    I could be wrong, but wasn’t ’67 the last year for the 289ci V8?

    Like 0
    • Warren Russell

      About half of the 68 Mustangs had 289’s, about half had 302’s.

      Like 3
      • Dale L

        I remember reading that mid-year the 289 engine was changed over to a 302 in 1968.

        Like 0
      • RoadDog

        Roger that. Thx for the clarification.

        Like 0
  9. Dan

    OMG, my ex still has her ’68 289 with bench seat, which she got in 1977. It’s in way better condition than this, and it’s not worth nearly that much! At least I don’t think so! Apparently, it’s time for her to finally sell!

    Like 0

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