When we do a Mustang write up here at Barn Finds, the word rust comes up every single time. Floor pans, torque boxes, quarter panels, fenders, and on and on. You name the parts, and they likely rust on a Mustang. I suspect that even the tires can rust on a Mustang. However, the styling and performance of Mustangs so overshadows the problems, that rust is often considered an issue to be dealt with, not a deal killer. Many Mustangs have been offered for sale lately, some in pretty rusty condition, but prices for all but fastbacks seem to be going down. That’s a shame, because examples that exhibit a manageable amount of rust are always nice to have, and can be fixed without too much fuss. This garage kept 1966 Ford Mustang coupe, advertised on Craigslist in Williamson County, Tennessee, has been attacked by the tin worm in a few places. However, it is a really nice car that is just a handful of repairs away from being a great car. Does the rust and the needed engine rebuild make this one too expensive at $5950, or is there hope yet for this blue beauty?
This one is kind of a de ja vu all over again moment for me. A few years ago, a Mustang almost exactly like this one appeared in the driveway of a house that I passed regularly in my travels. Being a car nut, I got excited and stopped to take a look. The car was for sale, and it had been sitting in that garage for over a decade. I had never seen the car before, and it was only outside because the owner of the house had died and the estate had to be settled. It looked great from about twenty feet away, but the closer I got the more I determined that I needed glasses. The whole car, despite being cocooned away for so long, was covered in bubbles of rust. Most were still held back by the paint, but the whole car would obviously need a costly restoration. Dejected, I just walked away without investigating further.
The car we are looking at here has also been cocooned away for over ten years without even being started. The seller believes that most of the car is original, including the engine, and that it was treated to a re-paint years ago. The car was not equipped with air conditioning, but it is a three speed car with a V-8. Besides the obvious spots of rust you see on the fenders, the seller also claims that the floor pans and frame are not rusted. They have what the seller calls “freckling.”
The biggest disappointment, other than the surface rust, is the engine. It seems the reason the car was parked so many years ago was that the “bearings rattled” on the last drive. After that, the car was parked with what I am sure was an intent to fix it later. We must be still waiting on later. It would be interesting to find out if a bearing failure was the damage the seller heard, or if it was some other malady. Perhaps our very knowledgeable Ford fans who follow the site can give us some ideas of what the noise might have been. No matter what, this 289 will likely require some wrenching time to get it back on the road.
While the price might be a bit high for a Mustang with a questionable engine and some ugly surface rust, the car seems to be extremely well kept otherwise. If the rust we see is all that the car has, then this may be a bargain for someone who knows how to do some paint and body work. The profile of the car we see in the picture above explains why these cars are still popular years later. Everything about the Mustang was right when it debuted in the mid sixties, and they still look great today. Hopefully, this one will find a new owner who can fix the problems and have it back on the road soon. A car that looks this good will make you put up with rust.
It looks like a better value than the swamp one below. The repaint over rust would worry me a bit. I’m not sure what a bearing rattle would be, perhaps a water pump or even detonation? These had one the best hubcaps design of any car ever made. It will sell.
It might be bearings rattling….
If a 289 is even a half quart low on oil the valve train with sound like an old Singer sewing machine, maybe that is what parked the old Stang?
It doesn’t look too bad from what photos are listed but when you have the date setting on your camera on take updated photos before posting your car for sale as it looks lazy or deceiving. If that is the original 289 and has never been apart I would be surprised if the bearings were bad unless the owner was lazy about oil changes. Our 351C is original to our 70 and has over 100K and hasn’t been rebuilt and doesn’t smoke / leak / use oil but all three owners were maintenance freaks including me. I would offer 3K while back in the day in this condition it would be a $200 car.
Love the 3-speed stick … Hate that it needs so much work. Price needs to be cut at least in half so I respectfully agree with JW $3k tops at the most.
My Dad finished a very similar ‘64 1/2, v8 coupe last year. Nothing special but it was sitting around waiting it’s turn since the mid-80’s. Anyways, as a data point, the insurance appraisal was a little over $20k.
I agree the price on base Mustangs has gone down and they seem to sit on the market awhile too. This certainly wouldn’t be an investment car but at least that means it can be driven without worry.
…noticed these pictures are a year and half old…wonder what it looks like now? My favorite year Mustang, and my favorite color…
When was the last year engine paint was gold on a 289? Thought it was’66?
Old timers setting in.
’65 was the last year for black eng. with gold valve covers and air cleaner. ’66 started the blue eng. BTW this car shows to have factory disc brakes.
The brake master cyl is for disc brakes.
By the time I looked under a hood of a ford the block was brown. I never saw the engine color, so I never knew that what with paying $25 dollars for my first ride. An 8yo1964 Rustom 500 ;-). Minnesota was a terrible place to buy a used car.
Why, exactly, would “more affordable” be “a shame”? I thought the idea was to enjoy the cars, not caress the apprasial sheet.
What does 289 engine, 200cid mean? One is a V8, the other is an inline 6…
This car has been on Craigslist for several weeks here in Nashville.
The valves at the front of each cylinder head tend to make noise if the car sits a lot or the oil pump is a bit weak. the lifters don’t pump up too well and the rockers starve for oil.
Dave, early 289 Mustangs were painted black on the block and heads and gold on the valve covers and air cleaners. In 66 they went all blue. Seeing that the ad mentions 200 cid, I would suspect this car was originally a 6 cyl 3 speed car converted to 289 and the VIN would confirm it.