Fully Loaded: 1967 Ford Mustang GT Fastback

The owner of this 1967 Mustang GT Fastback describes the vehicle as being fully loaded. It does come equipped with some nice options, so it will be interesting to see if you believe that it lives up to that claim. It will also need a fair amount of restoration work, but if it is as solid as he claims, then it could be a fairly straightforward proposition in that regard. It is located in Memphis, Tennessee, and has been listed for sale here on eBay. There must be more than a few people who see the potential in this pony because bidding has been very intense up to this point. After opening at $1,000, it has now skyrocketed to $23,100, and the reserve has been met.

The Wimbledon White GT would have been an attractive car when it was new, but time has taken a toll on it. If the owner’s description is accurate, then the most severe rust is confined to the front floors. If I was tackling this as a project, I wouldn’t hesitate to replace the floors entirely, because this would reduce the chances of it returning to spoil my fun at some point in the future. There are a couple of small spots appearing on both sides just forward of the rear wheel arches, but the lower rear quarter panels, rockers, lower front fenders, and the bottoms of the doors all look pretty good. There is some rust visible below the battery tray, but it is hard to see just how extensive it is. The majority of the external trim and chrome is present, but there is a fairly high percentage that will either require a full restoration, or possible replacement. One positive in this department is the fact that the wheels, beauty rings, and the caps all look to be close to perfect.

The Mustang is a numbers-matching car, and it features an A-Code 289ci V8 which is backed by a 3-speed automatic transmission. With a view to the owner’s “fully loaded” claim, I was expecting to also see power steering and/or power brakes, but the vehicle falls down on both counts. Looking at the photo, it would be fair to assume that the 289 doesn’t currently run. However, it isn’t clear when it last fired a shot in anger, or whether the engine even turns freely. At the very least, this is an engine that will require some pretty major detailing if it is to present well once again. The amount of corrosion that is present on numerous components under the hood would tend to suggest that a rebuild might possibly be on the cards. At the very least, I would be looking at pulling the heads to check the state of the bores and the valves and then working away from there. It would be nice to think that with a little work, the 289 will be pumping out a healthy 225hp once again.

The Deluxe Parchment interior of the Mustang would have felt quite luxurious when the vehicle was in its prime, but it is now in need of a fair amount of work to return it to its best. The lack of carpets allows us to get a clear look at how extensive the rust is in the floors, and how much work will be required to return them to a sound state. There are quite a few items missing inside the GT, including the original radio, along with all of the heater controls. The seats look tired and dirty, and while they might conceivably clean up okay, I tend to think that replacing the covers would be the only way to do this car justice. In fact, with the door trims and the majority of other trim components either missing or being damaged, I suspect that a trim kit is probably going to be the most viable way to return the interior to its former glory. The quality of these kits is generally very good now, and depending on the supplier, they can be found for anywhere between $1,700 and $2,100. As well as the Deluxe interior trim and the console, this Mustang rolled out of the factory fitted with air conditioning. It would seem that the vast majority of the components for this are now missing, so replacements will need to be located if the GT is to be returned to its original specifications. Your starting point here is going to be a compressor, and aftermarket items with the appearance of the original will cost around $310. There will be other components and brackets that will almost certainly be required, but it will be a case of crossing that bridge when you get to it.

So, what do you think? Would you describe this 1967 Mustang GT as being “fully loaded,” or is the owner being a touch optimistic on that front? What I will say is that it left the factory fitted with a nice combination of optional equipment, and these would have made it a pleasant environment on extended road trips. If the rust issues are as limited as the owner describes, then it is definitely a viable candidate for a restoration. I can honestly say that I’m not the only one who feels that way about this classic, because there are 16 people who have submitted all of those bids to this point. Obviously, they also see the potential in this car and would seem to be willing to put their money where their mouth is. Do we have any Barn Finds readers who would be willing to join the party?

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Comments

  1. Scott

    1967 Mustang GT with the little known see-through floor option!

    Like 12
  2. Kenneth Carney

    I like this car–but not 23K worth. It would be the perfect car for my young neice who is a Mustang fan. She goes ga-ga
    every time she sees one. Who needs a retro model when she could be driving
    the real thing!

    Like 4
  3. Cardawg

    Fully loaded with rust but nothing else

    Like 15
  4. Erich C

    This 67 is most likely just a well equipped fastback and not a GT. First give away is no power disk breaks which are standard on GT’s, second the rims are from a 68 GT. If I were considering buying this a Marti Report would be mandatory! This is a cool Stang well worth restoring.

    Like 1
  5. gerardfrederick

    In 1967 I was Finance Mgr. at Jackson-Goldie Ford on West 14th. Street in then beautiful Okland, Ca. I was given the option of a demo and ordered a Mustang Fastback with the sports package consisting of Michelin tires, a toughed up suspension and Koni shock absorbers, mostly stuff unknown then in the US. I loved the car, it was a gem. Sadly it was sold from underneath me to an ignorant couple who had no idea of what they had and kept on returing to the dealership accussing me of having had an accident, because it rode ¨rough¨, according to the morons..

    Like 24
  6. fran

    Going high and “loaded” would be a S code car…..

    Like 8
  7. Bud Hennessy

    Definitely not fully loaded. I have 2 67 Mustangs with way more options than that car. both have factory AC, PS, Power Brakes, Front discs, working factory radios, rally wheels, one has Deluxe Decor interior with overhead console, both A code 289 4 barrel motors.

    Like 12
  8. Winfield S Wilson

    Fred Flintstone would take off to the drive-in in that baby. I bet it was sharp looking when new, though.

    Like 6
  9. Arthell64 Member

    I see decent 67 mustang projects are still bringing good money. Not much else Ford produced brings this kind of cash.
    Hopefully no ones turns it into eleanor clone. Never did care for the Nicolas Cage eleanor. Seems overdone and bad taste to me. In my mind Eleanor will always be a 1973 yellow Mach 1.

    Like 16
    • JCA

      How about a Ford/Shelby Cobra 427 project. That would be about $500k?

      Like 3
  10. stillrunners stillrunners Member

    Isn’t a GT suppose to have GT or GTA fender emblems ? Would say it’s missing a lot……..

    Like 5
    • Patrick Farmer

      You might be right on that. It does have GT hub caps/ center caps. I am not sure, but I do know if it was a 390 GT or GTA (GT Automatic)it would have a ribbed panel across the tail lights that might have been painted flat black and a GT or a GTA emblem on the sides. I could be wrong here. I know Ford was in the habit of placing brake vents one year and removing them on the next year. For an example this car has a dual inlet scoops and a 1968 had a single smaller side scoop. The same with the 1969 Mustang having a prominent brake scoop atop the rear quarter panels, except for the BOSS302, then none in the same location on the 1970 model.

      Like 3
  11. TimM

    The fact of the matter is that people don’t really know what they have!! They do however know money but for that kind of money I would expect at least a car that runs!! Maybe needing brakes or something like that!! There are no “loaded” options on this car!! The only thing I see are the gauges on the dash are a box they checked when they bought the car!!

    Like 4
  12. JCA

    Nice car and project. I’d be happy to own it. Do you really need to pull the heads off due to some rusted fasteners? Seems like overkill. Just pre lube the cylinders and go. Rebuild it when it needs it all at once.

    Like 4
  13. John S Dressler

    Someone should probably orient the seller to the definition of the term “loaded” at least in classic car parlance. That car has several hundred dollars of body work (assuming you are prepared to do it yourself) and at least $10,000 for a decent paint job and we haven’t even gotten under the hood or inside the car yet. This car is a perfect example of beauty being in the eye of the beholder. I’ve restored multiple classic cars and there’s no way I’d go into a restoration on a car that would be more than twice what it’s worth when I was finished. It is way overpriced for what you’ll have in it by the time you’re finished.

  14. jimmy the orphan

    23 grand for this rust bucket ? Brave is the man who sends this body to be blasted and receives Swiss cheese for his $ and trouble. For this is nothing but trouble ! First bid was the right bid. Run !……………………Later JIMMY

    Like 7
  15. Patrick Farmer

    The prices went through the roof on these cars solely because of that idiot that had a real birds nest on the ground, Unique Performance in Farmers Branch, Texas. They were taking $100,000 as up front payments from people who wanted, not just a copy of a movie car, but a bonafide 1967 GT500E(E = Elenore) Shelby continuation car. The owner kept people waiting for over a year to get their cars. I can assure you that people who have enough money to plop down that much cash to build them a car are not going to want to wait that long or to watch what they think is their car languish for any length of time. They begin to feel disrespected and to have been taken by the shop owner. This is after they have bragged to everybody that they have special ordered the car and that they have an inside track with the owner and that Shelby himself will inspect and sign the car. Guy’s with this kind of cash always have contacts, powerful contacts So one or more contacted the FBI. The owners of the shop could have put a hold on new orders and started a waiting list, but NOOOOOO they had to be greedy and stupid. They let it get out of hand while they went on big vacations, shopping sprees and played around until it the operation became a self eating watermelon that was bound to attract the of the feds. These guys had the impossible happening in their hands, creating new GT500’s out of old fastback Mustangs and they threw it all away. A chance like this will never come again for anyone. Chip Foose even had a deal with them.

    Like 8
    • Steve R

      Unique Performance ran into trouble and blew up in 2007/2008. If they were solely responsible for the rise in prices of the 67/68 Mustang fastback the prices would have fallen years ago.

      Steve R

      Like 5
      • Patrick Farmer

        Upon retrospect I concede that you are correct. I was wrong. I agree that it wasn’t just them. I haven’t thought it through. I was caught up on what a gift they were given and they let it go to their heads and then down the drain. It is hard for me to wrap my head around what Unique Performance really had going for them and then to poop all over it.

        The 1967-68 Mustang design is a timeless one. The first year of a big block. It was a high water mark of what a Mustang can be. It is the beauty and the beast. I think Ford should have kept building them for five years instead two. Carroll Shelby built it to new heights of beauty and performance. Both years were unique. Steve McQueen showed the world how fun it was. He made it a modern living legend. This a what have kept the prices high. Lightning in a bottle.

        Like 2
    • grant

      Ya I don’t think a business that failed over a decade ago has much to do with market prices today. I’m sure that sounded insightful 10 years ago though.

      Like 4
  16. Timothy Phaff

    Nice set of rims and tires plus, well it ends there. $2500.00 max and I do not need to be notified of any new comments.

    Like 5
  17. B52rule

    I’m thinking maybe a not a GT. I don’t see the red GT badging on the front fenders, the GT gas cap and the wheels, beauty rings and caps appear to be off a 68. It has the standard hood vs the deluxe hood with the turn signals and vents.

    Like 1
  18. Howard A Member

    More than the car is loaded with bids like this. I think, with a few exceptions, our group pretty much agrees, these prices for rust buckets is clearly out of kilter, but for a small group, the bidders, they are going for it. I know this is no place for philosophy, well maybe a little, but how, in this day, when people are about to lose their homes, can someone justify spending this kind of money on this? Okay, if it was something you could drive home, that could be justified, vintage Mustangs are cool but like I said on another post, I’m looking at houses for HALF this price. There simply can’t be that big a gap in this country and we survive. Spending 5 figures on rusty beaters while foreclosures are at a record high, terrible.

    Like 5
    • Steve R

      It’s up to each individual to decide what they choose spend on a car without the peanut gallery chiming in and editorializing about their world view.

      Steve R

      Like 4
      • Howard A Member

        Well,,,,Steve,,,, I’m hardly the “peanut gallery” and that could be considered a direct insult to me and people here that think like me. Someone has to stand up to this foolishness, and I’ll maintain that to the bitter end. No matter what is said, we can guarantee you’ll have some witty comment, that has nothing to do with the featured car. Don’t forget, those of us that pay to be here, don’t like to be referred to as the “peanut gallery”. You don’t see members ripping on other members comments.

        Like 7
    • Arthell64 Member

      I don’t know about your area but in my area there were a record number of houses sold last month. I keep hearing there is a shortage of houses to purchase. I thought there was a hold on foreclosures due to the virus?

      Like 1
  19. James

    Far from being a “loaded” Mustang, and given the lack of G.T. equipment highly doubtful it’s a G.T. It would appear that the seller has installed a new set of tires and 1968 G.T. wheels to falsely catch the interest of potential buyers unfamiliar with Mustangs and their many levels of trim and options. This car is nothing other then a 3 dressed up as a 9, that seems to be sadly fooling bidders into paying huge money for a car needing a full on, intensive and highly expensive restoration. Given that the floor pan has rusted through I wouldn’t be the least bit surprised that it also needs frame rails, torque boxes, rockers,inner quarters,etc., etc..The V.I.N. (if included in the ad) would quickly identify/confirm if this was a real G.T. as well a list of options that were included in this car from the factory as built. Paying upwards of $23k for a non running, rust bucket in need of a very costly restoration proves that some people have far more money then brains. I suspect that the new owner will be having a very large dose of buyers remorse upon receiving this Mustang.

    Like 1
  20. Steve Bush Member

    Yes, Steve R, people spend their money on cars or whatever as they wish. Then again, Howard makes good points about several things. I agree that the car hobby had been somewhat highjacked by flippers/dealers who have profited by ripping off both original owners and ultimate buyers. This has made it very difficult for people of average means to afford the relatively inexpensive cars they grew up with. It would be nice to find a way to help both parties while largely eliminating the middle men. Also, we need to remember that there are lots of cars out there that are just as good or perhaps better than the more popular models, often for way less money.

    Like 1
    • Steve R

      I learned when I was looking for my first car, back in the early-80’s that I couldn’t afford most of the cars I wanted. Instead of giving up, I searched for cars in my price range. If I wanted a Z28 I bought an SS Camaro, instead of a Hemi I bought a 383 Road Runner. Later I realized I could have bought many of the cars I really wanted if I had been smarter about how I searched for cars.

      You are right about flippers, to a point. However, the thing people often don’t acknowledge is they are finding the cars somewhere. These cars don’t appear out of thin air, someone has put in the time and effort into finding them.

      Steve R

      Like 2
  21. OhioLou

    Relisted. High bid placed, then cancelled day the auction is to end.
    Bid:20 Jun 2020 at 4:29:21PM PDT
    Cancelled:23 Jun 2020 at 6:44:15AM PDT
    2***k(83feedback score: 83)
    Cancelled:$25,000.00

    Ebay=Echeat

    Like 1
  22. Mike S

    Way back in 1967 I had a 1967 fastback GT with the 390 & 4 speed, highlander green with black interior and the S code VIN. The car listed is a 289, automatic with air conditioning. It can be restored to again be a beautiful car and it may be labeled a GT but it is more a sheep in wolves clothing.

    Like 1
  23. Howard A Member

    I’m not going to say, but no, they are regular homes in a beautiful area few people know ( or care) exists.

  24. Jon

    Not bad. Needs a lot. Money wise …. I think it’s a $16k car ..

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