Live Auctions

K-Code Project: 1965 Ford Mustang Fastback

With three days left in the auction, this 1965 Ford Mustang Fastback is listed for sale here on eBay. The reserve has not been met but the Mustang has 41 bids and currently has a high bid of $8,500. The Mustang is located in Hemlock, Michigan, and is said to be a true K Code Fastback. The seller states that the car is a project and not for the faint of heart. The car is a roller with no engine or transmission but a number of trim and interior pieces are included.

The high performance 289 cubic inch V8 engine and 4-speed transmission that the car left the factory with is gone. The Mustang still has its the Ford 9 inch rear end. The base 289 cubic inch V8 engine in the 1965 Mustang developed 200 horsepower and 282 lb-ft of torque. The optional A code 289 cubic inch V8 engine was equipped with a 4 barrel and produced 225 horsepower and 305 lb-ft of torque. The top rung of the ladder in performance was a K Code 289 cubic inch V8 engine that was beefed up with improved engine components and produced 271 horsepower and 312 lb-ft of torque.

At some point before the seller’s ownership started 5 years ago, someone started restoration but, in the opinion of the seller, the workmanship is poor. The parchment white interior is rough and most of the parts and trim have been removed but come with the car. The floorboards are shown in this picture and the seller discloses that the frame rails, quarter panels, rocker panels, doors, fenders, wheel housings, and radiator support all have patches, filler, or rust.

So this is kind of a blank canvas. I have always liked the Fastback or 2+2 Mustang from 1965-1966. My buddy in high school had one and Steve still has the car today. This Mustang is going to need some work but if you already have some of the needed parts and the skills, it might be a great project.


  1. Tracy

    This clearly appears to be a future GT350 clone to me for sure.

    Like 2
  2. Steve Clinton

    As of right now, the high bid is $10,000. Those rear fender caps are well worth it!

    Like 3
  3. Ruede Mcgriff

    Just needs a Dyancorn shell and everything else

    Like 8
  4. CCFisher

    The missing original drivetrain is unfortunate; K-codes are the only early Mustangs with a partial VIN on the engine block.

    Like 4
  5. Johnny

    I,ll pass. The junk I have is in alot-alot better shape. At $10,000 present bid makes me believe most bidders are the people who owns these rust buckets. Of all the work,running down parts and cost for parts and postage–isn,t worth it to me. Plus the work that would have to be re-done. Take $10,000. Hold onto and look around. You,ll find a driveable one in alot -alot better shape.

    Like 9
  6. Steve Clinton

    It’s amazing how much people are willing to pay for what is basically a parts car (and not a very good one!)

    Like 10
  7. Steve Clinton

    “This is not a project for the faint of heart.” No kidding, Sherlock! Someone had a change of heart. The bid has gone down to $9,000.00.

    Like 2
  8. Steve RM

    How can something like this possibly be worth anything let alone $9,000?
    I see a heavy dose of buyers regret in the near future.

    Like 8
    • Chuck

      Probably a suicide.

  9. John Brenneke

    Too much money; too little car.

    Like 7
  10. denny mather

    I have restored 200 mustangs and have the opinon that you asking for aK code and dont have the tranny a nd kcode motor therefore the shell Rusted is worth nothin g . thanks

    Like 3
  11. Bob

    The welds a lone are enough to walk away if not run away

  12. Tom

    One word comes to mind “WHY”?!!!

    Like 1
  13. Phlathead Phil

    ANY car, IMHO, that is MISSING its power train is not worth more than $3,000.00 REGARDLESS of WHAT it is!

    Pass, pass, pass!

    Don’t fall for it $10,000.00 is a LOT of muny!!!

    Like 2
  14. TimM

    I can’t wrap my head around a car that is called a k code with no engine or transmission!! After all isn’t that what makes it a k code!! So you pay whatever for the car put a crate motor in it with a tremec 5 speed and then you have a restomod!! Does it make your restomod more valuable because it was once a k code???? I doubt it!!

    Like 2
  15. stu

    This shell without the missing pieces is just a regular mustang…I agree with most people here, you can find something with more to the car for a better price….

  16. Bob Brown

    The prior comments are correct. The pricey part of the Mustang have already been pilfered and abuse and Mother Nature have done their part to make it a very poor investment and a lot of headaches.

    Like 2
  17. Jon

    Money talks. Particularly 1st Gen Fastbacks are becoming rarer & more valuable by the day …..& will continue to, regardless of what you guys think.

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