Hiding in the back of this workshop is a classic that could be an excellent restoration candidate. Looking beyond the aftermarket wheels, this 1967 Mustang Fastback is a largely unmolested vehicle featuring its original engine and transmission. Returning it to its former glory will take time and effort, but the finished product will be numbers-matching. That maximizes the long-term investment potential of a fun-to-drive car. The Fastback is listed here on Craigslist in Fargo, North Dakota. It could be yours for $20,000, and I must say a big thank you to Barn Finder Gunter K for referring this classic to us.

It is fair to say that Ford had an unexpected hit on its hands with the First Generation Mustang. It found itself in an enviable position where it could barely build cars fast enough to meet buyer demand. Sales dropped in 1967 by 23% compared to the previous record year, but with 472,121 examples driving off the lot, it was hardly a disaster for what many considered a niche vehicle. The history of this ’67 Mustang 2+2 Fastback is unclear, although the photos suggest it has occupied its current spot for a few years. The Dark Moss Green paint is well past its best, and surface corrosion is emerging in various locations. The new owner will undoubtedly strip the exterior to bare metal as part of their build, but the lack of clear images makes the presence of penetrating rust pure speculation. The lower extremities exhibit several small holes, and the presence of corrosion in the engine bay suggests the buyer should brace for plenty of cutting and welding. However, the availability of replacement steel means the car shouldn’t be a lost cause. It is missing a few trim pieces, but the glass may be okay.

Those considering the long-term investment potential of this Mustang will undoubtedly welcome the news that it is numbers-matching. The first owner’s decision to equip it with the A-Code 289ci V8, a four-speed manual transmission, and power assistance for the steering and brakes would have made it an entertaining performer in its prime. It was no muscle car, but the ability to cover the ¼-mile in 15.5 seconds meant it was no pushover. The heavy corrosion on this V8 suggests it hasn’t fired a shot in anger for a long time. The seller doesn’t confirm that the engine turns freely, but it could be good news if it does. These Ford V8s are robust units that are often revived relatively easily. If it does turn, a fluid flush and fuel system clean may be all that is required for it to cough into life again.

The seller only supplies one interior shot, which doesn’t tell us much about its condition. However, it does reveal that the buyer will compile a shopping list that includes a carpet set and door trims. The Black vinyl on the front seats may present well following a deep clean, and this car features a Sport Deck rear seat. The visible plastic is in good order and hasn’t been cut to accommodate aftermarket speakers. Otherwise, your guess is as good as mine!

I always recommend an in-person inspection before an enthusiast hands over the cash for a classic buy, especially for any vehicle prone to rust problems. This 1967 Mustang Fastback has no glaring issues, but there are clues that it might hold some hidden surprises. However, it is complete and numbers-matching, which some may find irresistible. The Fastback has only been on the market for a few days, and I suspect someone will snap it up reasonably quickly. Are you tempted to pursue it further?