Original S-Code: 1967 Ford Mustang GT Fastback

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This 1967 Mustang GT Fastback underwent some restoration work in the 1980s. A mechanical malady saw it parked in a barn a decade ago, but it is now back out into the light of day. The buyer will have some work to do, but they will be starting from a solid foundation. If you feel like tackling a classic Mustang with a big-block under the hood, you will find this one listed for sale here on eBay. It is located in Holden, Missouri, and has a BIN of $43,900. There is also the option to make an offer.

The work that was performed on the Mustang in the 1980s would not be classed as a faithful restoration. The car rolled off the production line in September of 1966 wearing Brittany Blue paint. The Wimbledon White was applied in the ’80s, and the Magnum 500 wheels were fitted. The paint is lifting in a few spots, most notably around the insides of the door frames. It will probably require a repaint at some point, so the buyer will need to make a choice about color at that point. External rust is essentially nil. All of the spots that you would typically expect to be having issues look to be clean. The story isn’t quite as good below decks, but it still isn’t that bad. The rear frame rail on the passenger side has a small hole just forward of the rear wheel. The owner believes that this could be repaired because it is surrounded by solid steel. There are also some minor holes in the floors, but there is a chance that these could be addressed with patches rather than full floor replacements. The trim, chrome, and glass all appear to be in good to excellent condition, and I can’t see anything that would require urgent replacement.

The Mustang would have been a potent vehicle when it was new. This is a genuine S-Code car, which means that it features a 390ci V8 under the hood. The V8 is backed by a 4-speed manual transmission and a limited-slip rear end. When it was in good health, the 390 would have been punching out 320hp. This would have been enough for the GT to cover the ¼ mile in 14 seconds. Unfortunately, that 390 is not the source of good news. It is the reason why the car was taken out of service a decade ago. It has developed a knock, and that is still present today. The seller says that the Mustang runs and drives, but the engine will require a rebuild. That’s a blow, but I guess that it could be worse. At least nothing has made a bid for freedom through the side of the engine block.

At the same time that the exterior received a color change, the interior underwent wholesale changes. It rolled off the line with standard blue trim, but it appears that someone was partial to red. The console is looking tired, and the radio is missing, but that’s about all that can be faulted inside the car. This is where the buyer is going to face a decision. If the exterior is returned to its original color, this interior is going to look pretty odd. That will mean sourcing a trim kit in the correct shade or leaving the exterior Wimbledon White. If the interior is left as-is, then a new radio and console will need to be found. Replacement consoles are available, but they aren’t cheap. You need to budget $1,100 for that item alone. It might be worth seeing if someone could restore the existing one because it could potentially be cheaper. Apart from that, the rest of the trim, the dash, and the carpet, are all in excellent order.

This ’67 Mustang GT will require an engine rebuild, but once this is done, it appears that it will be a roadworthy classic. It could be driven and enjoyed, and I wouldn’t blame the buyer if they chose to do that. Its rust issues appear to be relatively minor and could be addressed as time and circumstances allow. The big question will revolve around the vehicle’s originality. There is no doubt that the current color and trim combination is striking, but there will be purists who believe that it should be returned to its original state. There are strong arguments for following this path, but equally strong ones for performing a simple cosmetic refresh. Which way would you go with it?

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  1. Steve BushMember

    Looks to be a nice car but a little pricey for one with the engine needing to be rebuilt.

    Like 6
  2. stillrunners

    Wrong air cleaner but they are hard to find……

    Like 2
  3. 86_Vette_Convertible

    What’s going on with the pan under the rear bumper?

    Like 5
    • Skorzeny

      That’s what you get for $43,900 these days… And a motor with a knock.

      Like 15
  4. Bruce Jackson

    It is not just an engine rebuild, it has rust repair needs, the non-original paint is peeling—which may require a complete re-do down to bare metal, if you try to toe it back to original, then you have to change the interior back as well…what other surprises are there? A tranny rebuild? What does the suspension look like?
    Don’t get me wrong, these 390 Mustangs are in growing demand, and as someone whose brother had a 68 Mustang GT with the same drive train (included a posi rear end), it will turn a 14 flat ET in the quarter. But with an asking price of about $44K, you are in this for over $60K—maybe pushing $70K—I think I could buy a completely restored one with no issues for under $60K…For $30K, maybe a little over, this becomes plausible. Otherwise—I would take a pass…just another person trying to get top dollar in a hot market with a not-so-hot specimen…

    Like 19
  5. JoeNYWF64

    Odd it looks like the shifter can only move back & forth.

    Like 1
    • Timothy Phaff

      Good catch, nonfactory console car, and that console look like it’s for an automatic.

      Like 2
  6. G

    JoeNYWF64 you might be right. I had a ’67 with the same console. I had to take the auto plate completely out when I transplanted a toploader. You might get by with the crappy ford shifter but not a Hurst.

    Like 1
  7. Thomas

    It looks like decent car but over priced more like 25k

    Like 4
  8. WFH

    $43,900! YIKES! With the enormous amount of restoration, money and time this Pony needs, $15K would be all the money in this ride and that is with the buyer being benevolent!

    Like 3

    The console is for a 1968 with an automatic transmission and factory A/C. If the console is properly screwed down to the floor there is no way you will be able to shift into all the gears. Most likely all you will have is 1st and 2nd gear.

    It looks like a lot of the weatherstripping is totally missing. No door weatherstrips, no door bumpers, no hood bumpers, no roofrail weatherstrips. The chrome roofrail retainers are even missing. No cowl seal, no windshield washer nozzles. Who knows what else is missing or what other shortcuts were taken.

    Like 4
  10. HCMember

    Way overpriced for a Fastback that needs a complete engine rebuild. That and down to metal sanding, body and a repaint

    Like 3
  11. Paul McGuirk

    Why are the prices so inflated in general and especially here? The engine damage is an unknown.

    Like 1

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