If this 1965 Ford Mustang proves anything, it is that the supply of promising classics hidden in sheds is unlikely to dry up in the near future. It spent thirty years in storage but hasn’t suffered unduly from the experience. The seller recently dragged it into the light of day, performed a revival, and is ready to point the Mustang toward a new home. I must say a big thank you to Barn Finder Mitchell G. for spotting this classic listed here on Craigslist. It is located in the Oxford region in North Carolina with an asking price of $12,500.

The 1965 model year marked the first for full production of Ford’s sensational pony car. The public didn’t warmly embrace this classic…they clamored to park one in the driveway where the neighbors could see it. With 559,451 vehicles rolling off the line that year, you can guarantee that there would have been plenty of wide smiles at Ford’s World Headquarters. The first owner ordered this car in Wimbledon White, but the paint looks pretty tired sixty years later. There is surface corrosion emerging in various spots, but what this Mustang lacks is genuine significant penetrating rust. The seller admits that the driver’s side floor pan requires replacement, and an in-person inspection might expose a few small, patchable spots. Beyond that, this gem is rock-solid. Stripping the vehicle to bare metal would be the best approach, although I suspect that the next owner might consider the nut-and-bolt process in their quest for a high-end result. Some trim pieces require restoration or replacement, but the glass looks clear and in good order.

The interior features an aftermarket stereo. Beyond that, it is unmolested. It isn’t highly optioned, although the factory console is a nice find. With the seatcovers sporting splits, the carpet faded, and deteriorating armrests, I see a retrim in this classic’s future as I gaze into my crystal ball. That is one of the characteristics that makes First Generation Mustangs such attractive project candidates. With so many owners wishing to give these cars a fresh start, sales volumes mean that kits are readily available and affordable. Therefore, returning this interior to a factory-fresh state won’t be expensive.

This Mustang’s engine bay may look tired and dirty, but it hides a welcome secret. The first owner craved respectable performance, equipping the car with the A-Code version of the sweet 289ci V8 that generates 225hp and 305 ft/lbs of torque. They teamed this with a three-speed automatic transmission and power steering, resulting in a car that would be effortless to drive in almost all circumstances. The seller revived this beauty after its extended slumber. The brakes received a comprehensive list of new parts, the carburetor was rebuilt, the fluids are fresh, the tires are new, and the motor benefits from a tune-up. The remaining tasks include replacing the fuel tank, sender, and a leaking transmission gasket. The 289 runs extremely well, exhibiting excellent oil pressure and no evidence of smoke or odd noises. Therefore, returning this Mustang to a mechanically roadworthy state might be a realistic short-term goal.

Although it isn’t perfect and has what appears to be minor rust issues, this 1965 Mustang shows promise as a project candidate. One of its attractions is that it is essentially unmolested, making it ideal for a faithful restoration. It isn’t the cheapest Mustang you will find in the classic market, but there are enough positive points to make it worthy of more than a passing glance. It will be fascinating to discover whether any of you see enough potential to consider pursuing it further.