While it has very obviously had some pretty major rust issues during its life, a substantial percentage of the rust in this 1970 Mustang Mach 1 has now been addressed. There is still some work to do, but the next owner has at least been given a start on the restoration. The owner also floats the idea of using it as a donor car, but with so much work completed and a clean title in hand, I personally think that dismantling the vehicle would be a real shame. So maybe you should take a look and see what you think. The Mach 1 is located in Spring Run, Pennsylvania, and has been listed for sale here on eBay. There have only been two bids made on the Mustang up to this point, and that has seen it reach $3,550. With the reserve now met and 158 people currently watching the listing, I wouldn’t be surprised if the bidding took off in the near future.

The owner has been pretty busy on the Yellow Mach 1, and plenty of new steel has been welded into place. This includes new rear frame rails, new inner and outer rear wheel wells, new left and right trunk floors, a new fuel tank cross-member, new rear quarter panels, a new tail-light panel, and a new front fender. All have been properly installed, but there is some final welding required to complete the installation. The rusty floors have also been cut out, and while there is a full set of new floors included with the car and currently sitting in place, these will need to be welded. There is still some work required, because the torque boxes will need replacing, and the front right shock tower will require replacement due to it being hit with the double whammy of cracking and rust. There is also a good trunk lid included, but I don’t see a hood or any of the external trim or chrome. The only glass included is the windshield, and that is just sitting in place. So, a full set of tinted glass will need to be sourced if the car is to be restored to the specifications that are outlined in the included Marti Report.

The Mustang rolled off the line equipped with a 351-2V engine, an automatic transmission, and power steering. The original engine has long since disappeared, but a date-correct identical engine and transmission have been included in the sale. The power steering system is still present, while the Mach 1 also has a 9″ rear end. The owner states that the 351 was in good order when parked, but doesn’t indicate how long ago this was and whether he has attempted to see if it will turn freely. With 250hp available to the driver, this combination could provide respectable performance. Of course, if the next owner wasn’t particularly obsessed with complete originality, then the engine could certainly be treated to a few potential upgrades. Without too much stress, it would be possible to extract enough performance to make sub-15-second ¼ mile times easily accessible. I guess that would boost performance from merely respectable up to very respectable.

It is probably no real surprise to learn that the interior of the Mustang is going to require a full restoration. There are plenty of interior components such as seats, door trims, and the dash that are included with the car. The sticking point is that the seats and trim are upholstered in Ivy, whereas the original seats wore Black Knit Vinyl. Still, with so much work required inside the car and so many pieces missing, I suspect that the next owner will either attempt to source a correct interior, or they will invest in a trim kit. The Mach 1 was also originally equipped with air conditioning, but it would seem that there are quite a few components missing. Whether these are replaced or whether the car is restored sans A/C will be a matter of personal preference.

My personal feeling is that with so much work completed to this point, it really would be a shame to dismantle this Mustang for parts. I readily admit that there is still some work required to return the car to a roadworthy state, but it could potentially be well worth the effort. I’m also surprised that the bidding has been so sluggish up to this point. If it stays somewhere within its current price range, then someone could wind up landing themselves a Mustang project car at a very reasonable price. Could that someone be you?