Yes, you read that correctly! This 1987 Mustang 5.0 Convertible has only gone 820 miles since new. When the owner’s father bought it brand new in 1988, he decided that if he kept it for 20 years and only drove it once in a while, it would one day be worth twice what they paid for it. When he passed away, he left it to his daughter and she has continued to care for the car. Unfortunately, she’s going through some serious medical issues and needs to sell it. You can find it in Lubbock, Texas and you can have a closer look at Don’s ad via the link below!
Asking Price: $35,000
Location: Lubbock, Texas
Mileage: 820
Title Status: Clean
VIN: 1FABP45E1HF130495
Seller’s Description: Low mileage, adult owned survivor being sold to help pay for owner’s cancer treatments.
Body Condition: Perfect, unmolested original, flawless paint, interior. No rust West Texas car.
Mechanical Condition: Perfect, no issues. 5.0 GT
Fox body Mustang prices have been on the rise, but they still haven’t broken the $30k mark. Of course, there aren’t too many 5.0 GT Convertibles out there in this nice of condition and with such low mileage. We’ve seen less desirable super low mileage cars fetch serious premiums, so it could just be worth it, especially to someone that wants a perfect condition Mustang. And, who knows what it could be worth in another few years!
If you have an ultra low survivor that needs to go, please consider listing it here on Barn Finds!
List your classified here on Barn Finds!
The sad thing would be, owning a nice car that you literally don’t want to drive. Cars should be driven!
I am guess that the original buyer had ample funds and prob owned other fun cars that he did drive. No one of modest means (unless they are of modest intelligence) buys a new sports car as an investment. Of course, if the narrative is to be believed and the daughter needs to pay for cancer treatments, so maybe they were not wealthy after all, or maybe the kids squandered the inheritance, or who knows? The real interesting thing here is why in the richest country in the world are citizens allowed to impoverish themselves to pay for health care? Maybe some insurance executive who denied her claim for care can use his bonus check for doing so to buy this car and add to his ample collection.
At different times I’ve had to do some things I didn’t want to in order to pay my share of a medical bill (i.e. deductible) for myself or my wife… still wouldn’t want the federal government in calling the shots on my healthcare. As a vet I’m glad the VA is there as a backup but really not anxious to rely on it fully.
So the daughter thinks it is worth three times what it was new?
Asking price at least 15000 to high. On car guru..a 87 mustang gt convertible one owner under 23000 miles in Dallas Ga. 9500.00
The really sad thing is that people need to sell parts of their life off to pay medical bills.
At least it’s a 5 speed!
I’d rather play the stock market than bet on a common,mass produced car as an investment. The only cars that seem to make money in the long run are the ones average schmucks can’t afford to buy in the first place.
I have never understood the Buy and never drive mentality… the guy passed and he didn’t even have a chance to really enjoy it and now the daughter has to sell due to medical issues…it just doesn’t make sense to me…
It’s a shame that the combined use of the car between the father and daughter will be exceeded by the next owner.
Where’s the headrests?
I had just got my license in 89. My father said lets go test drive some cars. It was February, cold, about -20c. My dad spotted 2 88 converts, last years stock. One just like this one, and one navy, black top, grey ground effects and blue stripe. Both 5 speed and 5.0l. Dad and salesman talk, new inventory on the way, gotta go, 17k + taxes either one. Dad says pull the blue one up, let’s go for a ride. These cars were in the back of the lot with the wheels frozen up to the hubs in ice. Salesman started it grabbed a plate and a gas voucher. He hopped in dropped the e brake, and was going easy on it and my dad says, don’t damage it, we’ll come back when it warms up. Salesman wasn’t about to lose a sale. Turned fronts till the ice broke away. Then vroom, vroom, clutch drop. Popped out of the ice no problem. We got out to the highway after a few jerky starts, salesman says pull over. I haven’t road tested these yet. As he took off winding the car out to hammer in the next gear, I knew the need for the speed was always going to be with me in my life. He was yammering about the great warranty these had. But all I heard was the rumble, a very zen moment. We got back to the dealership. My dad says 17500 taxes in, and I’ll sign right now. Dealer was at 19380 with taxes. Bickering for an hour, my dad said we had a family function to go to and if you want do it for 18k all in, give me a call. When we got home there was a message on the answering machine. 19k all in and it’s yours. My dad didn’t call back. Three weeks later the phone rang, the salesman was ready at 18k all in. Dad let him sweat for about a week. We went down, to get it at which time the salesman produces the paperwork. Freight, PDI, undercoating. Back at 20k…. Dad reached in his jacket pulled out the nicely bank wrapped bundles. All hundreds, 18 bundles of ten – one hundred dollar bills. Laid them across the desk. I had never seen that kind of money before and I’m guessing the salesman hadn’t either. My dad reiterated 18k was the deal. Salesman assumed dad was going to finance at 0% through them. Salesman quietly excused himself. Dad starts snickering and looks at me and says wait for it, the General manager going to come out. The other salesman were taking laps by the office window gawking. Finally the GM and the salesman came back. Dad winked at me. I understand you want that convert for 18k cash? Yes. I know my salesman led you to believe… Dad starts restacking the brownies ( what he called 100’s ). Let’s go son, it seems cash is no good here. Sir this misunderstanding is all explainable. Dad said deal was struck at 18k all in. Tense moments stare down. They excuse themselves, GM asks us to please wait. My secretary will bring some coffees. Guess the walls were pretty thin. Who the f#$k do think you are making a deal like that without approval. Moment of quiet. More yelling. Finished our coffee. And they came back. I would like to say I’m sorry for the delay my son and myself put you through. The car is yours for 18k. About 2 years later the old man died, and junior hadn’t mastered the finer points of management. But did know alot about booger sugar. Within 5 years it closed it’s doors. And the car was stolen off campus one night about the 4 year I had it, found it gutted and burnt on a reserve 4 hrs north.
Great story @nrg8, it reminded me of my late father. I learned the fine art of automotive negotiation from him… negotiate down, not up and know when to walk away.
Unfortunately that red Mustang interior isn’t on the most wanted list. I think maybe the right person would pay 15-20k , but probably no more. Sad for her, my sympathetic thoughts for her distress.
I went to buy a new GT in 1989, but at 20 yrs old I had no credit. Ford was giving me the run around trying to get me a financer. I saw the new Shelby Daytona’s arriving across the street. Went and test drove the Dodge and bought it next day against my dad’s advice. Ford called the next day and said “We got you set on that Mustang boy”! I said sorry bought a Dodge. The Dodge turned out to never be a collector car and I regretted that impulse buy. Later when I was 40 I bought an 89 GT and quite enjoyed it.
Man this is one plain GT convert, no tilt no cruise, no power windows/locks and no leather! I didn’t even look to see if it had a/c. Looking at the drivers and passenger seat bottoms they also look greasy, sad situation but no where near 35k to me.