Restorable Field Find: 1966 Ford Mustang

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In 1966, the Ford Mustang was the hottest thing going since sliced bread. After debuting in mid-1964, the new pony car sold nearly 1.3 million copies in 2.5 years (that’s crazy, man!). I owned a ’66 Mustang with a six-cylinder much like this one which is described as a barn find, though field find may be more accurate. It looks fairly solid and probably needs mechanical attention, but it does have new tires. Located in Fayette County, Georgia, this “pony” is available here on craigslist for $15,000. Hats off to T.J. for another great find!

This Mustang has two things that mine did not have. It has a “pony interior” which may only need a good cleaning. It looks as though the front seats have already been done and look great, so there’s hope for the rest. But the carpeting will probably have to go. It also has what appears to be factory air conditioning, which they hung under the dash in those days like an aftermarket unit. This ‘Stang has the 200 cubic inch inline-6 with an automatic which – based on personal experience – was good for 18-20 mpg around town and 25 on the road.

The paint looks to be Arcadian Blue and the seller has photos of the car before and after it was washed. Rust doesn’t seem to be a big issue, so you could leave the patina alone unless you’re seeking perfection. The seller must have started to restore the Ford and then decided to move on to other things. The original wheels (4-lug pattern, typical of the I-6 cars) have been sandblasted and painted black with new donuts added.

If you’ve been looking for a nice 1st generation Mustang that’s not a wreck, this car might be the one. As long as you don’t require it to have a V8 under the hood. There is no title, which I think was indicative of Georgia cars back in the day, so a Bill of Sale will have to suffice. Seeing those wire wheel covers is a treat for me as my Mustang had them too – until they got stolen one night.

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Comments

  1. JCAMember

    Seems more like an $8k- $10k car in this condition.

    Like 11
    • Timothy Vose

      Did it say in the article anywhere, that it runs?

      Like 2
  2. Steve R

    This seller and the one with the 69 Dart listed earlier today seem like they were sharing notes. The 65-66’s coupes don’t bring what they used to, the 6cyl doesn’t help either. It’s hard to see a buyer stepping forward anytime soon.

    Steve R

    Like 10
    • Not Again

      Value is still their with this stang! Looks like all original car, with very little rust! Only draw back maybe doing the dance with gaining a title, but not a huge issue. Great buy and investment!

      Like 0
  3. Camaro Joe

    My opinion is JCA and Steve are correct about the value. If it was confirmed (relatively) rust free it may be worth $8 to $10K. It’s maybe worth the asking price if it’s running, driving and solid underneath. The seller doesn’t say anything about that, so Steve’s comment about “mechanical work needed” may be a LOT of motor, transmission, brake work, etc. Anything you can’t verify needs to be checked, or assumed to be need work.

    Also, the crud that was sitting on it in some of the pictures tells me that it spent years not sitting in a garage. Mustangs are a unibody car and if the sheet metal is rusted from the Georgia humidity or possible ocean salt air, it could be a real rust problem.

    No comment about why they’re called a “Rustang.” Not that Camaros were a lot better.

    Like 5
  4. CCFisher

    It’s in a field now, but the windshield surely wouldn’t be that dirty and the interior wouldn’t be that nice unless it was in a barn or a garage until very recently. You can even see the tire tracks in the field, further proof that it was moved recently.

    If the A/C was factory installed, the holes in the radiator support for the condenser lines would be stamped, rather than drilled or cut. It may also have “AC” written on the radiator support in wax pencil.

    Hagerty lists a #1 condition value of around $25K for this car, so $15K in this condition isn’t outrageous, but it is ambitious.

    Like 3
  5. Chris Cornetto

    I miss mine. I drove a 65, 6 with a 3 speed manual. The car had factory ac, bench seat and rust. The rear frame rail did it in. It failed MY inspection. Economical yes, fun to drive, double yes,. It may see life again as I am in need of doing one of my smaller ones
    15k seems insane but as goes the world and like my 300.00 unit this one looks to need everything as these do rot underneath, I. E. took boxes, frame rails and so on. Yes everything is available but even for the DYI guy the time is going to add up. Personally the ratty 67 convertible on here is the way to go if you are a gearhead for that 6 is going to disappoint you quickly and to pay that much for one of these and then replace the engine, transmission, rear and front suspension is foolhardy and dumb. If you have fast already and are looking to slow down and cruise, this is you guy otherwise, price and problems say pass.

    Like 2
    • CCFisher

      ’65-66 coupes didn’t have torque boxes, which is what I believe you mean by “took boxes.”

      Like 0
  6. Big C

    I wouldn’t walk across the street to see this thing, if it was $5,000. But, if the fools out there want to pony up $15k for this crusty six banger coupe? Be my guest. It makes my Mustangs more valuable.

    Like 4
  7. ccrvtt

    The negative points above are well taken, but this seller has some positives in his favor:

    1) They washed the car.
    2) They did a nice job restoring the wheels which leads one to believe that anything else done was done right.
    3) The seats look nice.
    4) The trunk looks nice.

    I don’t know that this justifies a premium price, but it mitigates the spit-out-my-coffee reaction when you read the ask.

    Like 4
  8. Marshall Belcher

    The seats look nice. When you sit on them they will split. This the suspension floors will be rotten sitting in wet grass. No thanks

    Like 2
  9. Burt

    He’s sunk a lot of money into the interior. That is not original but looks great. I’m partial to the faux wire wheel covers. So it has somethings going for it. I’d make an assessment and make a fair offer, not worry about the wishful price.

    Like 0
    • JCAMember

      It’s factory correct reproduction seat upholstery. He sunk about $1200 in parts for the seats. Then he realized how much time and money it will cost to restore the rest and realized he won’t get his investment back

      Like 2
  10. Jackie R. Hollingsworth

    I do not know where these people come up with these prices…..watched to much Barrett-Jackson I suppose…..Crazy!!!!!!!!!

    Like 2
  11. Troy

    Well the add says he/she doesn’t negotiate over the phone indicating they aren’t firm at the $15k haven’t followed the market enough to know what a decent price is for this one. Definitely visit in person and probably going to need some rodent cleaning if its been sitting in a field but what a cool find.

    Like 2
  12. AutoArcheologist AutoArcheologistMember

    I sold a 66 notch back in Silver Blue Metallic (white vinyl top), much cleaner, great paint, great running condition original 6 cyl. (3 owner car) last year for $10,000. Didn’t have the pony interior but I don’t think that’s a $5000 upsale…
    IF this car runs, it’s realistically a 6-8K car. As she sits, with the dirty, moldy interior and light surface rust “patina”, non running, I can’t see a coupe in this condition topping $5000.

    Like 3
  13. Davey Boy

    I agree with everybody. Painted and running perfect this could be worth the asking price but would still depend on condition underneath.

    Like 0
  14. DA

    Way too much money for this car. The body has rust, certainly the underside does as well. 6 cylinder (unknown condition) no title – no thanks.

    Like 0
  15. Not Again

    The market does not and has not reflected peoples should of could of wish list for a very long time! The prices are based on the lack of product availability within the market place, or evidently the rarity of available product. In this case, the very tail end of the greatest cars every produced by American car companies are for sale, and will not sell cheap! Get that point through your mindsets and adjust accordingly, or move on towards other markets, like 60k electric cars, with low used value! Take care.

    Like 0

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