Rusty But Cheap: 1965 Mustang


So you have always wanted a Mustang, but couldn’t afford one? Here’s a really inexpensive Mustang (at least initially!). This perforated pony is located in Milan, Missouri and is for sale here on eBay where the buy-it-now is $1,600 and the opening bid is at $1,200 without a reserve. The seller describes it as a rusty barn find that was parked in 1984. It starts and runs, the brakes have been rebuilt, and all the parts to rebuild the fuel system have been purchased. Unfortunately, the seller is battling cancer and therefore is giving up on trying to restore this car with his niece.  The biggest problem with this car is the rust. Floor pans, valences, and rocker panels all look suspect at best and very holey at worst. As the ad says, the pictures tell how good it is. Mustang parts availability is great, though, so for someone looking for a long-term project who can’t get into a Mustang any other way, this could be a good beginning. Yes, it’s better to buy the best car you can afford. But if this is what your budget is at the moment, you can own the car now and gradually improve it. I’ve bought cars that way before, and while I undoubtedly have more effort in them, I can look at the finished car and say “I did that”. Have any of you restored a similar basket case? Tell us about it in the comments – and if you buy this pony, tell us that, too!


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  1. SoCal Car Guy

    “…how good it is…” It ain’t! Even the engine compartment and rear rails are badly rusted through. This might be worth trying to save if it was a Shelby, a K-code car, or maybe a later (’68 1/2-’70 428 Cobra Jet. But this six-cylinder coupe, with very little structural integrity left due to massive rust and in need of EVERYTHING isn’t even a decent parts car. Pass!

  2. Dolphin Member

    Cheap but no bargain, unfortunately.

  3. JW

    Nope !!! A parts car at best but even then the starting and ending price is too high. I will say it has something my Mach1 was missing… the tie down brackets. Good luck to whoever buys it as they are going to need it.

  4. roger

    ford used an undercoating on under body of those cars.When windows started leaking and created small rust spot, the undercoating held water like swimming pool and rusted everything out.
    My last 66 buy looked great under bottom.but when carpet came up I was looking at the top of underocating.
    Even the subframes crumbled all the way to front bumper.
    Torque boxes were gone too.
    I sold it to some teenagers who wanted to try and fix it.
    Have seen these mustangs and even falcons put on chevy S10 chassis and they fit good.
    Looks normal until hood is lifted and you see suspension and chevy engine.
    I would frame swap this car or not mess with it at all.

    • grant

      that just doesn’t sound right. Even if the Mustang had a frame (it doesn’t) why bastardize it with an S10 frame? If that would work a Ranger frame would at least keep things in the family.

  5. jim s

    clear title and vin plate is what is good and they do not bring the starting bid.

  6. JW

    Totally Agree, NO cross breeding vehicles for me. Nothing PO’s me more than to see a fellow Ford pull in next to me at a car show and when owner opens the hood and I see that SBC sitting between the frame rails. WTH is wrong with a SBF.

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