It is sometimes challenging to determine whether a classic is desirable, but this 1966 Mustang Fastback leaves little doubt. It is a relatively solid project candidate, although there are rust repairs required if it is to present at its best. That seems almost inevitable with First Generation Mustangs, but this car’s problems aren’t as extensive as is the case with some that we have seen at Barn Finds. The seller has listed the Fastback here on eBay in Manahawkin, New Jersey. Bidding sits below the reserve at $9,101, although there is a BIN option of $34,500 for those wishing to bypass the auction process.

The First Generation Mustang underwent several significant design and engineering updates during its production life, with our feature car rolling off the line before the second was introduced for the 1969 model year. The first owner ordered this classic in Brittany Blue, 1-of-16 regular production paint shades available in 1968. Ford also offered a vast range of additional colors, although it reserved these for various Special Editions produced that year. The paint is tired, with surface corrosion poking through in various locations. However, what this Fastback lacks is significant penetrating rust in the prone lower extremities. The news isn’t quite as good below deck, with the front rails and torque box region requiring attention. However, the floors appear to carry little beyond heavy surface corrosion, and the trunk pan is also solid. Various exterior bright trim pieces require restoration or replacement, but the glass appears okay.

The first owner teamed the Brittany Blue exterior with an interior trimmed in two-tone Blue vinyl. They didn’t load the interior with factory options beyond the Sport Deck rear seat, and it appears that the original radio has made way for an aftermarket unit. Some trim pieces look salvageable, which might allow the buyer to refresh the inside of this classic without resorting to a complete retrim. However, they might choose to invest in a kit if they crave a high-end result. Their decision may hinge on the car’s eventual sale price, and whether they believe that this approach is financially viable.

Powering this Mustang is the iconic 289ci C-Code V8. The first owner teamed this motor with a three-speed automatic transmission and power assistance for the steering and front disc brakes. The combination made this the least potent V8-equipped Mustang available in 1968, with the 289’s 195hp and 288 ft/lbs of torque sending the Fastback through the ¼-mile in 16.8 seconds. It is worth noting that if the new owner isn’t concerned about originality, squeezing extra power from these sweet little V8s is surprisingly easy and affordable. Potential buyers should note that this classic isn’t roadworthy. The engine starts and runs well, but the brakes require work. However, if that is the extent of the car’s mechanical needs, any further shortcomings might be purely cosmetic.

This 1968 Mustang Fastback shows promise, and it has already attracted nine bids with plenty of time remaining on the Auction. Forty-six people have added it to their Watch List, and with over 650 views in the past twenty-four hours, it has undoubtedly generated interest. I suspect that if it does find a new home, it will be to the highest bidder. I find the BIN figure optimistic and doubt that anyone will hit the button at that price. Do you agree?