Stored Since ’78: 1965 Ford Mustang Convertible

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This 1965 Mustang Convertible is a great barn find that has been sitting in dry storage since 1978. It has a couple of small dings on the body but is a rust-free car that would make a perfect project. It is located in Green Valley, Illinois, and is listed for sale here on eBay. The Mustang is being sold with a clear title.

Giving the Mustang a fairly careful check, the creases in the above picture are the worst damage on the body. There is a slightly smaller matching crease on the other side. The owner provides quite a few photos of the underside of the car, and it looks to be solid, rust-free, and dry. This is a car that shows some real promise.

The only photo of the engine is taken from a fair distance, and all you can see is the air cleaner. We do know that it is a 289 V8 with an automatic transmission and power steering. The engine hasn’t been started since 1988, so there will be some work to do there, although the owner has poured ATF into the plug holes a while back, so the engine may turn freely. Meanwhile, the interior is really dirty but doesn’t look too bad. It looks like it might be a case of replacing the cover on the driver’s seat, fitting new carpet, giving the interior a thorough clean, and you’ll be up and away. This really is quite a promising looking project car.

I think that we’ve all gotten used to seeing so many Mustang project cars with major rust issues, that to find one with a body and frame this good makes a pleasant change. There will still be some work to do on this one, but at least the new owner will be spared the prospect of wholesale replacement of sheet-metal. The car has obviously struck a chord with a few people, because bidding has been strong, and the price is sitting at $7,200 How high do you think that this one will go?

Auctions Ending Soon


  1. Arthell64

    This mustang is the most rust free old mustang I have seen in the last 30 – 40 years.

    Like 2
  2. stillrunners

    Nice pony and interior……

    Like 1
  3. Billy007

    Should have bought it in 78, prob get it cheaper then.

    Like 0
  4. Pete in PA

    That’s gonna bring big bucks. An early Mustang with virtually no rot disappeared from the street in Pennsylvania by 1970 and I’m sure the same is true for it’s current location. The pony interior is a huge plus.
    Am I crazy to say this thing will hit $20k?

    Like 0
  5. Maestro1

    Pete you are not crazy. If someone put some money and time into this car all they have to do is advertise it on Hemmings, showing immaculate, and the price will go through the ceiling. Very strong market upside here, with the right interior and color combination, spend what it takes to make it nice, enjoy, and watch the positive return on investment. One downside: The acquisition cost may inflate to the point where the whole project isn’t worth doing.

    Like 1
  6. Pete in PA

    It’s up to $9k with reserve not met. How high will it go?

    Like 0

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