Too Many Projects: 1966 Ford Mustang Drop-Top

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People couldn’t get enough of the new Ford Mustang from 1964 to 1966. It may have been the most exciting new car of the decade and FOMOCO was working overtime to build nearly 1.3 million copies in 2.5 years. Convertibles were at their peak, especially with the younger crowd, so the original owners of this ’66 drop-top no doubt enjoyed it. Another great tip from Mitchell G., the seller indicates he/she has too many projects to properly tend to this “pony.” Located in Lakeville, New York, it’s available here on craigslist for $19,500.

Ford shareholders must have been thrilled by the boost to earnings that the new Mustang must have delivered. It was officially unveiled at the New York World’s Fair in April 1964 and dealers were selling them as fast as they could be built. Of the 607,000 Mustangs delivered in 1966 alone, more than 56,000 were the “standard” convertible like this one. It has a C-Code 289 cubic inch V8 with an automatic transmission.

From the limited photos, this Tahoe Turquoise Mustang may not have any pressing needs. The body and paint look good, and the interior seems tidy. But the boot on the convertible top is wrinkled, an indicator it may need replacing. The car has had its fair share of use as the odometer has already flipped over to 125,000 miles.

We’re told the carburetor has been rebuilt, so the car runs and drives. And it stops, too, thanks to new brakes. The gas tank has been replaced and the twin exhaust pipes are new as well. The seller is sending along a batch of spare parts that may need replacing now or later. We don’t know, as the seller mentions no immediate needs. The Ford sports spinner wheel covers, but we only see them on the driver’s side, so perhaps two of them are missing. Who’s ready for a ride through the countryside?

Auctions Ending Soon


  1. Herbert

    Very nice car and an almost perfect color. Great for cruising.

    Like 4
  2. junkmanMember

    There’s a reason it’s been sitting on craigslist for 3 weeks. Has no pic of front grill area, right side has had work on the body panels. It is a V8 and a ragtop, but it’s a long way to go for a 20k project.

    Like 3
  3. Johnmloghry johnmloghry

    I just don’t know about this car, it would take an in person visual inspection. These are very collectible cars, but they made a lot of them and there are still a lot left to choose from. A first generation drop top Mustang will likely be valuable for many decades to come, and a V8 Mustang even more so. $20 grand you say, well, that does require a thorough investigation for a truly interested buyer, I’m out on this one.

    God Bless Ameria

    Like 2
  4. Eric_13cars Eric_13carsMember

    Lakeville, NY…up near Rochester…deep deep deep snow country. What does that suggest WRT this Pony?

    Like 0
  5. Don

    Nice color combo, but would need a thorough inspection on a lift.
    looking at the body I can see potential rust areas just above the tail lights and the bottoms of the doors, etc. Yes, this would make a nice car show cruiser.

    Like 0
  6. DA

    For $19,500, there are too few pictures and too little information. Paint looks beat, side view mirror missing, front bumper is bent. Why no pictures of the front? Who knows what it looks like underneath?

    Like 0
  7. Mark F.

    Why no fender emblems? Not the 289 V emblem or the Mustang name on either side, the picture of the passenger side makes it look like the front fender is a different shade indicating the fender was replaced and an attempt made to color match. With no emblems the fenders are likely reproductions

    Like 0
  8. mr haney

    good luck selling car for 2 times its value from snow belt with no body info at all , a project ,no front pictures , or under carriage ! la la land!

    Like 1

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