Some project builds progress quickly, while others seem to drag their feet for years. This 1969 Ford Mustang Mach 1 appears to fall into the latter category, but there is plenty of good news for potential buyers. The seller recently revived this classic so that it runs and drives. However, the best news is that this desirable car is rust-free. It needs work, but its lack of structural shortcomings could make it ideal for enthusiasts considering a hands-on approach. The seller has listed the Mach 1 here on eBay in Dallas, Texas. Bidding sits below the reserve at $18,400, although the incredible interest the Mustang has generated could see the situation change at any time.

The 1969 model year was significant in the life of the First Generation Mustang. A major restyle gave the car a greater sense of presence, and the Mach 1 joined the range. While few people realized it at the time, the outstanding success of the Mach 1 would sound the death knell for the GT that had served so well. The latest offering found 72,458 buyers in 1969, while the GT’s tally of 5,396 was enough motivation for Ford to discontinue the badge. The first owner ordered our feature car in stunning Silver Jade, although there is little sign of that shade in the supplied photos. It seems that a previous owner stripped away the paint as part of a planned restoration, but the build stalled many years ago. The presence of a few emerging spots of surface corrosion will probably prompt the new owner to strip the exterior again to achieve a high-end result. One task they won’t face is rust repairs. This Mach 1 has spent its days in locations with dry climates, meaning that any underside shortcomings are confined to light surface corrosion. There is no steel penetration, but tackling the corrosion early would be wise to prevent future problems. The panels are straight, the tinted glass looks nice, and many of the trim pieces are suitable to see service in a driver-grade restoration.

The Mach 1 was “V8 Only” territory, with the 351-2V the entry-level motor. However, handing over an additional $84.25 delivered buyers the 351-4V producing more power and torque. The difference would have been obvious under the driver’s right foot, with the figures climbing from 250hp and 355 ft/lbs to 290hp and 385 ft/lbs. That is what occupies this engine bay and, when combined with a three-speed automatic transmission, power-assisted steering, and front disc brakes, would have provided excellent performance for the buyer’s buck. This Mach 1 has sat for years, but the seller worked through a revival that included replacing the fuel tank, carburetor, and exhaust. The car runs and drives, but it is unclear whether it is roadworthy. If not, reaching that point should be an achievable short-term goal.

The seller’s revival continued inside this Mustang with the installation of a new headliner and sail panels. There is more for the buyer to do if they seek a high-end result.  The seatcovers look tired, and some of the faux woodgrain has suffered typical deterioration issues. There are missing items, like the AM/FM stereo radio and many of the air conditioning components. However, items like the dashpad are in good order, and the ready availability of trim kits should make returning this interior to a pristine state straightforward and relatively affordable.

The listing statistics graphically demonstrate the desirability of this 1969 Mustang Mach 1 and could indicate how frantic the action may become during the auction’s closing hours. It has attracted 1,180 views in the past day, and 169 people have placed it on their Watch List. The bid tally of thirty-two is equally impressive, and the indications are that the figure will climb. Someone could be on the verge of becoming the new owner of one of the automotive world’s most desirable classics, but are you tempted to be that person?