Well Oiled Machine: 1968 Ford Mustang GT

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With so many 1st Generation Mustangs falling victim to rust issues, the original owner took some steps, albeit messy steps, to minimize the chances of this 1968 Mustang GT suffering the same fate. The car, complete with a clear title, is waiting in Jackson, Michigan, for a new owner to return it to the road. You will find it listed for sale here on eBay.

The owner of the Mustang holds the original window sticker and Bill of Sale, verifying that this is a genuine Mustang GT. The body looks good, although the car has undergone a second-rate repaint at some stage before it went into dry storage 30 years ago. The original owner regularly coated the underside of the Mustang with oil when the car was still in regular use. This has left things a bit messy under there, but it has confined the rust to the rear rails where shackles bolt up, one torque box, around one seat bolt plug, and behind one front bumper bracket. Otherwise, the floors, trunk floor and drop offs, shock towers and other weak points on the car are clean. While it also looks like there are some trim components missing, these all appear to be with the car.

The interior of the Mustang is complete, and apart from the tears in the driver’s seat, it all seems to be in good condition. The Hurst shifter is not original, but the owner has the original shifter, and that goes with the car. The car is fitted with upper and lower consoles, and as with the rest of the interior, these are complete, and in good condition. It appears that the majority of the interior will respond well to a deep clean.

The 390-4V engine is currently out of the Mustang, but apart from the car now being fitted with a Detroit Locker rear end, everything else is original. The engine has been removed from the car, and the short block is on an engine stand for some undisclosed reason, but all of the original components, including the carburetor, are present. The original 4-speed transmission is also present, and the car is also fitted with power disc brakes.

As seems to be the norm with 1st Generation Mustangs, this one has attracted its share of interest. At the time of writing, there have been 14 people that have been interested enough to bid on the car, and this has pushed the price to $8,100, with the reserve not met. This one seems like a solid candidate for a restoration, so it will be interesting to see just how high the bidding goes.

Auctions Ending Soon


  1. LT1 Mike

    Appears to be an excellent candidate for a restoration project ,I would love to see it when completed.

    Like 5
  2. irocrobb

    Up until about 2005 there was a guy that sprayed old motor oil on all my cars underneath and in the doors. Made a hell of a mess but my cars never rusted.The car smoked like crazy for the first couple miles till the oil burned off the exhaust. I did this every fall for like 30 years. Oh the memories….
    I like this ole Mustang

    Like 4
  3. Gaspumpchas

    I always thought that a GT was a fastback? Somebody set me straight on this. Very cool Mustang. I also Knew guys who did the drain oil rustproofing. In fact I saw 2 guys fight over the drain oil!! Everybody would love you for dripping the oil on the ground and streets. You would probably go to prison for life. Ahhh the good old days. Good luck to the new owner!


    Like 3
    • 68custom

      nope they came in both,actually all three flavors notch, fastback and vert.

      Like 7
    • Troy s

      Bob Tasca used a GT coupe to more or less invent what would become the 428 Cobra Jet, although in one magazine interview from the 90’s he claimed to put low riser heads and intake from a 428 police interceptor on a 390 GT. So yes, the GT/GTA’s came in all flavors…

      Like 2
  4. FordGuy1972 Fordguy1972Member

    I knew guys who cut wood in Northern Maine and what with drippy chain saws and leaky oil containers, the beds of their pickups never rusted. The fenders rusted off but the beds never did.

    Like 3
  5. Jbones

    I’ve always liked these notchbacks, if it was a R code 4spd 68 notchback mustang I’d be all over it. This is the only mustang I’d consider selling or trading my 66 Hertz for, too bad there’s only 102 of them made….

    Like 2
    • Mark Cobra

      I will take your 66 Hertz!!!

      Like 1
  6. Bernie H

    $8100-8500 is the right price on this one. There is no mention of wet floors caused by the front cowl vents rusting thru under the dash, AND there isn’t a 67 or 68 mustang that is free of this problem as Ford didnt paint this part. Its a costly repair by a QUALIFIED body man. I’ve done several and in the process today of doing another(67 conv). After all this, there’s and engine rebuild, interior, brakes, paint, chrome and tires,,,,,,easy to get over 20 grand

    Like 1

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