88 5.0 GT find - Value?

fm67gt

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Newbie to fox bodies...
TRUE LITTLE OLD LADY STORY!
I found a 1 owner 88 GT 5spd bought AS HER "DREAM CAR" by lady now 80 years old. She had a stroke and cant drive any more. I learned about it from son in law who went to the house for a service call and lady's husband mentioned he had an old mustang he was thinking about selling. It is 100% original with 104k miles. Was inspected in 2018 and parked. Needs battery to start.
What is it worth? See pics!
 

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fm67gt

Member
Feb 1, 2020
22
24
13
57
Virginia
Newbie to fox bodies...
TRUE LITTLE OLD LADY STORY!
I found a 1 owner 88 GT 5spd bought AS HER "DREAM CAR" by lady now 80 years old. She had a stroke and cant drive any more. I learned about it from son in law who went to the house for a service call and lady's husband mentioned he had an old mustang he was thinking about selling. It is 100% original with 104k miles. Was inspected in 2018 and parked. Needs battery to start.
What is it worth? See pics!
 

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kiddiccarus

The first widely accepted Tranny
15 Year Member
Dec 24, 2003
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30 Mins from a Ragged GT
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:rlaugh:85 MPH Speedo. Man I miss my Fox.

Search KBB with the VIN to get a cash offer price

I'd give around 5k for it. Looks clean.

Are they asking for an offer or have a price that you are looking to counter?


My Trade in Value is $292.00 on KBB so scratch that idea. They are morons, you cant put a price on a Prom Queen.
 
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fm67gt

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Owner did some research on Haggerty and said 5k firm. I think I am going to do it and add a fox body to my garage to keep my 67 390GT convertible company! Should be a fun project for me and my sons.
 

DSB88GT

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Nov 6, 2016
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5k seems fair, especially considering it is a T-Top car. This is assuming it will run after sitting for 2 years.
 
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Mustang5L5

i'm familiar with penetration
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I'd do $5K on that and feel good about it provided no wrecks or major rust/rot.

First thing i'd do is change out those T-tops seals as it looks like the seats got water on them at some point. But that would be a fun restoration. I'd put it back to 100% stock resto and slap some fresh white paint on that bad boy.
 

fm67gt

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Feb 1, 2020
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I'd do $5K on that and feel good about it provided no wrecks or major rust/rot.

First thing i'd do is change out those T-tops seals as it looks like the seats got water on them at some point. But that would be a fun restoration. I'd put it back to 100% stock resto and slap some fresh white paint on that bad boy.
Thanks for the advice.
Seats are like new as the t-tops have never leaked. Paint is glossy with a few chips that hopefully can be repaired. I would really like to keep the original paint. Coolant is disappearing and I am afraid it may be a head gasket.
 

Mustang5L5

i'm familiar with penetration
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Feb 18, 2001
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I was referring to whatever this spotching is all over the seats and seat-belts. Almost looks like mold growing.

20200201_111123-jpg.jpg
 

Mustang5L5

i'm familiar with penetration
Mod Dude
Feb 18, 2001
33,300
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Massachusetts
yeah, when they leak, it's bad. But considering most of these cars these days are garage kept and seldom driven in bad weather, it can potentially be a non-issue.

I love the sunroof on my '88, but I wish they were T-tops all the time. If they were, they would be kept out most of the time anyway
 

Boostedpimp

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May 8, 2003
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T-Tops in a unibody car is almost a guarantee you'll have leaks but it's so original it probably hasn't been beat on so replace the seals and enjoy the ride. I personally would still need to look at the floor pans in that thing before I shelled out the five k :)
 

02 281 GT

Agreed...My wife has great Boobs
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I was referring to whatever this spotching is all over the seats and seat-belts. Almost looks like mold growing.

20200201_111123-jpg.jpg
Looking at the other pictures there appears to be similar residue elsewhere (shifter bezel, etc.). My bet would be that's just a byproduct of being stored in a non-climate controlled, likely humid garage.
 
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