Buying A Mustang

mikestang63 · Jun 30, 2013

That's the route I took. I knew it would be more money to buy a low mile, stock car and then mod it, but it's nice not to have to deal with hacked up wires an fixing other shadetree mechanic repairs. Plus you get to add the mods that you want.

Congrats on the find. Unmolested low mile Fox body cars are getting hard to find.

jadigen · Jul 4, 2013

good looking car. congrats.

betke76 · Jul 4, 2013

the black one looks really nice, good find.

JD1964 · Jul 23, 2013

The story goes on but it's a good one. Initially, the credit union approved me for the loan. I then made the deal with the seller. Then, after the fact, the credit union said they wanted an appraisal to approve the loan since the car was considered a classic.

At that point, I pulled my own cash ($6000) and got the car into my possession. I did not want to spook the seller into selling to the others that were waiting in line with cash in hand. Anyway, the bank understood my move and told me that once the car was in my possession, I could have it appraised and they would do the financing and give me back my cash.

So, the car was appraised this weekend and it came in higher than I expected. Now mind you, this is not stated retail value, but the appraisers opinion of the value and what the car should be insured for.

$9200

stykthyn · Jul 23, 2013

thats a story worth hearing. good find. I wish I had waited for a clean stocker. I bought a beat one for 1k so I could build it up the way I thought I would want it. it's been a nightmare and a money pit. If I had a stocker I would leave it alone and enjoy the hell out it.

Mustang5L5 · Jul 23, 2013

John Dirks Jr said:
The story goes on but it's a good one. Initially, the credit union approved me for the loan. I then made the deal with the seller. Then, after the fact, the credit union said they wanted an appraisal to approve the loan since the car was considered a classic.

At that point, I pulled my own cash ($6000) and got the car into my possession. I did not want to spook the seller into selling to the others that were waiting in line with cash in hand. Anyway, the bank understood my move and told me that once the car was in my possession, I could have it appraised and they would do the financing and give me back my cash.

So, the car was appraised this weekend and it came in higher than I expected. Now mind you, this is not stated retail value, but the appraisers opinion of the value and what the car should be insured for.

$9200

Now just make sure you insure it for that value. Regular insurance policies don't take too kindly to Fox mustangs. If something happens, the insurance company will want to cut you a check for $1500. Definitely look into agreed value policy, or collector car policy.

LarsD · Jul 24, 2013

Very nice find OP. It's like a cleaner version of my car.

citmov · Jul 24, 2013

Nice work! Congrats!

Buying A Mustang

mikestang63

jadigen

Member

betke76

JD1964

there is enough sticking out to grab on to

stykthyn

I want to measure mine. It doesn't look that tall.

Mustang5L5

That is…until I whipped out my Bissell

LarsD

citmov

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Buying A Mustang

Member

there is enough sticking out to grab on to

I want to measure mine. It doesn't look that tall.

That is…until I whipped out my Bissell

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