Considering purchase - advice needed

Ah, the poor disrespected coupe. Most of the what to look for items have already been well stated here and probably the only other thing I would add is to do the magnet test on the body, to make sure that a highly skilled bondo "sculptor" did not have a hand in the cars restoration. As far as an opinion on the price, Mustang prices on good cars these days continue to escalate and if the car is up to snuff mechanically and passes the rest of the mechanical and cosmetic tests, 10.5k is not out of line for this car at least around where I live, as I see well done coupes routinely go for even more than that. I could not agree more with GaPonyFarm more, that anyone who thinks that they can do a nice, quality restoration on one of these cars for 6k is either misinformed, can do the work themselves and is highly skilled in all facets of auto restoration, has a lot of good contacts in the resto business and can cut some great deals, or is out of touch with todays prices if you are farming any major portion the work out and writing the check. I restored a 66 coupe six years ago and even with doing most of the work (except paint) we had 10K+ into the car. The result was a nice looking car capable of knocking down a few trophys at local shows but make no mistake it has its flaws. If the car checks out to your satisfaction, I'm sure they will take care of the seatback (I do agree that taking a pictuer of it hanging off is kind of strange) and would align and adjust the trumpets (I see many cars with this issue), if your going to write the check. Good luck !!
 
Well gents, the old lady appears to have stepped upon my enthusiasm once again as suddenly, she doesn't agree with the purchase.

But aside from that, I have a friend who is affiliated with CJ's and familiar with the car. He claims that it was fully restored - frame up. Everything is pretty much cherry. In fact, CJ's was looking the buy the car from him about a year ago, but at that point, he wasn't ready to sell. Seems that he's ready now, but CJ's isn't in a position to buy. My friend thought that the car was worth $10k. I still have yet to see the car in person and as I mentioned before, I didn't want to bother the guy until I had all my ducks in a row.

After spending a considerable amount of time finding financing, getting insurance quotes and wading through the bureacracy that is the Pennsylvania Dept of Transportation, it seems that while this is a viable purchase, the wife is not happy with it.

So, I guess that settles the question of the dream car. Maybe in a couple of years... then again, by then, other expenses will have come up and my Mustang will be that much more out of reach.

Edit: Thanks to everyone for the helpful advice, at the very least, I am much more educated as to what to look for in a classic Mustang. I do appreciate all of your insight and am happy to see what a wealth of knowledge and friendly folks that are on this board. Anyway, maybe if I can put my marketing saavy on and sell this thing to the wife, I'll be back.

And some advice to those of you that are single - don't get married unless she's a Mustang fan! :nonono:
 
Uh, I met a REAL woman BECAUSE of my Mustang.

Remember this . . . always trust the one you love. You spend time with her . . . probably more than anyone else. You're closer to them and you trust them with your life. ALWAYS listen to them when you're considering a life partner.

Basically, if your Mustang doesn't like your girl, DUMP HER.

Always trust your Mustang ;).