Help! I found a 1964.5

[Barry Runnels]

Hi all

My CPA wife has client who wants to get rid of his 1964.5 mustang coupe. He wants $4000 for it here in Oklahoma.

I haven't seen it yet, but I understand it's been in storage for many years and does run good. It's six cylinder with an automatic. I think it is all orginal because the owner is the orginal owner. I'm told it is in very good condition with slight rust. Don't know where, but I'm guessing the rear quarter panels or front seat pans if it is truely only slight.

What's it really worth?
What are they worth fully restored?
What else should I look for to evaluate it's condition.

Personally I like my cars without tops and with a standard. So it's not my cup of tea really. But it is a classic and I like that. Depending on their value, I might consider replacing the engine and tranny to get more sport in the sport car. I bow to the experts here.

Thanks a head for you advice and knowledge.

Beary

 

[Rick66embglcovt]

Hi all

My CPA wife has client who wants to get rid of his 1964.5 mustang coupe. He wants $4000 for it here in Oklahoma.

I haven't seen it yet, but I understand it's been in storage for many years and does run good. It's six cylinder with an automatic. I think it is all orginal because the owner is the orginal owner. I'm told it is in very good condition with slight rust. Don't know where, but I'm guessing the rear quarter panels or front seat pans if it is truely only slight.

What's it really worth?
What are they worth fully restored?
What else should I look for to evaluate it's condition.

Personally I like my cars without tops and with a standard. So it's not my cup of tea really. But it is a classic and I like that. Depending on their value, I might consider replacing the engine and tranny to get more sport in the sport car. I bow to the experts here.

Thanks a head for you advice and knowledge.

Beary

 

[Rick66embglcovt]

I have seen these go from 3 to 15k and it all depends on condition - condition and your desire to own! Being a one owner car provides some value and I would not purchase this car to restro mod or make into anything else. Personal opinion...it's unique and the 6 cyl will run forever, low cost to insure and operate and at the same time - holds it value being original for what it is...an early 64.5 Mustang!

 

[Falcon79]

According to the latest article in mustang monthly the value is between $5600 and $3750. December 2012 issue.

 

[Realmongo]

Verify the VIN. The 64-1/2 6 cylinder will have a U. Other valid codes are D, F, and K for original V8 cars.

 

[bartl]

Hi all

My CPA wife has client who wants to get rid of his 1964.5 mustang coupe. He wants $4000 for it here in Oklahoma.

I haven't seen it yet, but I understand it's been in storage for many years and does run good. It's six cylinder with an automatic. I think it is all orginal because the owner is the orginal owner. I'm told it is in very good condition with slight rust. Don't know where, but I'm guessing the rear quarter panels or front seat pans if it is truely only slight.

What's it really worth?
What are they worth fully restored?
What else should I look for to evaluate it's condition.

Personally I like my cars without tops and with a standard. So it's not my cup of tea really. But it is a classic and I like that. Depending on their value, I might consider replacing the engine and tranny to get more sport in the sport car. I bow to the experts here.

Thanks a head for you advice and knowledge.

Beary

Big adds to the value are originality and how early it really is. Early cars have unique stuff like fixed, non-adjustable passenger seats, no grommets on the door lock knobs, etc. and, obviously, uniqueness adds to the value. Factory options also add value. A 170/automatic is at the bottom of the totem pole from a value perspective and is probably only going to be super-valuable in a concours-restored condition, which can cost a small fortune to do correctly.

IMHO, if you WANT a Mustang because it's a Mustang and are fine with buzzing about with a small six and automatic then fine. Figure a VERY nice driver-quality early '65 as above to be in the $8,000 range and then deduct what it would cost to get it to that point. Figure a complete repaint alone to cost you $2-3,000, then whatever else it needs....brakes, tires, suspension, radiator, etc....

Now, if you are looking for an INVESTMENT, where you can get a good buy on a Mustang, fix it up and still have some equity, then you should turn around and run, not walk, away. The only people who make money on cars as investments are the professionals who are trading in the top line stuff at BJ, Kruse, etc. sales.

 

[Panhof]

I have a D code that I have been working on... I am going with a 347 stroker and a 5 speed ~ retro mod as it were... Cause I want-to enjoy the car as a regular driver. Any research I have done and seen on D codes is that they really aren't worth any more than a 1965 model year. Its fun to say you have a D code plus one of the first mustangs built and I do enjoy saying that but that's where it ends for me. Most of the drive train was missing anyway when I bought the car so I am not doing any major dis service I feel to the mustang community. I think for a D code to have any substantial value it needs to be an unmolested, original and accurate vehicle-right down to that nassy generator, LOL...