i recently came across someone lookin to sell his 67 convert., i am new to the website and new to classic mustangs overall, my old man and grandfather are both retired FoMoCo employees so Ford has been in the family over 55 years...... iv always loved mustangs and now i have a possibility to own one..... its a red 67 convert with with black top/interior, came with a straight 6 but in mid 70's was swapped out along with the tranny for a 289 and a c-4 from a 67 fastback, everythin was done but the rearend i wanna believe, the car was a daily driver for a LONG time so the body has some blemishes from what i can tell from the pictures.....it is and was garage kept for a long time.....i would like to know what the value of this car is to an enthusiest..... im looking for an inexpesive and fun little toy for drive and play with yet i dont wanna take a major hit since its NOT a numbers matching car........ any thoughts??
Buell22 - I've owned a few 67/68 convertibles and am in the process if restoring a 67 Scode ragtop, so my opinion is rather fresh, but still just an opinion. I'm also from texas, so the cars I see may be in a little better shape than those in Virginia, but here it goes anyway. The one thing I can say about these cars, is that it takes alot of money to rid a convertible of whatever rust it may have accumulated over it's 40+ years. It is easy to replace floorpans, but once you get into the wheelwells, quarter frame rails, torque boxes, cowl, etc. the $$$ goes way up. And the rust is like a cancer, it shows up in the strangest places. So ask those questions first - what's been done to rid it of rust. If the rust has all been removed then you at least have a good starting place for a solid car. Secondly, there is a big jump in $$$ to get from a daily driver to a concourse correct show car. I would say the cost doubles because everything has to be redone. The chrome is the big $$$. Also the correct datecoded pieces are impossible to find and if you do find them can cost a bunch. So if you are happy with a daily driver quality car and can find one with a good frame/shell that has a clean title, that's worth $8k - $10k easy just for the shell. Paint jobs are worth $2500 or so if you want it redone in the same color, add $1000 -$1500 if you want to change colors. Drivetrains for a 302/C4 combination are not too bad, probably $2500 once its all rebuilt and put together. If the car is complete (i.e interior, bumpers, trim, wheels, etc) and you can live with the quality of the parts as is, then add another $3k to the price of the car because you will spend double that replacing it all. But the good thing is that the rest of the car is basically cosmetic and bolt on and you can upgrade/add/change the whole interior or the individual exterior pieces as you go. But a good convertible shell with a driver quality restoration will set you back at least $18 - 20k. I am also assuming that it is a stock "run of the mill" car. If you have power options, AC, or it is a more unique car such as a 67 "A" code or 68 "J" code, then the prices go up even more. But for a basic C-code convertible, you are looking at $18k easy. If the frame/shell is not rust-free, step away unless you are willing to tear the car completely apart and start over. And believe me, that is a big commitment. Hope this helps.
also - the rear end would have had to be replaced because you have 5 lug rims on this. 6 cylinder cars have 4 lug rims. Those rims are nice by the way and worth around $800 new. Good luck
awesome awesome info man i appreciate it ALOT...... im goin to take a look at the car this weekend possibly, i wanna get all the numbers off the vin/motor/tanny/rear ect...... the car came with the S6 but in the mid 70's like i said the original owner had the 289/trans put in from a 67 fastback he got a hold of, which 289 it is im not sure of yet..... will this depreciate the value if i were to want to sell it down the road since its not a numbers matchin car, or will the bigger motor actually be a plus?.... were the rearends the same in all models or no? ......this obviously is not a frame off resto job im lookin into so as far as goin all out i cant see me gettin anythin out of it id put into it to make it like gold again.... lookin to, ya know, drive it and fix the odds and ends to make it clean and show/driveable....the car is appraised at 7600 and said hed give it to me for 5,500......he just wants it gone due to space and no desire for the car, he traded his uncle (original owner) for a lincoln years ago and never really did anythin with the car but keep it covered in the garage......
That seems like a good price to me. The rear ends were available with the same ratios, but they aren't the same. As previously stated, when they put the V8 in, they had to change the front spindles and the rear axle to the five lug ones. On whether or not the non originality hurts it, it really only hurts it if someone is looking for a concourse trailered showcar. Otherwise, it will probably help because many people prefer the V8. It looks like a great car.
yeah for the price he wants for it, its really playing with my head lol.... its cheap enough for me to pick up but i dont wanna take a hit on it ya know, i mean sink some money into it over some time and get just what i payed for it back or somethin.........
well i just talked to the guy and he updated me on some stuff on the car.....his uncle lived in Myrtle Beach so thats where the car has been throughout its years...... it does have some small rust spots on the bottom of the pass door, some small spots on the outter fender wells and prob some on the rocker pannels if ya took off the trim but he doesnt know for sure......as far as the strut tower, inner fender wells, floor pans, frame, trunk area and other places the car is rust free......id imagine its from livin near the beach........ its got a manual top, no power breaks/steering or AC...... im thinkin it was a plain jane car with no options.......
The thing is, like I said, a good starting frame is worth $7k. And it sounds like you have a good frame. At the price he is talking about, you will never have to worry about it losing value. Don't worry about whether it will be worth or or less with a 6 or V8 engine. It is worth whatever someone is willing to pay for it. If you keep the mods in a reasonable range and don;t go crazy, like paint it orange, you will be fine.
Get off the fence and go buy it, or you will regret it forever. Been there done that!
Last edited by 68GT05; 01-24-2009 at 09:35 AM.
Reason: needed more info
its deff goin to need some TLC thats for sure lol.....some body work and a paint job.... needs a top deff.....some interior parts......other then that, i drove it and it runs VERY VERY smooth, idles like a dream, starts like its brand new....... gotta talk to a buddy of mine to see bout keepin it in one of his 4 garages lol should be no prob though.....
Not sure what the going rate is now, but I purchased my '67 convertible, C code, deluxe interior, GTA, Power Top, Factory AC, etc... for $17K, the car is numbers matching with only the headers, intake manifold/carb and a few other minor styling changes to the engine, in fantastic condition, garage kept, but not a show car.
(pics available in my profile)
From the pics you put up, it looks like a pretty good ride. You can expect some rust due to the age, but looks like a good toy/weekend driver.
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1967 Mustang GT Convertible: Edelbrock Headers and Carb, Strut Tower Brace, Front Disc Brakes, Everything else ORIGINAL
1967 Mustang convertible offer 
