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Old 02-18-2009   #1 (permalink)
royalcrown is offline Rookie


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Kansas City   Missouri
Default Should I buy it?

After looking any many, many different 65-66 fastbacks I think I've settled on "the one". My main concern is whether or not I'm paying too much for it. I'm listing its specs below as well as some pictures. The pictures absolutely don't do it any justice. It was WAY nicer in person. It's definately show car quality at the moment and would be pristine with new interior.

-1966 289 C code fastback
-date code correct
-dealer states that it has a HIPO engine (it actually was much faster than a 200HP C code) but I'm waiting to hear back on whether or not it's actually a HIPO from a K Code or a rebuilt motor to "clone" a HIPO. Even if it's not a "real" HIPO, the extra estimated 70HP is something to consider in the pricing of the vehicle.
-3-speed manual
-new mexico car
-the underbody is decent. it isn't new by any means but probably what you'd expect out of a well maintained mustang.
-new emberglo orange paint with white stripes
-paint is absolutely immaculate. no swirl marks or flaws.
-panel fit / gap is nicer than a lot i've seen
-new bumpers
-redline radials
-mustang steel rims
-glass is in great condition
-engine compartment is one of the cleanest i've seen
-parchment interior looks original and is in good condition but not great.
-front disk breaks
-no power steering but for some reason you can pretty much turn with just one finger
-air conditioning
-rode VERY nice. not very bumpy and no squeaks or rattles. easily chirped the tires in 2nd gear. a lot faster than I expected a c code to go. considering i currently drive a 330HP LS1 Camaro SS, i was impressed. this brings us back to the possible HIPO engine mentioned above.

Anyway, what do you all think? The dealer originally quoted me at 25,900 and said he had some wiggle room but then raised it to 27,900 after his mechanic told him it had the HIPO engine. He still said I could have it for 25,900 since that's what he had originally told me. Sure, this could be a sales gimmick but they've even updated their website to show the raised 27,900 price.

Another thing to keep in mind - this is a dealer with over 50 top quality, grade A classics in his showroom. They've sold cars to Billy Joel and Brett Michaels from Poison. You'd think they'd definately have a reputation to upkeep and they definately have a lot of knowledge about these cars which makes me a bit more trusting and comfortable buying from them as opposed to the average joe.

I'm pretty sure I could talk him down to 25,000 since he did say he had wiggle room at 25,900.

Is it worth 25,000?
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should-i-buy-6.jpg  should-i-buy-7.jpg  should-i-buy-8.jpg  should-i-buy-9.jpg  should-i-buy-10.jpg  

should-i-buy-11.jpg  should-i-buy-12.jpg  should-i-buy-13.jpg  should-i-buy-14.jpg  should-i-buy-15.jpg  

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Old 02-18-2009   #2 (permalink)
royalcrown is offline Rookie


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4 more pics.....
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should-i-buy-16.jpg  should-i-buy-17.jpg  should-i-buy-18.jpg  should-i-buy-19.jpg  
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Old 02-18-2009   #3 (permalink)
steve sturgin is offline Made Member

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I just love 2+2s, i would have 10 (including that one) if the garage was bigger and my pockets were deeper.

See if you can get hold of some build up photos for the paint and panel job, there are a lot of sins that can be covered up with a spray gun and some poo (kiwi for bondo).

Don't forget it's a c code, doesn't matter the motor because it will always be a c code.

I still think it looks cool and i can see why you do too

Steve
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Old 02-18-2009   #4 (permalink)
andrewmp6 is offline Senior Member


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You gotta understand when they use to dyno the engines back then was different.There was nothing on the front just the water pump they even ran it open exhaust ports so they could get every last hp out of it.200hp is really about 160 with everything on it.The car is a c code the engine hes probably pulling your chain.Only things i don't like about the car is the price and its a 3 speed.If it was me it would get a toploader the 4 speed or a t5 swap.
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Old 02-18-2009   #5 (permalink)
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royalcrown,
When it comes to what something is worth it is really more of are you what you are willing to spend. The car is 43 years old and the numbers of the classics still on the road drop every month.
Will you ever get your money out of it? Probably not if it is a C-code fastback. Is this a good investment? In these times who knows....my 401k is now a 201. But seriously, I would not think of a 66 C-code as an investment.
It looks like that one doesnt need anything to start cruising so if it what you want, write the check!


Cary
Mililani HI
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Old 02-18-2009   #6 (permalink)
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thanks for the suggestions guys. as for whether it's an investment or not, i just want to make sure I'll be able to sell it for what i payed for it in a couple of years. do you think i'd be able to?
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Old 02-19-2009   #7 (permalink)
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The price of a fastback has kept going up so unless the stock market crashes you should make money on it in lets say 10 years.
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Old 02-19-2009   #8 (permalink)
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The new price was around $2500
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Old 02-20-2009   #9 (permalink)
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But 2500 back then is about 30 grand today.
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Old 02-21-2009   #10 (permalink)
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Car looks good. I agree I would see if you get some photos of the rebuild. Could give you some good insight to what was really done. Good luck
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