1965 Mustang Convertible Value
I'm brand new to this forum, and I hate to jump right in and ask for advice, but I'm in a bit of a pickle...
A family member has just commandeered my grandparent's 1965 mustang convertible. He plans to sell it to fund some ridiculous investment scheme... My grandmother is calling it a "loan".
My brother, my father, and myself would hate to see it leave the family, so I was wondering what would be a fair price to buy it.
It's a 1965 Mustang convertible. 100% original. I believe it has the 3.3 I6. roughly 45k original miles. The body is mostly free of any rust and the interior is very clean. very few tears/rips/stains. The car has probably not been running for close to 20 years, but has been in storage the whole time.
Any idea of what a vehicle like this would bring on the open market? Again, I hate to join a forum just to ask for help, but any insight would be greatly appreciated.
Mustang Monthly (Dec 12) says your car is worth about $8800. It being a convertible gives you about $3K over a coupe. Now, it may not really be worth that if all the years of sitting has caused bearing damage and critter nests.
If any of you are interested in owning this car, you better jump on it. A decent car that you know the history of is a rare thing in this hobby.
There's actually a barn find 65 Vert on Ebay with 20 bids, currently at $9500, but I think it's a V8 car.
Clean it up and see what you have to work with, Check the interior, the engine bay. Try to start the engine. Look at the car from underneath looking for rust or corrosion. Make a list of what you find. Then ask questions and look to see what they are going for. You need to get the car in front of collectors and investors for the best price. Get in contact with Mustang car clubs and get some input. Don't be in a hurry to sell.
Best thing you can do is post a few pics if possible. We can offer you estimates for ball park numbers without it but a picture is worth a thousand words and a better figure. For an original 65 convertible I'd guess between 8k-13k. And as far as knowing the history, that's a cool little bonus. To drive and work on a car your grandparents drove decades ago seems like an added memento. I personally wish I knew more of my car's history and life on and off the road before I got it. Good luck
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Thanks for the help.
I had a chance to look at the vehicle over the weekend, and it's not nearly what I was led to believe. From what I can tell, it's not 100% original anymore... It appears the doors have been replaced at some point as the VINs do not match the car, and what's worse, is it looks like the doors originally belonged to a coupe. The windows are not tapered at the rear to fit the convertible top and has caused some damage to the soft top. The engine does not turn (not sure what's going on) and the rear wheels are locked. They will not turn when trying to move the vehicle.
I don't really have the means to store a vehicle like this, or the time right now to restore it. If I was to buy it I'm afraid it would continue it's life much in the same condition it's been for 15 years...
Thanks again for the insight.
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