[Cajunatheart]

Howdy,
This is my first time posting on here, and I need to find out some info. My Stepfather owns a 1964 1/2 Mustang that he wants to sell. We are both Vette guys and aren't sure exactly how much to ask for this car. I will include all the information I have on the car below. I fanyone could give us a ballpark number we could ask for the car that would help out tremendously. The car does need a paintjob and headliner, but the guy who's looking at it is going to restore it fully anyway. I have included all of the logs kept on the car and the bio of owner history. Were not looking to gouge anyone on this deal but want to be fair. So if you can help great here goes:

Russ’ 1964 ½ Mustang

Dennis L. & Barbara J. Peterson originally purchased this Mustang from Lynn Kirby Ford, in Portland, Oregon, on June 8, 1964. The car’s window sticker price was $2,687.45, which included the options of 650X14 BSW Tires, AM Radio, 2 Speed Electric Windshield Wiper and Washer, and padded visors. The Petersons kept, what appears to be all the maintenance documents and seemed to have taken very good care of the car. Tracking the work done on the car was easy with all the receipts. Scheduled maintenance and oil changes were accomplished on time. In the twelve years, 4 months and 24 days, that the Petersons owned the vehicle, they spent a total of $1264.59 on recorded maintenance. This averaged out to be a modest $105.38 per year. The odometer rolled over 100,000 miles sometime between May 29, 1976 and June 4, 1977.

On may 5, 1977, William G. and Julianne Hance bought the car. The purchase price is unknown. It is unknown if the Hances kept up on regular maintenance. Receipts for the period they owned the vehicle are sparse. The only major repair documented was when the clutch was replaced in 1979. This was approximately three months before they sold the car. According to the receipts, the Hances spent a total documented amount of $406.58. This averages out to be $203.29 per year, which is approximately twice as much as the average of the Petersons.

On July 24, 1979, Vern and Eula Marriott bought the car. Purchase price is unknown. There are no maintenance documents for the period the Marriotts owned the vehicle. Details of how the car was found and purchased are unknown. The Marriotts are known to be collectors of classic autos, It is believed that the vehicle was bought for the wife, Eula, to drive on a regular basis.




On October 31, 1981, William B. Collins, my father purchased the Mustang for $2500.00. He was an excellent mechanic and completed the majority of the maintenance on the vehicle. He rebuilt the engine in January of 1989. Although there is not a receipt to verify it, the transmission was rebuilt in either 1995 or 1996. The last receipts he had for the vehicle was when he bought a new carburetor in November of 1996. This was 2 months before he found out he had cancer. He passed away in on April 27, 1997.

The car sat idle from the time he passed away until August of 1998 when I traveled to California to pick it up It was towed back to Bossier City on a U Haul dolly. The Mustang was in good shape and mechanically sound.

Documentation of the last 8 years to follow:

Vehicle Information


VIN 5F07F 148167

Year code 5 1965 (Classified as 1964 ½)
Assembly Plant F Dearborn, Michigan
Body Serial Code 07 Hardtop
Engine Code F 260 cid V8, I valve carburetor
Consecutive Unit Number 148167 148167 Mustang Produced

Code Plate 65A M 86 28E 74 1/1

Body Style Code 65A Hardtop, Standard Interior
w/Bucket Seats
Color Code M Wimbledon White
Trim Code 86 Black Vinyl w/black trim
Manufacture Date 28E May 28, 1964
DSO District Code 74 Seattle
Axle Code 1 3.00:1
Transmission Code 1 3-Speed Manual

Mustang Service Log

(Receipt Verified)

DATE MILEAGE LOCATION SERVICE COST

1964
06-08-64*
08-03-64 2027 Lynn Kirby Ford Oil/Warranty $17.00
10-16-64 4444 Lynn Kirby Ford Oil $2.80
12-10-64 5976 Lynn Kirby Ford 6000 Svc/Tune-up $20.05
$40.65
1965
03-10-65 8861 Lynn Kirby Ford Oil/Warranty $6.95
07-12-65 11802 Lynn Kirby Ford 12000 Svc/Tune-Up $37.97
09-17-65 17370 Francis Ford Oil/Alignment $17.97
09-27-65 17768 Francis Ford 18000 Svc $13.70
11-01-65 18485 Francis Ford Oil Leak N/C
11-11-65 18680 Ireland’s Tune-Up $18.27
11-17-65 18086* Francis Ford Pack Wheel Bearing $2.50
$93.36
1966
01-24-66 ------ Francis Ford Touch Up Paint $59.20
05-27-66 23724 Francis Ford 24000 Svc/Drain/Flush
Coolant $26.93 $86.13
1967
03-22-67 30677 Francis Ford 30000 Svc/Tune-Up/Comp
Test-140-155-150-145-150-
130-150-140 $41.66
06-15-67 32862 Francis Ford Oil Leak/Rotate Tire $14.54
09-26-67 35727 Francis Ford 36000 Svc/Pak Bearing $37.55
11-06-67 38819 Russ Epler’s Shell Oil $8.35
$102.10

1968
04-11-68 41735 Russ Epler’s Shell Oil/Air Cleaner $14.84
07-16-68 44972 Francis Ford Tune-Up/Comp Test
145-150-140-160-140-
140-145-150 $37.05
07-23-68 ----- Fred’s Repair Brake Job/4 Wheel $49.65
07-26-68 ----- Smith’s Tire 4 Tires $120.00
08-09-68 46021 Globe Brake 4 Shocks $31.80
08-12-68 ----- Exhaust Specialties Unknown $10.00
11-05-68 48495 Bill Martes Shell Oil $8.10
$271.44

*Purchased By Dennis L. & Barbara J. Peterson
*Inaccurate mileage indicated










DATE MILEAGE LOCATION SERVICE COSTS

1969
02-19-68* 50725 Irelands Tune-Up/Oil $22.84
06-29-69 53993 Lynn Kirby Ford Oil/Repack U-joint/Drain/
Flush/Coolant $32.33
07-29-69 ----- Ireland’s Rebuild Carburetor $20.15
09-23-69 Sears Battery $13.88
--------- 57000 Hill’s Shell Oil $8.40
$97.60
1970
03-17-70 ----- ----- Condenser/Points/Fuel
Filter
03-18-70 ----- Ireland’s Plugs/Scope Engine $14.00
07-07-70 59365 Hill’s Shell Oil $8.45
12-01-70 61330 Bob Smith Mtr Svc Oil/4Qts $3.40
$69.64

1971
03-08-71 62993 Del Ball Ford Comp Check/Bleed Brakes $7.90
04-06-71 63805 Chevron Car Svc*** Oil/Trans Oil $8.85
12-07-71 66086 Bob’s Westgate Chev Crankcase Oil Chg $2.25
$19.00
1972
03-18-72 67148 Big Wheel Whl & Brke Tire Svc $17.50
04-17-72 67444 Lynn Kirby Ford Front End Chk/Lube $4.95
04-18-72 67452 Standard Stations Inc Oil $7.45
04-25-72 67593 Canyon Firestone Tie Rod Ends Rplce $43.79
08-12-72 ----- Kmart Battery $18.88
68968 Jim Grimbly’s Chev Oil $7.20
12-26-72 70202 Jim Grimbly’s Chev Oil $7.50
12-27-72 ----- White Front Auto Muffler $18.99
$126.26
1973
08-07-73 73335 Montgomery Ward Tune-Up $27.85
08-08-73 73356 Fred Meyer Rotate Tires $2.00
08-15-73 73549 Dee Thomason Ford Fan Belt/Fuel Filter $11.70
12-01-73 75421 Wes Powell’s Chev Oil/Crankcase $8.60
$49.55
1974
03-09-74 76607 Chev Car Svc*** 3 Qts Oil $2.55
06-11-74 78643 Lynn Kirby Ford Oil/Pack Front Bearings $17.70
06-11-74 78653 Capitol Tire Sales 2 Tires/Trade $28.14
06-11-74 78000** Quailride Vlv Stem/Balance Tires $6.50
08-12-74 79660 Capital Tire Sales 2 Tires/Trade $30.86
08-12-74 79660 Quailride Vlv Stem/Balance Tires $6.50
$92.25

*Inaccurate date listed (corrected)
**Incorrect Mileage Listed




DATE MILEAGE LOCATION SERVICE COSTS

1975
02-01-75 82306 Greg Shericks Chev Crankcase Oil $3.80
02-03-75 82313 Kalesse Automotive Rplc Upper Control Arm
Shafts & Bushings $30.00
04-10-75 83340 Firestone Stores Pack Front Bearings $4.88
08-15-75 85750 Jim Grimbly’s Chev Rad Cap/Crankcase/Oil $11.95
08-15-75 ----- Jim Grimbly’s Chev Rebld Whl Cyl/Pack Whl
Bearings $71.80
10-26-75 86942 Fred Meyer Tune-Up/Adj Carb $29.99
12-27-75 88052 Fred Meyer Oil $3.99
$156.41
1976
03-25-76 ----- Kmart Upper Ball Jnts/Allgn $48.77
05-29-76 92453 JC Penny Front Shocks $11.98
09-23-76 ----- E Burnside Shell Master Cylinder $37.45
12-27-76 ----- Kalesse Auto Tail Light Socket $11.75
$109.75
1977
05-02-77*
06-04-77 103783 Stevenson’s Auto Tune-Up/Pack Whl Bearings/ Ignition Wires $66.51
$66.51
1978
06-14-78 ----- Triple “S” Tires Mnt/Balance New Tires/
Front End Alignment $34.85
$34.85
1979
04-13-79 121025 Stevenson’s Auto Clutch/Starter/Flwhl Rng Gr
Comp-140-125-120-130-120
120-115 $226.30
04-28-79 121051 Montgomery Wards Tune-Up/Fuel Fltr/Dist Cap
07-24-79** Muffler $78.92 $305.22
1980

No Receipts Available


1981
10-28-81 127895 Walt’s Chevron Smog Inspection $8.50
10-31-81***
11-16-81 ----- City Auto Points/Condenser $6.65
11-16-81 ----- Quality Auto Parts Light Bulb $1.31
11-17-81 ----- Steve’s Upholstery Back Seat Repair $20.00
12-10-81 ----- Andrew’s L/M Switch $19.93
$56.38
1982
01-04-82 ----- City Auto Wheel Bearings $23.77
$23.77
*Purchased By William G. & Julianne Hance
**Purchased By Vern O. & Eula Maxine Marriott
***Purchased By William B. Collins



DATE MILEAGE LOCATION SERVICE COSTS

1983

No Receipts Available


1984

No Receipts Available


1985
08-07-85 ----- City Auto Battery/Carb Kit $75.89
$75.89
1986

No Receipts Available


1987
01-08-87 ----- Winston Tires Tires $255.09
01-10-87 ----- City Auto Brake Shoes/Cyl Kits/Seals
Outer/Inner Bearings $60.87
01-12-87 ----- City Auto ????? $31.48
01-12-87 ----- City Auto Turn Drums $10.00
$102.35
1988

No Receipts Available


1989
----- 131139 City Auto Master Engine Kit $501.41
01-13-89 131139 City Auto Hot Tank/Bore Block/Fit Pistons/
Turn Flywheel $212.50
01-13-89 131139 City Auto Valve Job/Inst Guides/Inst
Exhaust Seats/Re-Surface Hds
$200.00
01-13-89 131139 City Auto Valve/Guides/Seats/
Rockers $126.20
01-16-89 131139 City Auto Spk Plug Wire Set $21.05
01-17-89 131139 Roseville Engine Pioneer $3.71
01-18-89 131139 City Auto Radiator Hoses $18.76
$885.63
1990
11-19-90 158393 Winston Tires 2 Tires $130.52
11-20-90 ----- Winston Tires Computer Spin Blnce $14.30
$144.82
1991
12-04-91 170950 Winston Tires Idler Arm/OP Bush $175.49
$175.49






DATE MILEAGE LOCATION SERVICE COSTS

1992

No Receipts Available


1993
01-26-93 ----- Sacramento Mustang Dash/Belt Line Kit $215.39
01-27-93 ----- Sacramento Mustang Dash Speaker $16.11
02-12-93 ----- Winston Tires 2 Tires/Trade $108.15
$339.65
1994

No Receipt Available


1995
01-10-95 ----- Bruton’s Glass Wndshld/Wtherstrp $259.83
$259.83

1996
11-15-96 ----- Car Quest Carburetor $137.78
$137.78
1997

No Receipts Available


1998


08-12-98 80110 Auto Zone U Joints/Oil $18.85

08-17-98*and on to follow:

http://i60.photobucket.com/albums/h1...t/DSC01143.jpg
http://i60.photobucket.com/albums/h1...t/DSC01150.jpg
http://i60.photobucket.com/albums/h1...t/DSC01144.jpg
http://i60.photobucket.com/albums/h1...t/DSC01148.jpg
http://i60.photobucket.com/albums/h1...t/DSC01153.jpg
http://i60.photobucket.com/albums/h1...t/DSC01156.jpg

[Preacher17]

Depending on condition: Low retail $6000, Avg. retail $14,000, High retail $22,000.

Based on the photos I'd be asking high retail.

Hope that helps.

Mike

[Veronica]

Hello.Welcome.I hate to have to say this, but that car won't bring 22K.It won't bring half of that.260 3-speed manual (kiss of death) no A/C, no nothing coupes, assuming that the floors are ok, with so-so paint and interior, and an engine bay in serious need of some detailing will be lucky to bring 8k.I wouldn't be able to get 22 for my 260 convertible and it's got a lot better initial eye appeal, automatic, a prettier color, etc...There's a 64 1/2 260 coupe for sale here in town for 15 that is an earlier car than yours,is red, automatic, A/C, nice paint and interior, beautiful engine bay,etc...And the guy that is selling it is a dealer in vintage mustangs and has been since before I was born.He knows exactly what he has and what it will bring.In fact, you can see the car at www.forristalls.com in the for sale section.You could also check ebay and see what similar cars are actually bringing.Hope that helps and again, welcome

[Preacher17]

I didn't say you would get 22 but I'd be asking that anyway. There are somethings that make this car worth just a bit more. Sure it is a plain white 260/3 speed, but it appears to be original, unmolested and looks to be pretty rust free, around here that's getting hard to come by. Also having the cars history at least in part is a good thing. Start high it will give you room to bargain with the buyer. Don't give the car away, I think you may get more for it that you may expect. You may not get 22 but I think you should be able to get more than 14 or 15 also-if the car is as rust free as it appears.

Mike

[Tominator]

Sadly, unless in near mint very low mileage condition with most options, there is not a lot of collector interest in the early Mustangs. But having said that, the same could have been said in the past of quite a few cars that exploded in price in a very short period of time.


Park it for 10 years and you'll laugh at any stock portfolio.

I know that from experience, but I'm not laughing!

[Preacher17]

If you haven't priced 'stangs lately you're in for a shock! Fastbacks have gone through the roof and they have been dragging the price of coupes up with them. That coupe that may have been worth 8 to 10 G's a couple of years ago is worth a whole lot more than that today. I think a lot may depend on the area you're from too. When I lived up north in the Chicago area Mustangs didn't bring as much as Chevys did, It's been a long while since I've been up north but down here they are bringing a premium. Coupes are still affordable but you have to wonder for how long?

I think the problem is a bunch of guys my age that are trying to relive an adolesence that they never had. You see the same thing with bikes today. A bunch of older guys dressed in leather playing Billy Biker on the weekends. With bikes it doesn't matter for the most part the're buying new Harleys not old ones. With cars the're sucking up old cars left and right. In a few cases that might be a good thing but in most cases these folks arn't car people and never were and you have to wonder what is going to happen to these cars once the novelty wears off. Most don't have an appreciation for what they own and the cars will end up just another disposable toy when they are through. I hope I'm wrong but I'm probably not. A lot of younger car guys (and gals) are being priced out of ever owning a classic 'stang because some bozo saw Gone in 60 Seconds and wanted a car just like the movie. In my book that's a sad reason to go and buy a car. What's the answer? I wish I knew....

I'll get off my soapbox now......

Mike