Replacing parking brake handle in 15 minutes-66 mustang
I just replaced the orignal parking brake handle on my 66 convertible in about 15 minutes without drilling,or cutting or even swearing.
Tools needed: a 1/4 inch flat head screw without a point (ie flat on both ends) and no wider than the peg holding the handle in place, Pair of vise grips, pair of small long nose pliers, allen wrench or similar object about the diameter of the peg, and a paper towel.
Procedure: Use the small long nose pliers to hold the screw against the peg while using the vise grips to gently squeeze the peg inwards. (FYI the parking brake shaft has a hole on either side but the plastic handle only has a hole on one side.) Once the peg has been completely depressed into the shaft, the plastic handle should twist off easily. With the handle removed, I used the long nose pliers to reach into the end of the shaft and remove the peg.
To reassemble, I used the allen wrench to align the hole in the new plastic handle with the 2 holes in the shaft. Then I placed the new peg into the handle, folded and wrapped the paper towel around the handle for protection and used the vise grips to squeeze the new peg into place.
I can only say it worked for me. Good Luck!