The answer to that depends on 2 things: What is the current condition of the car mechanically? and How will you be using the car?
Vintage Mustangs are relatively simple cars so upkeep is pretty basic, but a 40 year old car, no matter how simple it is, is going to need things done to it. The more you use it, the more you can expect to have to do to keep it in top shape.
Just like every car it needs a tune up every so many miles oil changed and all the joints under it lubed.The best thing to do now is a distributor points conversion it upgrades it makes the car run better and no points to wear out.
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