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#2 |
Mustang Fanatic
Join Date: Dec 2003
Location: Tyler, TX
Posts: 568
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![]() I wouldn't offer more than $2000 at the most. A 1966 Mustang with that much rust you can see is hiding lots you can't see. The cost of repairs is just as high for a 6 cyl Automatic 1966 as it is for a K-Code 289 Hi Performance GT, but the end value is much lower. At most, fully restored this car would probably be worth around $5000 to $7500, and that is an estimate. The V8 cars are more desirable and easier to sell.
I bought an overpriced 65 with a bent front fender, and since I had a 66 project car I thought it was a quick fix. Come to find out, it had 5 coats of paint and lots of very bad bodywork underneath the last 4 paintjobs. I ended up having to replace both front fenders, the hood, both quarters, and a lot of patch welding in the rocker panels and in the wheelwells. In addition, I had to rebuild the motor, so I have more in it than I can get out of it, and it is not finished yet. I sold my 66 project car, simply because I couldnt afford to finish 2 of them, and although it was a better car, I had very little invested. Take it from someone who has been there, done that.
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Harold Phillips www.mustangsofeasttexas.org 1997 Mustang GT Convertible, 4.6L Auto, Autumn Orange w/Saddle Tan Top & Leather Interior, Styling Bar, 17 X 9 Polished Cobra R's on Nitto NT 555's, Ford Racing Bullitt Suspension package, Mac CAI, Steeda UDP's, Flowmaster 40 Series Catback, SCT X-Calibrator II, Zaino Shine, 7 time Show Winner, driven daily ![]() |
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