Is it worth rebuilding

[HoodStrype]

Check this out...
When I bought my 89GT a couple of months ago, I was estatic. Then after a week or so of snooping around under the hood I noticed that there was a whole PILE of stuff that needed to be fixed. I started rethinking it and wished I had spent more time searching.
But, now I'm more determined than ever. By God this is my Mustang... and I don't care what anyone else paid, what there's is worth, because this heap has grown on me and I've spent 2 months everyday working on it and too much money! It will someday be the baddest Mustang in North Alabama. Just not today...
If you have an attitude like mine, it's not about how much it's worth- or how much it's gonna cost... It's worth it to me. It's my 10 year project that 'I' will complete by myself so that I can look at it and look at what 'I' did.
If you don't see it that way, sell it to someone who does and buy a newer car. You'll be much happier when it doesn't break down every month!

PS: For instance, I have a horrible blue/purple paint job so I have to get it painted, oxygen sensors welded into the homemade h-pipe, a once nice fiberglass hood that some idiot cut the brace out of, peeling Chrome cobra r knock-offs, ugly euro tail lights (sell ya cheap!), 10 small dings/dents, cracked futuristic style valence, no radio, cut wiring harness to that radio, no sway bar, dang 90/10's on the front I hate, some moron tried to install speakers in the hatch by cutting up the interior panels, and believe me I could go on!

[Unit 5302]

The T-top cars are signficantly more rare than the 93+ Cobra's. Though they only made about 2000 T-top cars in 1987, they didn't come close to selling out. The 800 remaining cars were re-badged as 1988 models.

So there were only about 800 1988 T-tops ever offered for sale. If it's savable, the return on investment could be substantial... but then again, it'll probably be another 10-20 yrs before the 1987-1993 fox body cars command any type of premium for being a classic.

[RBatson]

Don't ever buy a car thinking its a good investment unless its an old '57 vette sitting in a barn, type of situation. You don't fix them up to make money on them, unless you're in that business(they get the cars real cheap). The T-top cars lost alot of popularity when it became common knowledge that they leak. What it comes down to is how much it will take and what its worth to you. Expect to lose money when you sell it, realize that and just enjoy it while you have it.