How much do you reckon maintenance and cost of ownership is on a '65 Mustang convertible?
Are they easy to fix and maintain? How much do they depreciate if you use them as a daily driver?
Depends on what you want. maintenance is a breeze, and fairly cheap. But, again, do you want something that's restored? Engine size? The value will be halved by daily driving one. Let's say you buy a newly restored mustang with a V8 in it for about $60k DD it for about 50k miles and the value would be around $40k
I'm looking at something like this
Is restoration really that expensive? Is this one not fully restored or something? Halved in how long though? What key maintenance is needed every X number of years? This isn't really an issue but a big part of why I like classics is because they will never go out of style. I can buy a 2015 Mustang right now but it'll be the shitty Mustang by 2020. A classic 1965 I can drive right now and all the way up until I die and it will still not go out of style.
I've never owned a classic btw.
Also where did you get $60k from?
This Mustang is $40,000 and looks like it is in excellent condition. The restoration was in 2000 though.
This thread >>11557455
Guy wanted to DD a Mustang too. Same year, color, and a convertible. Even the same price as the one >>11561075 here.
>How much do you reckon maintenance and cost of ownership is on a '65 Mustang convertible?
Dirt cheap. It's a bit more expensive from the start, though, being a convertible.
>Are they easy to fix and maintain?
>How much do they depreciate if you use them as a daily driver?
Not much. They're not worth too much in the first place. Just keep it in good shape and it retains value well.
Rust, mainly, and also make sure the thing hasn't been rained in. See that it's mechanically sound, that it runs and drives, that it shifts well, that all the gauges and lights work. Check for leaks, see if the fluids need changing.
What, it can't be a coincidence?
Nobody ever reads the catalog.
Yeah, OP, they are ludicrously overpriced. If you want one and want to drop the money on one, that's fine, but I think it's a tad silly to drop $40k on a plain Jane 60s Ford with a mild small block at best, and it's even sillier to drop $40k lump sum on a car and then worry about maintenance costs. If you want a Mustang, a regular coupe goes for like $10k in immaculate or restored condition. Hell, it would probably be cheaper to buy a coupe and have a shop turn it into a convertible than it is to buy an original 'vert.
I bought this 38,000 mile '66 289(c code) & 4speed coupe for $8000. It's not as easy to work on as my Galaxie.
Can you post more pics, anon?
Is it worth going for a brand new restored? Will a 15 year restoration do a difference?
Oh I don't plan to spend $40,000. My budget is $31,000 tops.
>Hell, it would probably be cheaper to buy a coupe and have a shop turn it into a convertible than it is to buy an original 'vert.
They can do this? Interesting, I never thought of it. Do you think it would be better than a stock convertible? I don't give a shit for original parts btw.
>Will a 15 year restoration do a difference?
That would be kinda far back and stuff would be getting worn out again. Shouldn't be too bad if it all works, although the convertible top may not be in the best of shape after 15 years of use.
>Oh I don't plan to spend $40,000. My budget is $31,000 tops.
That's still a lot for a not-so-stellar car. They're nice rides, certainly, but as I said a normal coupe goes for $10k tops and the convertible is basically the same but slower and without a roof.
>They can do this?
>Do you think it would be better than a stock convertible?
You'll need to have them modify that chassis to be more rigid, maybe add in a roll bar and a torsion bar and such, but it will essentially be the same. You have to have a GOOD shop do it, though, so a big name custom shop would be who to talk to.
So what do you think would be ideal?
Get a $8,000-$12,000 coupe in not so good condition than have it restored? Is the $20,000 I have enough for a good restoration -- including converting it to a convertible?
>Get a $8,000-$12,000 coupe in not so good condition than have it restored?
I don't think you understand. $10k will buy you a restored coupe, or at least one in GREAT condition. If you want a project that you need to restore, you're looking at probably $3k to $5k for one with no rust that just needs a quick once over and a repaint.
>Is the $20,000 I have enough for a good restoration -- including converting it to a convertible?
Depends on who you go to. I wouldn't think the convertible conversion would cost much over $10k if it even reaches that price, so if you get a nice Mustang for $10k then all told you're looking at around $20k for a restored Mustang that's also a convertible - coming out ahead of people paying over $30k for an original convertible.
Where can I find them for $10,000? I can't seem to find any in that price range online that aren't in absolute shit tier condition.
Also, a lot of these cars don't have an A/C installed. What's a ballpark for an A/C?
Here's a search near DFW:
And here are a few specific examples from that search:
>'65, V8, auto, factory A/C - $7.5k - needs work, could probably talk him down
>Restored '66 for $10k - has A/C, but it's auto
>VERY nice, fixed up, lightly hopped up '68
>Alright '65 Mustang with hopped up 289, power steering, A/C for $6.5k - needs paint
>not a bad '67 with a 302, A/C - needs some work, but a shop could easily make it real nice and a convertible for less than $20k
I don't know where you live, but look around major cities first as there are more options. If you live up North, rust-free Rustangs will be pricier. Figure up now how far you're willing to travel to get a Mustang and limit your search to cities within that distance.
>Also, a lot of these cars don't have an A/C installed. What's a ballpark for an A/C?
I should clarify that prices have apparently gone up just a bit in recent years. They used to be about $1000 to $2000 lower across the board. Still, as far as classics go, they're pretty cheap.