I am thinking about buying a 1968 Mustang convertible (3 Speed manual transmission).* I have talked the seller down to 12,500 but I would appreciate some feedback on what others thought of that price point with what work the car needs.* I took my dad and friend with me and we combed over it for serious rust issues (checked in the common problem areas, cowl vents, trunk, gas cap, wheel wells, rocker panels, etc) and there didn't seem to be any but it does have several things that aren't working/need to be fixed.
Brakes -* The brakes were incredibly 'soft,' to get any stopping power you had to press the pedal completely down.* I had my dad drive it to get a second opinion and he said they should have been more responsive (had more stopping power). The car also pulls to the left when you stop sometimes from what Ive read this is a somewhat common problem on drum brakes.* Estimating 1.5k to upgrade to disc brakes via these CJPP kits -Front:*http://www.cjponyparts.com/ssbc-fron...-1969/p/AW132/
Or something from http://www.discbrakeswap.com/
And then getting some used American Racing wheels off of Craigslist
Paint/minor dents - Estimating 1-1.5k here.* the paint is old and worn and it really just needs fresh paint and will look significantly better.
Front seats - Estimating 1k here.* Seams are torn and brand new seats would probably go a long way but seat covers suffice in the interim. Estimating 1k here (at most)
Carpet - there is an orange spot on the carpet but the seller claims its new and its been garaged for the 23 years she has owned it.
Other minor things - needs a new steering wheel and shifter, the two tiny windows that roll down from the back seat (not sure what to call those) go up and down but you've got to give them a little 'manual' help by either pulling them up or pushing them down with your hand.
One last thing that I am not sure of - on the back window of the convertible top (both sides) you can slide your hand into the inside of the car.* Should I be able to do that?
Pictures - http://imgur.com/a/3ATAW
more - http://hd3000.imgur.com/all/
To sum it up is 12.5 too much? Any thoughts from an expert, I'm pretty new to all of this and I'm trying to learn as much as possible as quickly as I can.
I think I covered everything but apologies in advance if I didn't or messed something up.