Hello Everyone,

I just recently bought a 1965 convertible mustang. It has a 289 V8 with automatic transmission. This is pretty much the dream car that I have always wanted. It is a daily driver and is a really clean car, but not a show car. I am located in central Oklahoma. Can you tell me of any car clubs that I can hook up with in my area? I would also appreciate any useful information that you can give me about the car. Don't wait for me to ask just let me know and I will also ask some questions as needed.

Here are a few questions:

1. How much is my car worth? I am curious if I paid too much.

2. I have it insured through State Farm. Is there a better place to go through?

3. The key has a litte clover-like tag with it. What is the purpose of it?

4. What is the differences in the 64-69 mustangs that make 1 more desirable and valuable then another.


Your imput is appreciated.

 

Greetings, and welcome to the hobby!

It's always a difficult task to determine a car's worth without seeing it in person. You didn't mention the condition of the frame rails or cowl vents or floors... All of these things - and many more - go into a car's value. If it's a complete basket case, it could be worth as little as $500. If it's a 100 point show car, it could be worth $30,000. If yours is relatively rust-free, it's probably somewhere in the middle. Unless it's just a hopeless wreck, you pretty much can't go wrong with an early 'vert.

You'll probably want to consider classic car insurance like Hagerty or something similar.

And what makes one '64.5 through '69 Mustang more desirable than another? I don't think you could've written a broader question if you tried! Start with personal taste: which ones look best to you? Then move on to the numbers produced: is it a rare model? What options does it have? Is it a performance model? Is it a rare color? Is it ultra-low mileage? The list goes on and on. I would suggest a trip to your local Barnes&Noble and buy a book on the history of Mustangs. There are plenty out there. Sometimes you'll find some nice large-sized coffee table books in the bargin section.

 

Danny pretty much covered all your questions. Regarding insurance.....How old are you? I am an old man, and just add it to my other cars as a 65 Ford and it doesn't cost very much. So, the age factor has a lot to do with insurance. Haggerty and other vintage insurance companies have limits of how many miles per year you drive it, and where it is kept when not driving it.
As far as the popularity of which models is concerned, Danny is right. For me, I love my old 65 coupe, but would not turn down a 65 fastback Shelby. The 68 and 69 fastbacks (Sportsroof) models seem to be a popular year and model, but you pay a lot for a clean one, and parts are more difficult to find as compared to the 64-66....especially the 69. The beauty of these old vintage mustangs, is that you can turn them into whatever you want with all the aftermarket parts available. It just depends on your desires, and how deep your pocketbook is.

Here is an Oklahoma Mustang club. http://www.okmustangs.com/
As far as the key thing, I have no idea. My originals have a pony on them.
As far as what your vert is worth............I have seen them from 500 bux like Danny said to well over 20-30K. It simply depends on the condition of the car. You might get more information regarding your vert by PMing EarlyMustang, as he has a 65 vert. A dang nice one.

 

Dan66 & Soaring,

I appreciate the response to my questions. You can probably tell from my questions that this is all pretty new to me. We had a couple of these when I was a kid, but I really don't know that much about them. I am 38 years old and my insurance now isn't that high. It is only around $210 every 6 months for full coverage. I had heard someone mention Hagerty in another forum and I thought maybe they were extremely cheap.
My car is really clean with no rust that I can see and the interior is in tact with a few small tears in the seats. I paid $8000 for it, but have seen cars that look the same in pictures sell on ebay for $12000+. I have also seen a few sell in the $6000 range although none of the $6000 cars were convertibles. That is the reason for my question about what makes one more valuable then another. My untrained opinion of my car is that it isn't a show car, but that it would be a 8 on a scale of 1-10 for non-show cars.
2 more questions for you. I hear people talk about a car being all-original. Does it hurt the value of a car to put aftermarket parts on instead of originals? What about changing the color of the car. My current color is white and it has a nice gloss to it and I like the way it looks, but thought that maybe someday after I cash in the lotto ticket that I would have it done in Candy Apple Red.

Thanks again!

[IMG]local://upfiles/22049/4D3B7A05213E4AA38420E714F214FD42.jpg[/IMG]

 

I dont think it will hurt the value too much. Do what you want with it. Some people like to keep their car stock. Others like to dress up their engine with aftermarket parts. Its all opinion.

 

For 8000 i think you just stole that car!

 

If you do put aftermarket parts on the car, please keep the old parts in a box in the attic. These are valuable parts if you ever intend on selling the car again.

 

Welcome to the forums 65 Stang!!
You stole my car!!! Just kidding I have the same setup. 289 2v automatic. I have owned it 10 years but just now doing some work on it. I payed 8,500 for mine in 95. I think now I could get 14k in the condition it is in. It not perfect but I would say a strong 3. I am doing a restomod to a GT because I like the GTs and can't afford to buy one. I recently added a center console and am now doing a 4v upgrade. I found a stock intake and carb on ebay. The dress up kit I got from Virginia Mustang. I have been dressing up the engine compartment for the last 3 weekends to get ready for the new intake and carb. The semi-gloss black paint will look great with the chrome vale covers and air cleaner. I am trying to keep a stock GT look. I too plan a paint job in Rangoon Red. Do you have a pony interior?
Walt

[IMG]local://upfiles/18678/9CD6CDA14FD049BF86011D132932BF90.jpg[/IMG]

 

Tylerdru & Walt,

Thanks for confirming the price on my car. I thought I was getting a good deal, but thought since I was a novice that I might have gotten taken for a couple thousand. I really didn't care too much because I figured it is worth what a guy is willing to pay for it and it was worth 8K to me.

Walt,

My car does not have the pony interior. Does yours? Is the Rangoon Red the same as the Candy Apple that I was talking about? The only thing that I am missing is 1 sun visor and the boot for the top, but I think I can get those pretty easily. Forgive my ignorance, but when you say 2v to 4v are you talking about a 2 barrel carb to 4 barrel? Does GT mean that it is an 8 cylinder or is that an actual trim package? Last question is the Cowl vent the grid by your wipers?

Thanks again.

Here are a few more pics of my car.

[IMG]local://upfiles/22049/469B0C0795B94337A46466DBF55D918D.jpg[/IMG]

[IMG]local://upfiles/22049/DA2AB91AC4F740809E2F98C46F3A426D.jpg[/IMG]

[IMG]local://upfiles/22049/B944EEAE5CD44C4A89E6D3729ED8FDAE.jpg[/IMG]

 

Yes the 2V (Venturi) is a 2 barrel carburetor, and the 4V (Venturi) is a 4 barrel carburetor. The cowl is located right below the windshield before the hood starts, so you are correct about that. The GT is an 8 cylinder car, and a very sought after car. It also has a body dress-up package. For the 6 cylinder cars, Ford offered a dress-up package called the "Sprint". It mainly consisted of a chrome air cleaner and a center console. I think it also included spinner wheel covers too. The reason they did that, was because they were running out of 289 V8's and wanted to make the I6 cars more desireable so they could sell them instead of the V8's. As far as changing colors on your car, the red verts sell like pancakes as compared to the other colors, so by changing the color to candy apple red, you will actually increase the value. But, it will need to be a quality paint job. They will need to not only paint the outside of the body, but also in the trunk, under the hood and of course inside the door frames where it is painted white.