ASF88

Hey, what's up guys!!

I have been dreaming of owning a Classic Mustang, but i am concerned is it going to be difficult to take care of a Mustang.
And here is my situation:

i have a budget of $12,500 to $13,000 for the car itself. And a monthly budget of $400 to $600 to spend on the car for Accessories, or fixing mechanical, electrical issues.

I don't have a garage for now, but i may move to a place with a garage.
I have a fair experience to let me start working on a car, mechanically and electrically fixing or accessorizing i mean, but i haven't worked on a car for long time to be called an expert.

I am thinking about getting a V8, auto Mustang, all original if possible.
And how about the insurance prices range? Depending on what?


And excuse me i am not used to use forums and posting thread that much, so i hope i am in the right place.

If there are any good links to help in this forums, or cars adds 64-66, that would be appreciated.

Thank you.

movielover40

Welcome aboard!!

Your budget sounds very good. Before you buy have someone with a lot of knowledge to check the car over. Underneath needs to be solid.

Insurance is cheap as long as the car isn't a daily driver.

fastbackford351

If you're going to drop that kind of coin on a coupe then it should be pretty well sorted out and other than odds & ends expenses and shouldn't require anywhere near 4-600 a month to keep up. The convertibles and fastbacks are quite a bit pricier to get in to.

As far as insurance goes, if you get a limited mileage policy, they can be had for pretty cheap. I, personally have SafeCo with a 3000 mile a year, full coverage policy with an agreed upon value of 20k that adjusts for inflation for about 400 a year.

And yeah, you really need to try to get that thing under cover. Those old Mustangs don't like being stuck out in the weather.


They leak.

groho

Welcome aboard, you'll find this forum very helpful.

ASF88

Thanks movielover40 for replying.

And yeah honestly i am thinking about making it my almost daily drive.
However, i will be taking care of her as much as i can. And because i will be having a bike too.

ASF88

That's correct, i am planning to get me a coupe.
Do you mean $400 for the whole year, or 400 each month.
And "3000 mile a year" means i cannot go over it right?

Excuse my lack of info because this will be my first car in the States.

And Thanks for replying.

ASF88

Thanks groho.

Hopefully i get used to it as soon as possible.

bop11

Having a classic Mustang should not cost you $400 a month for service, as Fastback said, if you drop $13k on the purchase. Remember, these cars were originally bought by secretaries and other workers who did not have a bunch of bucks to spend on upkeep. Even slightly restore to get rid of the rust, they work very well and parts are cheap. Having a '67 or earlier means no smog in most states and therefore you don't even need to have them inspected. Insurance for classic cars can be very cheap comparatively but you need to watch the millage. If you use the thing for daily drives that are normal (10-12,000 miles/year) then regular insurance should not be too bad, just keep a high deductible if you have collision, and a clean driving record..

fastbackford351

That was $400 for the whole year. 20+ years and no tickets or at fault accidents.