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Old 08-20-2009, 07:30 PM   #1
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1967 ford mustang total restoration adivce needed need help?

hi i am thinking about buying a 1967 ford mustang for about $600. it does not have engine or tran everything is old and rusty. my quastion is how much will it cost me to make it look like brand new total restoration. My dream is to make it look like the car from gone in 60 sec. can anyone give me a price range on how much it will cost to make it look brand new.
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Old 08-20-2009, 07:46 PM   #2
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1967 ford mustang total restoration adivce needed need help?

Since you are shooting for the "gone in 60 seconds" look, I will assume that the car is a 67 fastback and not a coupe. If the car is in fact a coupe then you can debate buying it or not depending on the extent of the rust issues. If the car is a fastback or a vert then I personally would pick it up for $600. Either way you need to see just how bad the rust is. Are the floors gone? Are the frame rails all rotted out? Shock towers? Cowl? Trunk area? Check out these areas and see if it is surface rust or rotted out. If a lot of it is rotted out then you will have to set aside a lot of money for reproduction panels (or original if you can find some) and repair of these panels. If you are a good welder then you can take care of much of this on your own and save a lot of money.

In regard to other comments, if you plan to restore a vintage mustang to turn around and sell it and make money then cancel your plans right now. If you plan to restore the car (however you like it) and enjoy it and not worry about what the resale value is then welcome to the hobby. I an roughly 6 years into my 65 and a little over $20K. The car appraised at $26K before I was 100% done with it but you don't even worry about that when you are 6 years deep into building your car and out driving it, nothing else really matters. Actually I lied, you do worry about that but only for insurance purposes incase someone steals it.

Somewhat accurate estimates are pretty tough in this case. A huge chunk of the expense is going to be rust repair in this case. The other large chunk is the drive train. Engine will range from a 200 6 cyl to a 351 stroked to 408. Tranny can be anything from a 3 speed to a 6 speed or an automatic. The rear end could be anywhere from a 8 inch open diff to a 9 inch trac-loc. The point being that there are too many options to give a good estimate. If you research it a little more and get an idea of how bad the rust dammage is (or better yet, pictures), and what you want for a drive train-then we can bounce numbers off of you.
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Old 08-20-2009, 08:40 PM   #3
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1967 ford mustang total restoration adivce needed need help?

Unless you have a rare model (e.g. California Special GT or Shelby) you will never recover the money you put into it. I rebuilt a '67 notchback 289 coupe that had the original engine, tranny, interior and all the electrical system working. By the time I was done, I had over 18 grand into it and it was still far from show car quality. When I sold it, I got 10,500 - which was about 3 grand more than I honestly expected. A 600 dollar Stang is a parts car, pure and simple. IF there are parts worth salvaging, buy it and look for a good car to rebuild.
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Old 08-20-2009, 08:49 PM   #4
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1967 ford mustang total restoration adivce needed need help?

brand new? about 50 times more than you could just go out and buy a restored one for.

the "gone in 60 seconds car" is a GT500 KR, which would cost you well over 150 grand to get your hands on (a real one at least).

fully restored mustangs can be had for cheap. theyre not rare in the least, and they built a gazillion of them.

not the best cars though.

a fully restored one can be had for under 10 grand on ebay.
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Old 08-20-2009, 08:50 PM   #5
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1967 ford mustang total restoration adivce needed need help?

The problem here is the total of the parts is greater than the value of the car.

My dad had a mustang salvage yard in the 70's . We could buy a wrecked car then for $300 and part it out for $2000 . At the same time you could buy the same style car for $1250.

By the time you buy $5000 in parts , $2000 in motor/tranny work and 300+ hours of labor , you will have a $6000 car,
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Old 08-20-2009, 09:27 PM   #6
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1967 ford mustang total restoration adivce needed need help?

you will end up spending a lot more than the car is worth, not a good idea. I spent a lot of yrs in the car business, 1 of the sayings is "you can never make a nice car out of a POS"
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Old 08-20-2009, 10:08 PM   #7
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1967 ford mustang total restoration adivce needed need help?

Well, that is very hard to say. I currently own a 67 Mustang. Body issues will be a major expense, especially if there is any damage to the unibody, either wreck damage or rust damage. The engine and trans are relatively easy to get if you just want a basic 302 and a C4 automatic. You would be looking at about 1500-3500 for the motor and trans, anywhere between 3000-9000 for the body work and paint, and around 800-2500 for suspension components. Of course these are ballpark guesses at best, and depending on how much of the car may be missing or damaged, and if there are parts damaged or missing, if those parts are hard to come by or not. Luckily, just about everything from bumper to bumper is available for any 60s Mustang. My dad has a 67 also, and just about the only thing left on his to do is the motor and trans, and that will probably happen pretty soon. He bought that car for my mom right about the same time I got out of high school, and here 15 years later, is just about ready to put a motor and trans in it. It takes time and money, but just about anything can be done, and done right. A car like this can be done for around 15 grand, but if you want it to be show quality, you could be looking at somewhere in the neighborhood of 20-50 grand. One thing I have learned over the years, cars are an expensive hobby, and typically you get what you pay for. Good luck with your project.
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Old 08-20-2009, 10:20 PM   #8
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1967 ford mustang total restoration adivce needed need help?

if you do all the work yourself figure at least $18 to 20,000.
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Old 08-20-2009, 10:37 PM   #9
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1967 ford mustang total restoration adivce needed need help?

atleast 10 grand to look like the movie version
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