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I've seen a 1974 Mustang II on sale for $3500, it has a 302 V8 which came from a 1985 Ford Mustang GT, Holley Carb, C4 transmission, K&N filter, flowmasters, it also has factory air conditioning and it has a new paint job and the car has around 325-350bhp, the car can run a quarter mile in the low 13's.

Is $3500 a good value for this car considering that it has a V8 engine and it's a very fast car?
 

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I have owned three Mustang IIs, and have had fun with each one. The 74 never came with a V8, but can be retrofitted if the engine was equipped with the oil pan, oil pickup, and exhaust headers or manifolds from a 75-78 II. I would buy it as long as the interior isn't trashed out, and the body isn't full of rust. Ask the previous owner if there was any body repair, and do a thorough check of the fender wells to check for any repairs. I still own two Mustang IIs, although I am using one for parts for the other since aftermarket and restoration supplies are hard to find. Too many people discredit these cars, and it really isn't warranted. They really saved the Mustang model line from certain death. I would recommend the following websites for more info and fans of these cars.

http://www.mustangii.org/
http://www.mustangii.net/
 

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to much money fast cars are only for racing your mustang has a changed engine which the valuation goes down unless it's a mustang cobra in 1967 they put in a 409 engine instead of the 289 and the value went up your mustang is in the category of a used car and your asking to much i think more like $2,300 even in 1974 you could get a new mustang for $3,800. R.G.
 

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it depends, is it a car you would like to own, how well is it done and how much money does the owner have in it, remember, you wont' make any money on it, If it's something you want, bargain him for it :)

oh, I have a nice 86 SVO I would sell you for that kind of money
 

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No, I wouldn't think so. That car had numerous problems, and who knows what kind of work the guy did to shoehorn the engine in there. Finding parts will be a nightmare.

On the bright side, if you do decide to buy it and keep it maintained, you probably won't lose much value.
 

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If that tiny little car has 325-350 HP, What's been done inside the motor?? Nothing you listed would add 100-125HP to a stock 1985 Mustnag engine.....Price sounds high for a car that was never really popular and actually an insult to true Mustang owners..................Just like a 1987 Nova.......FWD piece of shite Toyota!!
 

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I kinda dought it is as fast as he says it is and even if it did have 325+hp it still would not even be close to low 13's on street tires slicks maybe but not street tires. But if you like the style of the car and it runs and drives good and the body is decent I would say go for it. 302's are not very hard to build up with a little money I'm sure you could get it into the 13's even 12's on slicks.
 
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