Ford Mustang buyer's guide

1. Why the Ford Mustang?

The 1965-1973 Ford Mustang offers vintage charm without being overly complicated mechanically. These models are known for their stylish design and reliable performance, making them one of the most popular American classics. Here’s why it’s a great choice for beginners:

Availability: With a strong market, finding parts is relatively easy.
Affordability: While some models are pricey, many early Mustangs can still be found at reasonable prices.
Customization: Mustangs offer endless customization possibilities to suit your taste.

2. Models and Years to Consider

While all Mustangs from this era have appeal, here are some of the key models and years worth considering:

1965-1966 Mustang: These early models are often more affordable and have a simpler design. They're smaller, lighter, and easier to work on.
1967-1968 Mustang: Slightly larger and with more powerful engine options, these Mustangs offer more performance without drastically increasing the price.
1969-1970 Mustang Mach 1: Known for more aggressive styling and performance, these models are slightly more expensive but stand out.
1971-1973 Mustang: These are the largest Mustangs of this era, and while they aren’t as desired as earlier models, they can be more affordable.

3. What to Look for When Buying a Classic Mustang
Before you jump in and buy the first Mustang you see, there are some key things to inspect.

Body Condition
Rust: One of the biggest concerns with classic Mustangs is rust. Pay close attention to the floor pans, the cowl, and the quarter panels. These areas tend to rust and can be costly to repair.
Alignment: Check the panel gaps for evenness. If doors, the hood, or the trunk don’t close properly, it could indicate body issues or a previous accident.
Engine and Mechanical Condition
Engine Type: A V8 is more desirable but also more expensive to maintain. Inline-6 engines are cheaper, reliable, and good for beginners, but don’t offer the same performance.
Leaks: Check for oil leaks under the car, as well as transmission and radiator fluid leaks.
Mileage: Classic cars often have high mileage, but what's more important is how well the car has been maintained or restored over the years.
Transmission: Mustangs from this era have both automatic and manual options. Ensure smooth gear shifts, especially in manual models.
Interior
Original vs Restored: Decide if you want an original interior, which is often more valuable, or if you're okay with a restored or modified one.
Upholstery: Check for cracks or wear in the seats, especially in leather models.
 
4. How Much Should You Expect to Pay?
Prices can vary widely based on condition, engine type, and rarity. Here’s a general guide:

1965-1966 models: Expect to pay between $15,000 and $25,000 for a well-maintained version.
1967-1968 models: Prices range from $18,000 to $35,000, with the Shelby models much higher.
1969-1970 Mach 1 models: These can go for $25,000 to $50,000.
1971-1973 models: The least expensive, often starting around $12,000 for a decent version.
Prices may increase over time, as early Mustangs are gaining more attention from collectors.

5. Maintenance and Ownership Costs
One of the best things about Mustangs is the availability of parts. Thanks to a large aftermarket, maintenance is easier and cheaper than with many other classics. Here are a few things to keep in mind:

Regular Maintenance: Expect to pay for regular oil changes, brake inspections, and coolant flushes.
Fuel: Early Mustangs aren’t the most fuel-efficient cars, with many averaging around 15-20 MPG.
Tires: Depending on your driving, tires can last around 25,000 miles, but period-correct tires can be more expensive.
Insurance: Classic car insurance is cheaper than you might think but varies depending on mileage and how often you drive it. Make sure to get a policy specifically for classic cars.

6. What to Expect in Terms of Investment
If you’re buying a Mustang as a first classic, don’t expect it to skyrocket in value overnight. While Mustangs are highly desirable, they’re not as rare as some other models. However, the right purchase—especially if it's well-maintained—can hold its value or even appreciate slightly over time.

Model-Specific Trends:
Early Mustang convertibles and fastbacks: These models are more likely to appreciate due to higher demand.
Shelby and Mach 1 Mustangs: These are already higher priced and will likely continue to rise in value.

7. Final Thoughts
The Ford Mustang (1965-1973) is one of the best entry-level classic cars you can buy. Whether you’re looking for a fun weekend car, a project, or a long-term investment, this car has something for everyone. As with any classic, be patient, do your research, and don’t be afraid to walk away from a bad deal.