Ford Mustangs have thrilled drivers since their debut in 1964. Classic Mustangs offer a signature look and dependable performance that still excite car enthusiasts today. Their top speeds and iconic appearance make them popular choices for many buyers.
It’s always important to consider an investment’s value before forging ahead. Mustang fans might want to purchase a classic vehicle but wonder about classic Mustang values. Many factors influence this model’s worth, from condition to model year. Learning about these factors and other investment impacts can help you decide on a classic purchase.
Read on to learn whether classic Mustangs are a good investment.
How Much Is a Classic Mustang Worth?
Current Classic Mustang prices can range from $10,000 to over $60,000, but sought-after models go for much higher. These costs differ depending on factors like:
- Condition: No matter what year or model you choose, a vehicle’s condition impacts its worth. Experts grade vehicles with a scale that ranges from “excellent” to “parts car.” Cars at the top of the scale are in top-quality form, while those at the bottom are only useful for parts. Mustangs in excellent shape are likely more expensive than those lower on the scale.
- Availability: Some classic Mustang models only had a few dozen or hundred units produced. As time passes, the number of original units decreases due to accidents or regular wear. The rarer the Mustang, the more it costs. High demand and dwindling availability cause prices to rise.
- Mileage: Like with any used car, mileage affects overall value. Classic Mustangs with hundreds of thousands of miles have significant driving experience, which can detract from their worth. They might need more maintenance and regular upkeep to maintain performance. However, restoration projects can bring a Mustang back to near-original condition even with excessive mileage. Many buyers seek lower prices and restore the vehicle to increase its value.
Market fluctuations can also impact prices. While classic cars generally increase in value over time, current market circumstances might stall costs or lower their worth. Other factors like inflation can prevent buyers from investing.
Do Classic Mustangs Increase in Value?
Classic Mustangs often retain value because of their rarity, high-performance features and other unique components. Collectible cars remain a popular investment choice for many, whether due to the vehicle’s physical appearance, performance capabilities or association with a specific historical era. Many Mustang models become rarer as time progresses, causing prices to rise even more.
Thorough restoration jobs can also increase Mustang values. Classic cars require more maintenance than newer ones, making it crucial to understand proper care techniques. By restoring a Mustang to its original quality, you can increase its value and secure its status as a worthwhile collectible.
Collectible Mustangs
With so many Mustang versions available, exploring the different models is exciting. Some models are rarer than others because of limited availability, which increases demand and value.
These are a few examples of the most sought-after classic Mustangs:
- 1965 Shelby GT350R: The 1965 GT350R is one of the most famous Mustang collectibles. It was manufactured for racing and other competitive purposes. Known for its sleek white paint job with blue racing stripes and high-powered engine, not many still exist today. Its current value is around $770,000 in good condition, making it one of the most expensive Mustangs currently available.
- 1968 GT390 “Bullitt”: This model introduced countless viewers to the Mustang’s power in the 1968 film “Bullitt.” Star Steve McQueen leads audiences through San Francisco in unforgettable chase sequences, displaying the Mustang’s incredible performance features. The model still exists today and has undergone small restorations to maintain its original image. It sold in a 2020 auction for $3.74 million.
- 1969 Mach I Fastback: The 1969 Mach I Fastback is extremely rare. It features a unique Ram-Air 428 Super Cobra Jet engine and a 4-speed manual transmission. Collectors and Mustang enthusiasts love the model’s rarity and one-of-a-kind internal mechanisms.
- 1976 Mustang II Cobra II: The Mustang II generation brought many changes to the original model, and the 1976 version showcases these extremely well. Manufacturers wanted to create a more compact car with fewer muscle features, so the Cobra II was significantly narrower and shorter than previous versions. The Cobra II package offered distinctive designs that Mustang lovers continue to love today.
What Year Mustang Is the Most Valuable?
As mentioned, Mustang values vary by condition, usage and rarity. But some Mustang models are inevitably more costly than others due to increased value over time. Older models are typically more expensive due to limited availability. Many buyers purchase classic cars from online and in-person auctions, which can influence prices.
For instance, the original 1964 model has an average selling price of $28,000. Many car enthusiasts love the initial production years, allowing them to witness the first design and feel of the popular car. Mustangs from 1970 have a high value, with an average cost of nearly $80,000 and a top price of $385,000.
A Mustang model from 1985 sells for around $17,016, exhibiting a slightly lower cost. The wide range of Mustang values by year lets buyers find the best one for their price range.
Are Classic Mustangs a Good Investment?
Overall, classic Mustangs are a strong investment. Classic car values increase over time, making them worthwhile purchases. Mustangs also have unique traits that improve their investment value, like:
- Easy maintenance: Mustangs are known for their durability and simple maintenance. You can use different maintenance techniques to keep your classic Mustang in its best condition. Their durability allows the models to last for many years, even with older ages.
- Iconic appearance: Whether on the movie screen or the road, the Mustang’s well-known appearance has been celebrated for decades. Classic Mustangs have an individual aesthetic that many car lovers covet. You can own an extraordinary piece of car history and see its worth increase over time.
It’s important to consider factors like maintenance and care when you purchase a classic vehicle. Older cars can require specialized parts and more consistent care. If you practice the proper maintenance strategies, you can keep or increase your Mustang’s value. It’s often best to research typical preservation needs before committing to the investment.
Care for Your Classic Mustang With Top Flight Automotive
A classic Mustang could be the perfect investment for car enthusiasts. Whether you purchase a new vehicle or want to complete a restoration project, Top Flight Automotive is your one-stop shop for Mustang parts. Our broad inventory of Mustang parts can suit any repair, restoration or customization project. We constantly expand our inventory to feature new products, bringing the best selection to our customers.
We carry thousands of world-renowned brands for all Mustang generations. From brake system parts to external features and engine components, Top Flight Automotive has the top-quality products you need. You can sort through our online offerings with easy-to-use search functions, making it easy to find the best fit for your project.
To get started with Top Flight Automotive, shop online today.
Sources:
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November 18th, 2023 at 1:25 am (#)
I have a 65 convertible mustang. 6 cylinder 200 ci. Needs a little TLC