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Buying a classic for mustang car.?

I'm thinking of buying a classic ford mustang and fix the car little by little. The car that I will be purchasing will be in running condition. I want to keep it as classic and stock. Not trying to fix it like a muscle car or hot rod. I just want to fix it nice and have some add ons.

My questions is should I start fixing the car from the exterior or the interior?

Would a rebuild engine will be as good as a newer engine?

What is the average costs of a new engine for a classic car?

What is the average price on a rebuild engine?

Any advice on what to look for when buying a classic car such as this one?

Thank you :-)

6 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    I have re-built many classic cars. Here is what i have learned as far as Mustangs go. If you buy a 6 cylinder car it will be a bare bones car. Most of the 6 banger cars were. If you buy one of these the best i can tell you to do is up grade it. It can cost more than what the car is worth redone if you go back stock 6 banger and don't change anything. If you do away with the 6 banger and go to a V8 like a 302 roller motor you will be bringing the worth of the car up. You can use a c4 automatic with the 302 roller. Update the brakes to power disk. If you can still find one of the old Ford Granada's in the junk yard you can rebuild the upper and lower control arm and use the spindle to convert it to power disk brakes. It all fits. These cars had the same front ends. If i am not mistaken the 8.8 rear from a newer Mustang will fit the older mustang with a little work. Then add power steering and vintage air nice paint and wheels and you will have a Mustang that you can get your money out of if you decide to sell it. In other words, Try to find a V8 mustang if you can with as many options as you can find. You will be ahead of the Mustang game that way. Also, Buy the straightest car you can. Make sure the floors are solid and the quarters are straight and no rust out. The straighter the car you start with the better off you will be. Make sure every thing is there. The old Mustang stuff is getting hard to get and more expensive. If you can find a turn key car your better off. Start by getting it running and stopping first. Once you have it running pull the motor and trans out and gut the insides. Send it to your body man. That way he can pull all the chrome off and have it redone while he is getting the body ready. Once the body is ready and paint applied have it taken to a reupholster shop and get the inside done. Once that is done it goes back to the body man to have the motor put back in. Most body shops will not guarantee the paint under the hood or fenders unless they put the motor back in. The car stays there until it's finished and all chrome is put back. It's a lot of work. The more you know how to do yourself the less it will cost.

    Source(s): Restored a few 65 thru 67 Mustangs and Cougars.
  • Anonymous
    1 decade ago

    It all depends on the condition of the car. We originally had a 65 Fastback. It was in very rough shape and needed a lot of TLC. We ended up cleaning the car up very nicely and dropped an '03 Cobra Motor + tranny and rear end in it.

    A Rebuilt engine, all depends on the block... You can get a junkyard 302 for about 300$. Rebuild with new internals and you're pushing less than 1000$ and have a very nice block.

    Average costs for a new engine are around 2500$ for carb and the same for EFI, but harnesses on EFI will kill you.

    Average price on a rebuild as stated above all depends on what you start with

    When you buy a classic car, look for the epitome of a bad car, which is rust. Look for as little rust as possible, check the floor pans, make sure the car is solid, and it doesn't even have to run - Just make sure it spins.

    Also, as you said it's going to be relatively stock, you won't have to spend much. You could pull a me and buy a Dart 302 4-Bolt block. But that will run you about 10,000$ for a shortblock without heads alone.

    Source(s): Firsthand experience with building Mustangs.
  • 1 decade ago

    to keep it classic you must want it to be worth more so engine must have matching numbers to car no new engine it will drop value.if you find a pony with a 289 stock running you should go for that them engines are worth more than the car.

    rebuild it if needed and paint car origanal color and interior origanal aswell

  • 1 decade ago

    all of your question refer to rebuilding and engine or slapping a new one in.

    so why did you say you want a car in running condition? You can find old mustangs for alot cheaper... that don't run or don't have an engine at all.

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  • Doug W
    Lv 6
    1 decade ago

    Start with the exterior. It decays faster than the interior.

  • 1 decade ago

    The first thing to do is join a group like this one and learn all you can about Mustangs...

    http://autos.groups.yahoo.com/group/classicmustang...

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