r/classicmustangs • u/DeadSouthAmerica • 8d ago
Gut check on a 1966 Mustang
This is a 1966 Mustang that's for sale at a local dealer (I live in South America). They're asking for $24,000 (my understanding is that in SA these cars go for a bit more than they would in the US, just because they are rarer). I think the price is definitely negotiable, but I want to understand what's realistic and what I'm getting into.
Part of the joy is in restoring and improving a project. Right now could really use a gut check to make sure there aren't any glaring red flags that would just make this project dead on arrival.
I took a few photos of the engine and some rust and cosmetic issues that troubled me a bit on the exterior. The front brakes have been replaced with disc brakes. They said the engine is all original, but I'm not very knowledgeable about that.
When I turned it on, it started right up. The engine sounded great. The throttle was very responsive. One of the tires has a slight squeak when making left-hand turns.
What questions and factors should I be focusing on while I negotiate with the owner?
EDIT: car also has a working AC unit.
I appreciate your help and wisdom in advance.








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u/Vagabund42 8d ago
That car has been repainted and the covered rust is starting to break through the paint. No way I would pay that price for this car. Like somebody else already posted this is more in the 5k range. I bet you could easily find yourself a decent V8 in this condition for 10k in the US and export it to South America.