Barn Find : Do I go for it?

[kevcol74]

So, I may (or may not) be left with a tough decision soon.
As some of you know, I recently sold my 1966 Mustang regretably. Though I did make a good profit on the car! So my dad calls me up, the one that did a good portion of the work on the 66 and told me not to be bringing him more of those, and tells me he may have found something for me if I'm interested.... Kind of threw me a bit after what he told me after the 66, but maybe he is getting bored again (he's retired) I also sold the 66 because I have baby #2 on the way and the wife lost her job last june (she can get one again when she wants to though, she is in a good field)
So here is the "barn find" as I know so far:
Price: $2500
Car : 1969 Mustang Fastback (no word on Mach1 or not)
Story so far : Been sitting for 20 years, in peices but all there.

So, with a baby on the way, do I "find" the money for this thing?? 69 is my next choice behind the 67-68 body..... And Fastbacks are rare....

I'll be sure to take pics "as found" if I can get ahold of this beauty!

[b.rabbit]

Would you have time to work on it?

[kevcol74]

Well, my dad does....lol And I would when I can.....

Here is my vision of the complete project....
http://i451.photobucket.com/albums/qq238/kevcol74/Misc/69Mustang.jpg

And for your skeptics... I already did this (just wish I'd held on to those wheels now!!):

http://i451.photobucket.com/albums/qq238/kevcol74/1966%20Mustang%20289%20Coupe/66Coupeand3.jpg

[Aitch]

If you've got the space for it, go ahead! No one says you need to finish restoring it ASAP, it can be a longer-term project.

[aris]

If you are back to work then i would but if not maybe you should hold off untill you get back to work..my $.02

[kevcol74]

I'm working, never been not... Wife was let go, not me! lol

[Go_Habs_Go]

I say you go for it!!

If the Fastback is pretty rare then you may not get another chance to do so. :)

(Also I would never encourage people to borrow money and live beyond their means but with interest rates so low these days, you could always get a line of credit to pay for the purchase and then slowly pay it back over the next few months. At today's low interest rates, you wouldn't end up paying much interest on $2500).

Anyway just my 2 cents...post some pics if you get the chance!

Good luck :)

[kevcol74]

I say you go for it!!

If the Fastback is pretty rare then you may not get another chance to do so. :)

(Also I would never encourage people to borrow money and live beyond their means but with interest rates so low these days, you could always get a line of credit to pay for the purchase and then slowly pay it back over the next few months. At today's low interest rates, you wouldn't end up paying much interest on $2500).

Anyway just my 2 cents...post some pics if you get the chance!

Good luck :)

Now that's someone that understands the dilemna here.. one of those "I may regret it for the rest of my life" decisions here.... And a Habs fan, must have his head screwed on right! :chuckle

[b.rabbit]

If your dad doesn't mind doing most of the work while you chip in from time to time, why not? Maybe you'll be able to keep this one! :)

[Iceman_F1]

That's mighty tempting...

If you have the cash or can get it somewhat easy without really being too bad...I'd say go for it

[towelsnap]

..hmmm if I was in your situation , I'd wait due to the second baby (congrats btw) . Just kids can be expensive. Or what B.Rabbit said where you chip in once and a while.

[kevcol74]

IF it materializes (and thats a big "IF" at this point), I think Go Habs Go has the right idea... find the money to buy it, and work on it when more money becomes available... That way, atleast I have it. I have a place it can go, so it won't rust away.... And it will always hold its value if something drastic were to happen.... or maybe just buy it and sell it, make a couple bucks. I guess I have options! lol

[Dave_The_BMXER]

If you have the space to store it (in a good storage area where it won't devalue) while you don't work on it yes. However if storing it is a burden on your wallet or anyone don't do it.

I had to sell my first car cause I couldn't store it at my dads until I went all out with it (I was talking a 10 year time span haha).

I liked your last stang a lot.

[froggy]

listen to the little red guy on your shoulder saying get it get! As long as the initial cost isn't going to be big of a burden you can parcel it out bit by bit for the restore. Oh and btw depending on how many pieces its in frame on or frame off restoration?

[Mazda3X2]

+1

I would have to say go for it. This way, you have it. If you have it for 10 years before you can afford to work on it properly so be it.

How many chances come along like this anymore? Not too many.


I say you go for it!!

If the Fastback is pretty rare then you may not get another chance to do so. :)

(Also I would never encourage people to borrow money and live beyond their means but with interest rates so low these days, you could always get a line of credit to pay for the purchase and then slowly pay it back over the next few months. At today's low interest rates, you wouldn't end up paying much interest on $2500).

Anyway just my 2 cents...post some pics if you get the chance!

Good luck :)

[kevcol74]

Mustangs are unibody... better be frame on!! lol

Even if its rotten, as long as I get an ownership and VIN tag, suspension parts:
http://www.dynacornclassicbodies.com/ford_models.html

:chuckle

[b.rabbit]

You sound excited. Do it! :)

[Mazda3X2]

My above opinion may be biased as it has always been a dream of mine to find something like this.

Quick funny story;

Back in the early 90's my girlfriend at the time lived on a farm. Out in the barn way out back for at least a year I had noticed a car shaped sheet in the back corner, mostly covered with hay and such.

Her brother and I more or less fantasized over what could be under there. A Plymouth Superbird? A Chevelle SS or even Shelby Mustang?

One day we worked our way back into that corner to put these thoughts to rest.

Only to discover that under that sheet lay a mid 80's V6 Firebird.:complain

[kevcol74]

lol Denied!

I looked at a 67 Mustang Convertible last year, and the guy took me to his dad's barn to look at some of the parts that came with it. What was in the barn too?
1965 Vette Roadster
1955 T-bird Roadster....
Such a shame, sitting there covered in dust, no car covers at all....
My old neighbour has a 1969 Mustang Fastback (Mach1 clone) that has been sitting since he got married, over 20 years now. He's divorced now though, maybe he will do something with it, cause he wouldn't sell it to me no matter what I did! Even flashed $10K in his face!!! (had just sold a car, had it in hand....lol)

[jaimie08mazda3]

kev dooooo iit.. and ill come and help you out.. one of my favourite things to do is work on cars. me and a few friends just put in a b16 motor in a honda civic Hatch. soo much fun. i am gonna say goo for it.. and PICS!

[Donutz]

Go for it.

[Thrizzl3]

think it through..am I gonna be there for the wife when she is sick..or am i gonna be working on this car?? Am I gonna feed the baby while the wife is at work or am i gonna be putting that supercharger on??

i say go for it:chuckle get the best of both worlds

[Malcolm991]

If it's a Mach1 with a #s matching Cleveland? I think you know the answer!

[Gizzmo_jr]

If it's a Mach1 with a #s matching Cleveland? I think you know the answer!

Thinkin the exact same thing

[Go_Habs_Go]

Buy it! Buy it! Buy it! LOL

I think we're all sharing your excitment. :)

Mind you, I gather you haven't even seen it yet?? Would probably be better to see it first before you get your hopes up too much (just in case it's in such a bad state...)

Go see it and let us know!

[froggy]

Mustangs are unibody... better be frame on!! lol

Even if its rotten, as long as I get an ownership and VIN tag, suspension parts:
http://www.dynacornclassicbodies.com/ford_models.html

:chuckle

sorry brain fart, I'm used to the gm cars I helped my cousin do a frame off resto on a 70 pontiac gto. Too bad it got completely totalled 6 months after it was done :flaming

[aris]

I'm working, never been not... Wife was let go, not me! lol

Oh my bad..i thought cause you were trying to sell your mazda and you sold you mustang i thought you werent working...and you were hard up for money...but since you are working go for it...and just park it until you can start working on it..

Good luck with what you decide:)

[Go_Habs_Go]

So, any updates on the car kevcol?!

[kevcol74]

Nope, no updates so far....
Here is the story, my dad's friend was talking to a guy, the guy was interested in my dad's friend's tractor, offered a trade. The friend wasn't interested, but told my dad about it, apparently a 69 Fastback thats been sitting for 20 years (in a garage, not actually a barn, thats a reference for this kind of find.
So the guy won't tell my dad where it is, he is worried that my dad will then spend all his time on the Mustang, when his friend wants him to do hi 67 Falcon in the spring. So my dad was going to set him straight on that, as I won't have the money to put into it right now, only in the future.
So, still waiting to hear what is next.... if anything. I'm not getting my hopes up too high. But, I will keep y'all posted, and post pictures of the find if it happens!

[3GFX]

What's your heart telling you? What do you want? ....if you need to take out an LOC it may not be the best choice, but you won't have regrets. When you're done you can always sell the car for more than you invested and make a profit.