You can get a 1964½-66 convertible for less than $25,00 but you will have to settle for a six-cylinder. (Photo: Hagerty)
In the run up to the big 50th anniversary of the Mustang, prices of the classic first version of the Mustang, the 1964½ (technically a 1965 model) through 1966, have been moving up. The best convertibles and fastbacks with the highest horsepower engines can bring well over $65,000 and there has been renewed interest in vintage Mustangs of all years. All isn’t lost however for the Mustang collector on a budget. Here are five of our favorites that you can still afford:
1. 1964½-66 Convertible (six cylinder)
If you simply must have the first version of the Mustang in a convertible and have $25,000 or less to spend on a nice one, well then you’re likely to have to settle for the six-cylinder model instead of the 260 or 289 V-8. And the six of the ’60s was nothing like today’s 300-plus hp base V-6. Nope, the 200-cubic-inch straight-six was good for just 120 hp, so performance was leisurely at best. No matter; the six still looked great.
Read More »