The Cost of a 1967 Ford Mustang Fastback in 2015: How Much Was It Then?
When considering the cost of a 1967 Ford Mustang Fastback in 2015, there are a multitude of variables that affect its value. This range can span from a few thousand dollars to hundreds of thousands, depending on the specific details of the vehicle, its condition, and the level of restoration or upgrades performed. Let’s delve deeper into these factors to understand the complexities involved.
Restoration and Its Impact
The state of restoration significantly impacts the cost of a 1967 Ford Mustang Fastback. There are two primary categories: restored to factory stock and modified or upgraded. High-end restorations can run into the hundreds of thousands of dollars, while basic low-end restorations might be in the tens of thousands. These prices can vary greatly depending on the level of restoration, with rotisserie restorations being a subset of high-end restorations that can cost even more.
In the category of restored Mustangs, the level of restoration plays a crucial role. A high-end restoration, one that includes intricate details and can cost hundreds of thousands of dollars, focuses on perfection. This includes restoring every component to its original specifications, often requiring extensive labor and high-quality parts. Conversely, a basic low-end restoration may only involve key elements, ensuring the Mustang looks and functions well without the extreme expense.
Original Factory Options
The original options selected when the car was built also influence its value. Collectors often seek rare and unique combinations, driving up the price due to demand. A car with advanced options and subsequent desirability may command a higher price, while a basic low-option car may not fetch as high a price. Understanding these options and their impact on the car’s value is key to determining its worth.
Upgrades and Modernization
Attempting to modernize a 1967 Mustang Fastback can significantly affect its value. Upgrades such as an upgraded suspension, performance engine, new transmission, heavy-duty rear end, and modern additions like air conditioning, new window seals, and more can push the price into the hundreds of thousands of dollars range. These improvements can make the car drive better and be more comfortable, aligning it with modern driving standards.
Smaller, milder performance and comfort upgrades, however, generally keep the price under $100,000. For instance, installing an upgraded suspension, a more powerful engine, and adding air conditioning can be cost-effective upgrades that enhance the car's driving characteristics without breaking the bank. Such alterations ensure the car remains a desirable and enjoyable ride, even beyond its original era.
Rehabilitation and Savings
For those looking to own a 1967 Ford Mustang Fastback without the high costs associated with complete restoration, there is a middle ground in the cost spectrum. Cars that need rehabilitation can be found for a few thousand dollars and up, depending on their condition. Restorations of varying degrees can often be completed for a more affordable price if the budget is more moderate, making the car more affordable for enthusiasts with a limited budget.
In conclusion, the cost of a 1967 Ford Mustang Fastback in 2015 is a nuanced and multifaceted issue influenced by numerous factors, including restoration quality, original factory options, and the level of modernization. Understanding these variables is crucial for anyone considering the purchase or restoration of this classic vehicle.