are classic early 60's mustang falling in values? if I modernize mine..would that secure my investment?

Question

I"m looking at an A code 66 coupe..already body work down..pony interior..disc brakes..i yet to check the vin and door plate..but.having all of the neccessary there.new appearing to be..engine is missiong..car interior need assembling..pony wheels..and dash..door panels and seats are new, body is white..new gt gas cap..trumpet dual, chrome seem new online pic..need motor..$2500;.i would 4 wheel disc brakes..lower A frame on suspenions for improve handling..reqr and front sway bard thicken..I wondered about power window and lock..and seat..tilt steering and rack and pinion..could any of this..be out of thunderbird (wiring, fitting..motors..since these 80/90's are darn cheap. yet..expert about the fuse box installation..from there..jsut plug them all in. seats are really easy..the power windo and lock..have to think on location..of switch..just thinking outloud. like them custom cars tv shows..when they do 500HP motors..I'm content with 300plus..i like MPG..cruixing around. thank 4 help

Answer 1

the more orignal you keep the mustang the more its worth... not changing it, will all depend on what u change and how much it cost to change it....keep track on how much u spend and then sell it based on that

Answer 2

Mustang values are not going to drop sharply, if anything over time they will keep inching up. Most of the modifications you are thinking of doing are reversible, so go ahead, have fun. The '66 A code wasn't particulary rare. If it was a K code I would say keep it stock, but it's a '66 coupe, really those are a dime a dozen, they produced so many of them from '65-'66. Keep the classic lines of the car, but update it to make it safer and better handling for today's driving.
As for the rack and pinion, the only ones I have seen adapt a '74-'78 Mustang II R&P, and these are mostly bolt in as well. Have fun with your car, and as long as you don't make modifications that permanently alter the vehicle you are okay value wise.
Most Mustang values are gonna level out, exceptions being performance models (Boss 302, Boss 429, Machs, Shelbys, etc).

Answer 3

All cars depreciate in value, unless you are sitting on a 68 Shelby Mustang. To modernize a car would take a lot of money and wouldnt necessarily secure your investment. Once you start to modernize a car, trying to resell it could be tough because you have to find a buyer that sees your car and your style appealing. My best advice would be to restore the car the cheapest way possible that would make it enjoyable to YOU. You could dump 65 grand into a restoration, but only be bale to get 35000 out of it. See my point? Sometimes putting tons of money into a car isnt the best way to go in the long run. Make YOUR car appealing to YOU.

Answer 4

Prices on all 60s muscle cars are inflated right now, especially the Mustang and Camaro. With all the baby boomers out there building Shelby clones, originals are raising in price.

Answer 5

Classic car prices are pretty steady right now, but be careful. It's real easy to get over invested in a early Mustang coupe.

Answer 6

When restoring a car like the one you've described keep in mind your goal- are you going to keep it or are you going to sell it? If you're going to keep it, then change whatever you want until you are happy with it. It sounds like you have a game plan for it. If you're going to sell it, then restoring it as close to original would probably earn you more money on the other end- especially if you have any of the original vehicle documents.