Bargain Buy – Saddle up the Pony

Bargain Buy – Saddle up the Pony

The Ford Mustang was one of the most important cars of its generation, the original Pony car. It hit the showrooms in 1964 and sold 1.5 million units in the first two years. Nothing else came close at the time and they still look amazing today. But the best looking Mustang of all had to be the Fastback and we have one up for auction tomorrow. This 1965 Mustang Fastback is from the first year of fastback production. It has the 289 V8 with classic T-bar shifter and black interior. It may not be fast by today’s standards and the handling and brakes may not stack up that well against a modern sports coupe but its looks alone are untouchable.

But how about value for money? Well the auction estimate is $21,500 – $23,500, so roughly the price of a new Toyota Yaris. In three years the Yaris will be worth around $6,000 while the Mustang will probably have gone up in value. And then there’s this: a 1965 Mustang Fastback is possibly one of the most rock and roll cars of all time, the Fender Stratocaster of cars if you like. So if you were to buy a 1965 Fender Stratocaster today, you’d pay around $20k. That’s ten times the price of a new one. So surely, if a new Mustang costs $60k then this ‘65 model must be worth in the area of half a million dollars. That’s why it’s the bargain of the week.

The auction is tomorrow (10th Sept) at Turners Tauranga.

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