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1965 vs. 1966 GT350 purchase

Discussion in '1965-1970 Shelby Mustang GT350 & GT500' started by ShelbyLuva, Oct 28, 2008.

  1. Oct 28, 2008 #1
    ShelbyLuva

    ShelbyLuva Well-Known Member

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    I know these cars fairly well and am ready to purchase one. I am considering a driver quality '65 (maybe a #3 car), decent paint, black undercarriage, R-model mods including roll bar and wheels, and an incorrect engine/tranny. No rust CA car, but had 1/4's replaced due to flares. About 165K.

    I am also considering a much nicer red '66 4 speed. Correct, correct, and a lot nicer car. About 125K.

    I'm interested to hear from y'all regarding which is a better purchase and will have better growth potential. The much rarer '65 or the much nicer '66. I'm not in this for the money, but I do like to work my way up with cars.
     
    ShelbyLuva, Oct 28, 2008
    ShelbyLuva, Oct 28, 2008
    #1
  2. Oct 28, 2008 #2
    shelby6t5

    shelby6t5 Well-Known Member

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    How correct is the 65? (besides what you mention)

    Mike.
     
    shelby6t5, Oct 28, 2008
    shelby6t5, Oct 28, 2008
    #2
  3. Oct 28, 2008 #3
    ShelbyLuva

    ShelbyLuva Well-Known Member

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    1965 GT350:

    Wrong block, toploader, wrong carb/intake, wrong wheels, missing spare, 4 point roll bar welded with package tray cut for rollbar, oil cooler addition, one wrong seatbelt.

    Correct steering wheel, guages, oil pan, valve covers, export, monte-carlo, sway bar, rear end, original VIN tag, rear battery setup.
     
    ShelbyLuva, Oct 28, 2008
    ShelbyLuva, Oct 28, 2008
    #3
  4. Oct 29, 2008 #4
    SFM6S2015

    SFM6S2015 Well-Known Member

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    Go for the 65. I could have bought 5S032 when I bought my 66. 032 was orange with a auto and needed a complete resto. Excuse me I need to go kick my butt! You say "black undercarraige" like it's a bad thing. Early 65s had a black undercarraige. Just my $2.

    Larry
     
    SFM6S2015, Oct 29, 2008
    SFM6S2015, Oct 29, 2008
    #4
  5. Oct 29, 2008 #5
    vernonestes

    vernonestes Well-Known Member

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    Here is your way to solve this debacle....find a 66 carry over at the halfway point conditionwise........:thumbsup:

    Best of Luck with the Buy,
    Vern
     
    vernonestes, Oct 29, 2008
    vernonestes, Oct 29, 2008
    #5
  6. Oct 29, 2008 #6
    Snakepit

    Snakepit Well-Known Member

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    More related IMHO to when they were built at Ford than an straight early/late thing. Real early ones were the typical red oxide. There appears to be an approx six week period at San Jose that used the black instead of the red oxide epoxy primer/sealer

    ShelbyLuva - As for the which car question - what are your plans for the car when finished? Are you planning on driving, tracking, showing or as an "investment" ?
     
    Snakepit, Oct 29, 2008
    Snakepit, Oct 29, 2008
    #6
  7. Oct 29, 2008 #7
    ShelbyLuva

    ShelbyLuva Well-Known Member

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    Driving, showing locally, and investment. Multi-purpose!

    What do you guys think of the relative values of each? I know what they are advertised for, I know what the price guides say, I mean to ask which is a better deal. This question is from the investment side of the equation, after all, money can be made when you buy and not just when you sell.
     
    ShelbyLuva, Oct 29, 2008
    ShelbyLuva, Oct 29, 2008
    #7
  8. Oct 30, 2008 #8
    zrayr

    zrayr Well-Known Member

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    if you have 165K to drop on a '65, don't. USe it for a down payment, borrow the rest, and get a 289 Cobra.


    Z. Ray
     
    zrayr, Oct 30, 2008
    zrayr, Oct 30, 2008
    #8
  9. Oct 30, 2008 #9
    ShelbyLuva

    ShelbyLuva Well-Known Member

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    289 Cobra is what I meant by "working my way up." Unfortunately, there has been a recent spike in their value. I don't have that kind of cash and am not willing to borrow enough to do that...yet. I do love the cars, I'm not in it for the money, but I have a goal and need to make good choices to see it become reality.

    I also don't have a crystal ball as to whether to hold off on my '65-'66 purchase to see if things shake out more, but I don't expect anyone else to either.
     
    ShelbyLuva, Oct 30, 2008
    ShelbyLuva, Oct 30, 2008
    #9
  10. Oct 31, 2008 #10
    BillH

    BillH Well-Known Member

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    IMHO, go for the 65.
     
    BillH, Oct 31, 2008
    BillH, Oct 31, 2008
    #10
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  11. Oct 31, 2008 #11
    67GT500#2100

    67GT500#2100 Shelby Forums Pit Crew

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    I personally have wanted a 65 since I was a kid. They always seem to be just out of reach. Both sound like good cars in different ways. I don't think you could go wrong with either one, I just prefer the 65, original engine or not.
     
    67GT500#2100, Oct 31, 2008
    67GT500#2100, Oct 31, 2008
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  12. Oct 31, 2008 #12
    1175

    1175 Well-Known Member

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    I think you would have regrets not buying the 65. Your financial situation must be considered however. The missing parts plus the cost to restore could add up quick, not to mention the initial purchase price. If you can swing it, I would go for the 65.
     
    1175, Oct 31, 2008
    1175, Oct 31, 2008
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  13. Nov 3, 2008 #13
    66shelbynz

    66shelbynz Well-Known Member

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    if you enjoy the challenge..... go with the '65 :thumbup:
     

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    66shelbynz, Nov 3, 2008
    66shelbynz, Nov 3, 2008
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  14. Nov 5, 2008 #14
    shelbnut

    shelbnut Active Member

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    In 1981 I sold a Mustang Convertible to buy a '66. At that time not many
    65's were available. Nice 65's were going for 3-5K more 66's. A friend of mine offered me his '65 for $1500 more than a '66 I was looking at. The '65 was a nice car and the '66 was very, very nice low mileage car. Bought for the '65 and to this day have never regretted it.
    Bottom line is buy what will make you happy in the long run (and within your budget).
     
    shelbnut, Nov 5, 2008
    shelbnut, Nov 5, 2008
    #14
  15. Nov 7, 2008 #15
    ShelbyLuva

    ShelbyLuva Well-Known Member

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    quarter panel replacement change to desirability

    On 65's and 66's, what value adjustment do you guys make for quarter panel replacement vs. all original metal intact?
     
    ShelbyLuva, Nov 7, 2008
    ShelbyLuva, Nov 7, 2008
    #15

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