This 1967 Ford Mustang would have been a potent beast in its prime. With a 390ci V8 under the hood, it was a pony car that offered muscle car performance. Much water has passed under the bridge since it rolled off the line, leaving this Mustang in desperate need of a total restoration. It won’t be for the faint-hearted, so why not take a close look to see if you are up for the challenge? The seller has listed this Ford here on eBay in Bohemia, New York. They set their price at $5,500 OBO, making it undeniably affordable.

The history of this Mustang is unknown, with the seller confirming that it is a “what you see is what you get” project candidate. Its Candy Apple Red paint and shredded Black vinyl top don’t make a great first impression, but those issues are the tip of the iceberg. The listing and supplied photos confirm that this baby needs floor pans and external steel, and there is a dent in the roof requiring attention. However, the rails and shock towers appear to have accumulated surface corrosion only, suggesting that while the grinder and welder will receive a workout during the build, this Ford is structurally sound. The shopping list will extend beyond replacement steel, with many of this classic’s exterior trim pieces beyond salvation.

I must award this Mustang top marks for consistency because its interior is as sad as its exterior. The Black vinyl trim has deteriorated beyond the point of no return, the pad is badly warped, and there are shreds of hanging headliner visible in several places. However, the essential components for a retrim are present, meaning that a kit costing around $2,000 would return this aspect of the Mustang to a factory-fresh state.

Modern vehicle manufacturers are focusing heavily on zero-emission vehicles, and this Mustang ticks that box. The seller confirms that it rolls and steers, but that the engine and transmission disappeared years ago. Therefore, if the buyer slips behind the wheel upon delivery, there won’t be any nasty greenhouse gases emanating from its exhaust! This classic blurs the line separating muscle and pony cars, courtesy of its original mechanical specifications. The first owner selected an S-Code 390ci V8, a three-speed automatic transmission, and power assistance for the steering and front disc brakes. The S-Code generated 320hp and 427 ft/lbs of torque, allowing the Mustang to storm the ¼-mile in 14.5 seconds on its way to 130mph. The lack of major drivetrain components will leave the buyer with decisions to make. Date-correct components should be easy to find, although some may find the lure of the restomod approach irresistible. It will be fascinating to gauge your feedback on the subject if you deem this a viable project.

We’ve seen some sad and sorry First Generation Mustangs over the years at Barn Finds, but we have also seen some that would appear to be lost causes dragged back from the brink by dedicated enthusiasts. This 1967 model requires that sort of attention, and the process will be neither cheap nor easy. However, if the buyer returns it to its factory specifications, it will provide a rewarding driving experience and command respect wherever it goes. Are you willing to take it on, or is there too much for you to cope with?