Find Your Dream '67 Mustang GT500: A Buyer's Guide

Are you dreaming of owning a classic piece of American muscle? The 1967 Ford Mustang GT500 is an iconic car that represents a pinnacle of automotive design and performance. Finding one "for sale" can be a thrilling yet challenging endeavor. This comprehensive guide will walk you through everything you need to know about purchasing a 1967 Mustang GT500, from identifying potential cars to navigating the buying process.

Owning a '67 GT500 is more than just acquiring a car; it's about owning a piece of history and a symbol of raw power. In this article, we'll dive deep into the details, helping you make an informed decision and ultimately, driving off into the sunset in your very own Shelby GT500.

Why the 1967 Mustang GT500 is a Collector's Item

The 1967 Shelby GT500 holds a special place in automotive history. It was the first model year for the GT500, instantly making it a highly sought-after car. Built by Shelby American, the GT500 offered a significant upgrade over the standard Mustang, both in terms of performance and aesthetics. The car’s aggressive styling, powerful engine options, and racing pedigree made it an instant hit with enthusiasts.

Key Features and Specifications:

• Engine: 428 cubic inch V8 engine producing around 355 horsepower.
• Transmission: Typically a 4-speed manual, though some automatic transmissions were available.
• Exterior: Distinctive Shelby modifications, including a fiberglass hood, front fascia, rear spoiler, and unique stripes.
• Interior: Special Shelby gauges, wood-rimmed steering wheel, and other unique trim elements.

These features, combined with the car's limited production numbers, make the 1967 GT500 a highly desirable collector's item. The '67 GT500 set the bar high and continues to be a favorite among car collectors today.

Where to Find a 1967 Mustang GT500 for Sale

Finding a 1967 Mustang GT500 for sale requires a strategic approach. Several avenues can lead you to your dream car, each with its own advantages and potential pitfalls.

Online Marketplaces

Websites like Hemmings, ClassicCars.com, eBay Motors, and Bring a Trailer are great starting points. These platforms often have a wide selection of classic cars, including GT500s. Be prepared to filter your searches extensively to find specific years, conditions, and prices. Ensure you thoroughly research the seller's reputation and the car's history before committing.

Classic Car Dealers

Specialized classic car dealers are experts in the field and often have GT500s in their inventory. Dealers can provide detailed information about a car's history, condition, and any restoration work that has been performed. They may also offer warranties or inspection services, providing an extra layer of assurance. However, be aware that dealer prices can be higher than those found in private sales.

Auctions

Auctions, both online and in-person, are another way to find a 1967 Mustang GT500 for sale. Mecum Auctions, Barrett-Jackson, and RM Sotheby's are well-known auction houses that frequently feature high-value classic cars. Auctions can be exciting, but they also require careful preparation and a clear understanding of your budget.

Private Sales and Car Clubs

Private sales and car clubs can provide access to vehicles not listed elsewhere. Car clubs, in particular, are excellent resources, as members often know of cars for sale or can provide valuable insights. Attending car shows and classic car events can also lead you to potential sellers and give you the opportunity to see cars up close.

What to Look for When Buying a 1967 Mustang GT500

Before you buy a 1967 Mustang GT500, a thorough inspection is critical. The following aspects should be carefully examined:

Vehicle History and Documentation

Request a vehicle history report from a service like AutoCheck or Carfax to check for accidents, title issues, and other potential problems. Ensure that the car's documentation, including the original build sheet, is complete and matches the car's specifications.

Body and Paint

Inspect the body for rust, dents, and signs of previous repairs. Check the door gaps and panel alignment to ensure the car hasn't been in a major accident. Examine the paint for color matching, imperfections, and signs of fading.

Engine and Mechanicals

Have a qualified mechanic inspect the engine, transmission, brakes, suspension, and other mechanical components. Check for leaks, unusual noises, and proper operation. Consider a compression test to assess the engine's health.

Interior and Trim

Inspect the interior for wear and tear, and ensure the seats, dashboard, and other components are in good condition. Verify that all gauges, lights, and electrical systems are working correctly. Check the authenticity of the trim elements, such as the steering wheel and shift knob.

The Importance of a Pre-Purchase Inspection

In our experience, a pre-purchase inspection by a qualified mechanic who specializes in classic cars is one of the most important steps in the buying process. This inspection can reveal hidden problems and provide valuable insights into the car's condition. It may save you significant time and money in the long run. — WVU Vs. Colorado: Game Day Showdown

The Cost of a 1967 Mustang GT500: What to Expect

The price of a 1967 Mustang GT500 can vary significantly based on its condition, originality, and provenance. Here’s a general overview of what you can expect:

Factors Influencing the Price

• Condition: Cars in pristine, original condition command the highest prices.
• Originality: Matching numbers cars (with the original engine and transmission) are more valuable.
• Provenance: Cars with a known history, such as those owned by celebrities or used in movies, can be extremely valuable.
• Restoration Quality: The quality of any previous restoration work affects the price.

Price Ranges

• Concours Condition: Pristine, show-quality cars can sell for upwards of $250,000 or more.
• Excellent Condition: Well-maintained cars in excellent condition typically range from $150,000 to $250,000.
• Good Condition: Cars that are in good, but not perfect, condition may sell between $100,000 to $150,000.
• Restoration Projects: Cars needing restoration can be found for prices starting around $75,000, but the cost of restoration should be factored in.

Budgeting for Additional Costs

When budgeting for a 1967 Mustang GT500, remember to include additional costs such as transportation, insurance, maintenance, and potential repairs. These expenses can add up quickly.

Negotiating the Purchase of a 1967 Mustang GT500

Negotiating the purchase price is a crucial part of the buying process. Here are some tips to help you get the best deal:

Research the Market

Before you start negotiating, research the current market values for similar GT500s. Knowing the average price range will give you a strong bargaining position.

Be Prepared to Walk Away

Set a maximum price and be prepared to walk away if the seller isn't willing to meet your terms. This can give you leverage during negotiations.

Highlight Flaws

Identify any flaws or issues with the car and use them to justify a lower offer. Point out any areas that need repair or restoration.

Consider the Seller's Motivation

Try to understand the seller's motivation for selling. Are they in a hurry to sell? Do they need the money? This can give you an edge in negotiations.

Maintaining Your 1967 Mustang GT500

Once you own a 1967 Mustang GT500, proper maintenance is crucial to preserve its value and ensure years of enjoyment. — Boredom Busters What To Do When You're Bored

Regular Maintenance Tasks

• Oil Changes: Regular oil changes are essential to keep the engine running smoothly.
• Fluid Checks: Regularly check and top off fluids, including coolant, brake fluid, and power steering fluid.
• Brake Inspection: Have the brakes inspected regularly and replace worn components as needed.
• Tire Rotation: Rotate the tires to ensure even wear and extend their life.

Finding a Reliable Mechanic

Finding a mechanic who specializes in classic cars is crucial. They will have the expertise to properly maintain and repair your GT500. Ask for recommendations from car clubs or other classic car owners. — Carlos Santana: Baseball Career Overview

Storing Your GT500

Proper storage is essential to protect your GT500 from the elements. If you can't store the car in a garage, consider using a car cover. Climate-controlled storage can help protect the car from temperature and humidity fluctuations.

1967 Mustang GT500: Frequently Asked Questions

Here are some common questions prospective buyers have:

How do I verify the authenticity of a 1967 Shelby GT500?

Verifying authenticity is critical. Check the Shelby American Registry, the original build sheet (if available), and the VIN to ensure it matches Shelby specifications. In addition, consult with classic car experts or appraisers.

What are the common problems with the 1967 Mustang GT500?

Common issues include rust, mechanical failures related to the age of the components, and electrical problems. A thorough inspection can help identify potential issues before purchase.

How much does it cost to restore a 1967 Shelby GT500?

The cost of restoration varies depending on the car's condition and the scope of work. A full restoration can easily cost upwards of $100,000, and often more.

Where can I find parts for my 1967 Shelby GT500?

Several vendors specialize in classic Mustang and Shelby parts. NPD (National Parts Depot) and CJ Pony Parts are examples of companies that offer a wide range of parts and accessories. Car clubs and online forums can also provide leads.

Is a 1967 Shelby GT500 a good investment?

Yes, the 1967 Shelby GT500 can be a good investment if purchased and maintained properly. The car's rarity, historical significance, and increasing collector value make it an attractive option. However, consult with financial advisors before making any investment decisions.

What are some must-have features in a 1967 Shelby GT500?

Look for a matching numbers car with a well-documented history. Originality is a significant factor in a classic car's value. Features like the original engine, transmission, and interior components enhance desirability.

Conclusion: Your Journey to Owning a '67 GT500

Buying a 1967 Ford Mustang GT500 is a significant undertaking, but the reward—owning a legendary piece of automotive history—is well worth the effort. By following this guide, researching thoroughly, inspecting meticulously, and seeking expert advice when needed, you can increase your chances of finding and acquiring the GT500 of your dreams.

Take your time, enjoy the process, and remember that with careful planning and a passion for classic cars, you can soon be behind the wheel of one of the most iconic vehicles ever made. Start your search today and get ready to experience the thrill of the road in a timeless masterpiece.