Make Your Coupe a Fastback: Selecting the Best Coupe for Your Dream Build | lostsocketgarage.com

Summary

In this informative video, the host dives into the process of evaluating classic Mustangs for conversion from coupes to fastbacks, breaking down costs and essential inspections. They analyze three different Mustangs, highlighting the significance of budgeting for metalwork, interiors, and paint jobs while emphasizing the importance of inspecting structural components like frame rails and torque boxes. The discussion underscores that the condition of the car impacts its resale value and overall viability for conversion. Viewers are encouraged to assess their goals and budget carefully, ensuring they make informed decisions on their classic car purchases.

Takeaways

• 😀 Thoroughly inspect the car's condition using tools like a magnet and flashlight to identify potential issues.
• 💰 Establish a clear budget for conversion costs, factoring in expenses for paint, metal work, and interior components.
• 🚗 Different model years of Mustangs have varying costs; for example, a 1966 Mustang might be more expensive than a 1967 or 1968.
• 🔧 Key components to focus on during inspection include frame rails, torque boxes, and floor pans, which are expensive to repair.
• 📈 The current market for classic Mustangs indicates that 1965 and 1966 models are selling for lower prices than later models.
• ⚖️ Assess the overall financial viability of the vehicle; sometimes the worst-looking car can be the best deal financially.
• 📝 Determine your end goals regarding performance upgrades and aesthetic modifications before purchasing.
• 🔍 Be aware of the resale potential of classic cars; some conversions may yield higher resale values than others.
• 📧 Seek professional advice when unsure about the condition of a car; consulting experts can save time and money.
• 🌟 Always pursue your passion for classic cars and enjoy the restoration journey; remember to engage with the community for support.

Q & A

What are the three Mustang models discussed in the video?

The video discusses a 1966 Mustang, a 1968 Mustang, and a 1967 Mustang.

Why is the 1966 Mustang considered the most expensive option despite being in good condition?

The total estimated conversion cost for the 1966 Mustang is around $48,600, making it the most expensive option due to additional work required for the fastback conversion.

What factors contribute to the cost of the 1968 Mustang?

The 1968 Mustang had a purchase price of approximately $113,000 and a conversion charge of $137,000, with minimal metal work required, resulting in a total estimated cost of around $40,300 for a daily driver.

What is the estimated total cost for converting the 1967 Mustang?

The estimated total cost for converting the 1967 Mustang is approximately $33,500, making it the most financially viable option despite its worse appearance.

What should buyers consider when evaluating the condition of a classic car?

Buyers should use tools like magnets and flashlights to inspect for hidden issues such as frame rail damage, torque box conditions, and rust. These factors are crucial to determining the overall condition and potential repair costs.

How does the resale value of the 1965 and 1966 Mustangs compare to the 1967 and 1968 models?

The 1965 and 1966 fastbacks are currently selling for less compared to the 1967 and 1968 models, which generally have a higher resale value despite the 1966 being in better condition.

What types of repairs are considered manageable compared to more significant issues?

Manageable repairs include rusted quarter panels and small body work, while significant issues involve damaged frame rails and torque boxes, which are labor-intensive and costly to fix.

What additional services does the speaker offer to potential car buyers?

The speaker offers assistance in evaluating potential car purchases, sourcing vehicles, and performing inspections to help buyers make informed decisions.

What advice does the speaker give regarding vinyl tops on classic cars?

The speaker dislikes vinyl tops and prefers to cut them off, suggesting that rusted vinyl tops are less concerning compared to structural issues.

What does the speaker suggest doing if you have questions about a specific car purchase?

The speaker encourages viewers to reach out via email to ask questions or send pictures for evaluation, particularly if they are unsure about the condition of a coupe.