Elite Dealer

1962 Ford Fairlane 500

Michigan

$8,995

Vehicle Details

Make

Ford

Model

Fairlane 500

Year

1962

Mileage

78,000 miles

Body Type

Coupe

Transmission

Manual

Drivetrain

RWD

Fuel Type

Gasoline

Engine

221 CI V8 with a three speed manual transmission

Condition

Fair

Description

Rare first-year 1962 Ford Fairlane 500 coupe with genuine 221 CI V8 and three-speed manual transmission converted to floor shift. This is the Fairlane's debut as a standalone model, making it a significant piece of Ford history. The engine runs strong and drives well with a solid clutch; the shifter just needs minor adjustment.

Original tan paint remains visible beneath patina. Glass is excellent and tires are good. The car shows honest wear with rust in the floorboards and trunk, plus the right rear quarter requiring repair.

Floor pans and suspension components have received recent attention including new battery, carburetor service, and rear shocks ready for installation. A bonus Ford underdash A/C unit and assorted extra parts are included. This is an ideal candidate for restoration or restomod work with tremendous potential and minimal investment required to get back on the road.

Ford Fairlane 500 Buyer's Guide

Full guide

Mike Sullivan

Muscle Cars

1957–1970

~3 min read

Updated Apr 2026

The Ford Fairlane 500 started as a full-size cruiser and evolved into a genuine muscle car contender — giving buyers a unique mid-size platform that could be built for style, comfort, or straight-line speed depending on the year and options chosen.

This guide covers

✓ 9-point inspection checklist

✓ Common issues & what to avoid

✓ In-person inspection guide

✓ Market pricing by year & condition

✓ 5 FAQs answered

✓ History & fun facts

Read the Full Fairlane 500 Buyer's Guide

Ford Fairlane 500 Market Overview

Based on 32 Ford Fairlane 500 listings currently on ClassicCarsArena.com

Listed Now

$49,338

Avg. Asking Price

1957–1969

Year Range

Price Position on Our Site — Below Average

This car: $8,995

Low: $8,995 High: $550,000

Transmission Distribution

Automatic 69%

Manual 13% ◄

Condition Distribution

Excellent 9%

Good 13%

Fair 3% ◄

Data from ClassicCarsArena.com listings Browse all 32 listings →

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What is this car worth?

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Ford Fairlane 500 Buyer's Guide

The Fairlane 500 is one of the most underrated nameplates in American automotive history. It started life in 1957 as the top trim of Ford's full-size lineup, evolved into a mid-size platform in 1962, and by the mid-1960s was available with big-block power that made it a genuine muscle car — all before the GTO made mid-size performance fashionable.

I'm Mike Sullivan, and the Fairlane 500 has always been on my radar as a value play in the classic car market. These cars have the bones, the power options, and the styling to compete with anything from the muscle car era, but they haven't historically commanded the premiums of a Chevelle or a Buick GS. That's been changing, and buyers who got in early have done well.

What to Check Before Buying

✓

Door Tag / Build Sheet — Decode the door tag to verify original engine, transmission, and color codes before paying big-block prices.

✓

Engine Stamp — Check the engine stamp code — verifiable against factory records to confirm original or replacement engine.

✓

Lower Quarter Rust — Inspect lower rear quarters and trunk pan — probe with a pick, not just visual examination.

✓

Floor Pan Integrity — Check floors from underneath for rust perforation, particularly at the rocker panel welds.

✓

Fastback Sail Panel — On fastback models, check where the roofline meets the sail panel — water collects here and causes hidden rust.

✓

FE Engine Condition — Check for cracked exhaust manifolds, oil leaks at the rear main seal, and smooth idle without misfiring.

✓

Transmission Performance — Test the automatic or 4-speed manual for smooth shifts and no slipping — C6 rebuilds run $1,500–$2,500.

✓

Brake System — Verify dual-circuit master cylinder on 1967+ cars — single-circuit pre-1967 cars should ideally be upgraded.

✓

Hood Alignment — Check hood and front fender alignment — uneven gaps indicate previous front collision work.

Common Issues

Lower rear quarter rust on unibody structure — expensive to repair correctly. Floor pan perforation, especially in the footwells. Trunk floor rust around the spare tire well. Incorrect drivetrain swaps (misrepresented as big-block cars). Cracked exhaust manifolds on 390/428 FE engines from heat cycling. Worn out C4 or C6 automatic transmission — common on cars with performance-driving history. Brake master cylinder deterioration on pre-1966 single-circuit systems.

What to Look For

Verify drivetrain authenticity via the door tag and engine stamp codes before committing to a big-block premium. Inspect the lower rear quarter panels and trunk floor for rust — these are structural on the unibody. Check the floor pans from underneath and probe the rocker panels. On fastback body styles, inspect the sail panel area where the roofline meets the quarter panel — water collects here. Verify the 1968–1969 models don't have replaced hood or front sheet metal from poor collision repairs. Check the VIN and title for potential title washing.

Price Guide

1957–1961 full-size Fairlane 500 in driver condition: $12,000–$22,000. 1962–1965 mid-size: $8,000–$16,000. 1966–1969 standard small-block drivers: $12,000–$20,000. 1966–1969 documented 390ci big-block cars: $20,000–$35,000. 1968–1969 documented 428 Cobra Jet cars: $35,000–$60,000. Fastback body styles command 15–25% premium over hardtops. GT models add significant premium.

Did You Know?

The 1966 Fairlane was actually available with a 427ci race engine through select Ford dealers — making it one of the fastest street cars sold in America that year, years before most people associated "muscle car" with mid-size platforms. The Fairlane name derived from Fair Lane — the name of Henry Ford's personal estate in Dearborn, Michigan, now a National Historic Landmark. The 1969 Fairlane Cobra with a 428 Cobra Jet ran the quarter mile in the low 14-second range — quicker than many dedicated sports cars of the period.

Elite Dealer

$8,995

1962 Ford Fairlane 500

Michigan

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