Elite Dealer

1965 Ford Mustang

$59,965

1965 Ford Mustang

Vehicle Details

Make

Ford

Model

Mustang

Year

1965

Mileage

50,100 miles

VIN

5R09C137740

Body Type

Other

Fuel Type

Gasoline

Engine

289

Description

1965 Ford Mustang Fastback, 289 H.O. V8, 4-Speed Manual, Factory A/C, Rally-Pac, Desirable 2+2 Fastback The 1965 Ford Mustang Fastback is one of the most iconic American muscle cars ever built, and this beautiful example captures everything enthusiasts love about the first-generation Mustang. Featuring the highly sought-after Fastback body style, a 289 H.O.

V8, a 4-speed manual transmission, and desirable factory options, this Mustang is the kind of car that continues to appreciate while delivering an unforgettable driving experience. Finished in an eye-catching Red exterior over a Black Bucket Seat Interior, this Mustang has the timeless look that has made the 1965 Fastback one of the most collectible classics on the market today. The paint presents well overall and gives the car outstanding curb appeal, although there are some noticeable cosmetic imperfections that should be expected and are reflected in the car's honest presentation.

It remains a beautiful driver-quality Mustang that can be enjoyed immediately. Under the hood is the legendary 289 High Output V8 Engine paired with a desirable 4-Speed Manual Transmission, providing the kind of spirited performance that helped establish the Mustang as an American performance icon. Whether you're rowing through the gears on a winding back road or heading to your local cruise night, this Mustang delivers the sound, feel, and excitement that only a classic V8 pony car can offer.

This Mustang is equipped with the desirable 2+2 Fastback Package and features the iconic Fold-Down Rear Seat, allowing additional cargo space while maintaining the sporty Fastback design that collectors love. Additional factory options include Factory Air Conditioning and the highly desirable Rally-Pac Instrument Cluster, a feature that adds both style and functionality to the interior. The air conditioning system is currently not blowing cold and may require service to restore proper operation.

Inside, the Black Bucket Seat Interior is classic Mustang through and through. The driver-focused cockpit, sporty center console area, and Rally-Pac gauges create an authentic 1960s muscle car atmosphere that is both comfortable and exciting. One of the best parts of this Mustang's story is its history of long-term care.

It has spent years in a private collection where it was regularly maintained and serviced. As part of its preparation for its next owner, the car is scheduled to receive another service, giving buyers added confidence before taking delivery. Features Include: 289 High Output V8 Engine 4-Speed Manual Transmission Desirable 2+2 Fastback Factory Air Conditioning (Currently Not Blowing Cold) Factory Rally-Pac Fold-Down Rear Seat Red Exterior Black Bucket Seat Interior Long-Term Private Collection Ownership Regularly Maintained Scheduled for Fresh Service The 1965 Mustang Fastback continues to be one of the hottest collector cars in the market, and for good reason.

Its timeless styling, excellent parts availability, enjoyable driving characteristics, and strong investment potential make it one of the smartest classic car purchases available today. Whether you're looking for a weekend cruiser, a local show car, or a solid investment-grade Fastback to enjoy and improve over time, this 1965 Ford Mustang offers all the right ingredients. With its desirable 289 H.O.

V8, 4-speed manual transmission, factory Rally-Pac, fold-down rear seat, and unmistakable Fastback styling, this Mustang is ready to create new memories with its next owner. Don't miss the opportunity to own one of Ford's most legendary performance cars. While we do our best to provide the highest quality muscle cars with an honest and reliable description and realize the importance of transparency when selling vehicles.

That being said, we have not built, modified, changed or personally owned this vehicle. Whether this vehicle is consigned or owned by Past & Present Motor Cars we do not know the vehicles complete history since new. We want to be clear and try to answer any questions our customers might have prior to purchasing.

Additionally, we not only welcome but we encourage 3rd party independent inspections. Please inquire prior to purchase to make sure the advertised vehicle has not already been sold. We list our vehicles on multiple websites and a vehicle can sell at any time.

If a customer chooses to purchase sight unseen (many of our customers choose this option) the customer accepts the vehicle AS IS and WHERE IS and understands we cannot address concerns after purchase. For this reason, it's important all concerns are addressed prior to purchase. We make every effort to present accurate and reliable information, but use of this information is voluntary, and should only be deemed reliable after an independent review of its accuracy, completeness, and timeliness.

It is the sole responsibility of the customer to verify the existence of options, accessories and the vehicle condition before time of sale. Financing is Available with low rates and Vehicle Shipping is available from our Showroom to your Garage. A Classic Car Warranty is Available for Purchase from a 3rd Party.

Please speak to our Sales Associate or Company Representative for more information. Our team is working and available anytime by Phone or Text for your convenience at 407-559-7759. Thank you for your interest!
Trim: 289 H.O.

V8, 4-Speed Manual, Factory A/C, Rally-Pac, Desirable 2+2 Fastback

Classic Ford Mustang Buyer's Guide

Full guide
M
Mike Sullivan
Muscle Cars
1964–1973
~5 min read
Updated Apr 2026
The definitive buyer's guide for classic Ford Mustang 1964½-1973. Generation breakdown, rust hotspots, engine code identification, Marti Report essentials, and current market pricing.
This guide covers
✓ 10-point inspection checklist
✓ Common issues & what to avoid
✓ In-person inspection guide
✓ Market pricing by year & condition
✓ 6 FAQs answered
✓ History & fun facts

Ford Mustang Market Overview

Based on 502 Ford Mustang listings currently on ClassicCarsArena.com

502
Listed Now
$38,705
Avg. Asking Price
1964–2012
Year Range
Price Position on Our Site — Above Average
This car: $59,965
Low: $3,000 High: $284,995
Transmission Distribution
Automatic 51%
Manual 33%
Condition Distribution
Excellent 10%
Good 9%
Fair 3%
Poor 0%
Data from ClassicCarsArena.com listings Browse all 502 listings →
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Classic Ford Mustang Buyer's Guide

The Ford Mustang launched on April 17, 1964 and sold a million units faster than any car in American history. Sixty years later, the first-generation Mustang (1964½-1973) remains the cornerstone of the classic car hobby — the gateway car for new collectors, the trophy car for veteran enthusiasts, and the most cloned, faked, and re-stamped muscle car on the market. Whether you're hunting a base inline-six coupe or a documented Boss 429, knowing what separates the real cars from the tribute builds is the difference between an investment and a money pit.

What to Check Before Buying

Verify VIN against data plate and engine casting — Fifth digit of VIN = engine code. Cross-reference with block casting number behind cylinder head.
Order Marti Report for any 1967+ car over $30K — Ford's original production records via Marti Auto Works. $25 confirms what the car actually was when it left the factory.
Inspect torque boxes from underneath — Front and rear, where the unibody meets floor pans. Rotted torque boxes = $3,000-$6,000 repair and chassis flex.
Pull kick panels and check cowl seam — Where windshield base meets firewall. Cowl rust here drains into the cabin and rots floor pans.
Magnet test rocker panels and quarters — Body filler is non-magnetic. If the magnet doesn't stick, the panel has been filled — meaning underlying rust.
Check shock tower welds for cracks — Cracks radiating from upper shock mount = beaten chassis. Common on Big Block cars and 428 CJs.
Verify original GT/Mach 1/Boss equipment — Without Marti docs and matching data plate, treat all performance trim claims as clone candidates.
Test all electrical functions — Every gauge, every switch, every light. Brittle 60-year-old harnesses and worn switches are universal.
Compression test all eight cylinders — Should read 145-175 PSI uniformly. Variance >15% between cylinders = head gasket or ring problem.
Drive at least 30 minutes on highway — Listen for differential whine, transmission slip, brake pulsation, steering wander. Watch for overheating in stop-and-go traffic.

Common Issues

Mustang rust is everywhere and predictable. The torque boxes (front and rear, where the unibody meets the floor pans) are the structural killers — rotted torque boxes mean the car flexes under load and the doors won't close right. Cowl rust hides under the dashboard where the windshield base meets the firewall. Floor pans rust through from the underside in any car that lived north of the Mason-Dixon. Rear quarters, lower fenders behind the front wheels, and the trunk drop-offs are all standard rust zones. Mechanically, first-gen Mustangs are simple but the small details matter. The Toploader four-speed is bulletproof when synchronized properly; the C4 and C6 automatics are robust but commonly leak from front pump seals. The 9-inch rear is bombproof — but make sure the gear ratio matches what's claimed. Engine identification by casting numbers is essential: many cars wear the wrong block, and a 1968 GT 390 with a 1973 351W block is not what the seller is advertising. Electrical issues plague any 60-year-old car. The original wiring harnesses are brittle, the headlight switches fail, the gauges read inconsistently, and the turn signal switches die. Plan to replace the headlight switch, the ignition switch, and at least the engine-bay harness on any first-gen Mustang you buy. Budget $800-$1,500 for a complete electrical refresh.

What to Look For

Always start with the data plate (door tag) and the VIN. The fifth digit of the VIN is the engine code — A=289 4V, C=289 2V, D=289 standard, K=289 HiPo, F=302 2V, J=302 4V (Boss 302), M=351 4V, Q=428 CJ, R=428 SCJ Ram Air, S=390 4V, Z=Boss 429. Cross-reference the VIN engine code with the actual block casting number — they must agree. For any car claimed as a GT, Mach 1, Boss, Shelby, or Cobra Jet, demand a Marti Report. Marti Auto Works has Ford's original production records and can verify exactly what the car was when it left Dearborn or San Jose. A $25 Marti Report will save you $25,000 in mistakes. Cars without Marti documentation should be priced as clones, period. Unibody integrity is the other non-negotiable. Pop the hood, look at the shock towers — cracks radiating from the upper shock mount are common on Big Block cars and indicate the chassis has been beaten. Inspect the torque boxes from underneath. Lift the trunk mat and look at the trunk drop-offs. Pull the rear seat and check the floor where the seat bolts down. Fresh undercoating on a project car is a red flag — it's almost always hiding rust repairs.

Price Guide

Base 1965-1966 coupes with the inline-six or 289 2V remain the most accessible classic Mustang at $18,000-$32,000 for solid drivers. Convertibles add $8,000-$15,000 to equivalent coupe pricing. Fastbacks (1965-1968) are dramatically more valuable due to Bullitt and Eleanor pop-culture demand — a clean 1967-1968 fastback small-block runs $45,000-$75,000. 1967-1968 GT 390 cars (Bullitt-style) trade for $60,000-$110,000 with documentation. The 1968 GT 428 Cobra Jet is the holy grail of the small-bumper era at $120,000-$220,000 for documented numbers-matching cars. 1969-1970 Boss 302 and Mach 1 cars run $70,000-$140,000 depending on condition and equipment. The Boss 429 is six-figure-plus territory — $300,000-$600,000 for documented examples. 1971-1973 cars (the Big Body era) have historically been the bargain entry point but appreciation has accelerated since 2020. A clean 1973 Mach 1 with the 351 Cobra Jet now runs $45,000-$75,000 — up dramatically from the $25,000 territory of a decade ago. Project cars (running but rough) start around $15,000 for coupes and $22,000 for fastbacks.

Did You Know?

The Mustang was originally going to be called the Cougar — Lee Iacocca's team had "Cougar" emblems already produced before a focus group response prompted the last-minute name change. The Cougar name was eventually used for the Mercury sister car launched for 1967. Ford originally projected first-year Mustang sales of 100,000 units. The car sold 418,812 units in its abbreviated 18-month launch year, and over a million Mustangs were sold by March 1966 — a sales pace that has never been equaled by any other American automobile launch. The iconic 1964½ designation isn't actually a real model year — Ford built the early Mustangs as 1965 models, but the cars produced before September 1964 had different alternators, generators, and other details, leading collectors to designate them "1964½" cars to distinguish them.

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