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1973 Ford Mustang

$34,997

1973 Ford Mustang

Vehicle Details

Make

Ford

Model

Mustang

Year

1973

Mileage

15,247 miles

VIN

3F03F245639

Body Type

Convertible

Transmission

Automatic

Engine

V8 302ci

Description

1973 Ford Mustang Convertible — 302 V8, Red Interior, NASA Hood, Power Top Why This Car Is Special The 1973 Ford Mustang convertible occupies a genuinely significant place in pony car history: it was the last open-top Mustang Ford would build for a full decade. After 1973, the convertible body style disappeared from the Mustang lineup until 1983, when Ford revived it on the much smaller Fox-body platform. That ten-year gap makes the 1973 Ford Mustang convertible the final expression of the original 'large' Mustang era — a car built before emissions regulations and fuel shortages forced a complete redesign.

Anyone who understands that history knows exactly why these cars are worth preserving. The 1973 model year was also the last for the SportsRoof and the classic Mustang body that had been evolving since 1969. Ford made some meaningful updates that year, including standard front bumper guards designed to meet the new federal 5-mph impact standard, which gave the front end a slightly more substantial appearance.

Convertible production for 1973 totaled just 11,853 units, making open-top examples a small fraction of total Mustang output that year. Of those, examples optioned with a V8 engine, factory air conditioning, power top, auxiliary gauges, tachometer, and a full sport interior represent a more select group still. This particular 1973 Ford Mustang convertible is finished in Gray Metallic with a red side stripe package and wears a black power convertible top.

Inside, everything is red vinyl — bucket seats, door panels, floor mats, all of it. The car is equipped with the 302 cubic inch V8 backed by a 3-speed automatic transmission, factory air conditioning, power steering, power brakes with front discs, dual exhaust, and a NASA-style functional hood scoop. The underside has been coated and shows well on the lift.

This is a fully optioned, driver-quality 1973 Ford Mustang convertible with the kind of specification list that takes real effort to recreate from scratch. Features List - 302ci V8 Engine - 3-Speed Automatic Transmission - Convertible Body Style - Power Convertible Top - Black Convertible Top - Gray Metallic Exterior - Red Side Stripes - NASA Hood Scoop - Rear Deck Spoiler - Chrome 5-Spoke Wheels - White Letter Tires - Red Vinyl Bucket Seats - Red Vinyl Door Panels with Woodgrain Inserts - Wood-Rim Steering Wheel - Center Console - Console Clock - Auxiliary Gauge Cluster (Oil, Alternator, Temperature) - Tachometer - AM Radio - Air Conditioning - Power Steering - Power Brakes - Front Disc Brakes - Rear Drum Brakes - Dual Exhaust - Pony Floor Mats - Undercoated Floor Pan Mechanical The 302 cubic inch small-block V8 was a well-proven engine by 1973, having been in continuous development since 1968. Ford marketed it as the 'Windsor' 302, and while net horsepower ratings had come down from the high-compression muscle car era due to new SAE net measurement standards and emissions tuning, the 302 remained a capable and durable engine with a long service history.

Its compact dimensions made it a natural fit for the Mustang's engine bay, and the combination of a lightweight short-stroke design and broad parts availability has made it one of the most supported classic V8s in existence today. Backing the 302 is a 3-speed automatic transmission, which Ford sourced as the SelectShift unit during this period, allowing manual gear selection when the driver chose to use it. The combination of the 302 and automatic made this car a comfortable highway cruiser with enough pull to feel like a proper V8 Mustang.

Power steering and power brakes are both present. The front brakes are discs — an important safety upgrade that Ford made standard on V8 Mustangs — while the rear uses drums, which was the standard configuration for this generation. The dual exhaust system exits cleanly at the rear and is clearly visible in the underbody photos.

The floor pan has been coated, and the underside of this 1973 Ford Mustang conve

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 497 Ford Mustang listings currently on ClassicCarsArena.com

497
Listed Now
$38,179
Avg. Asking Price
1964–2012
Year Range
Price Position on Our Site — Average Range
This car: $34,997
Low: $3,000 High: $284,995
Transmission Distribution
Automatic 52% ◄
Manual 33%
Condition Distribution
Excellent 10%
Good 9%
Fair 3%
Poor 0%
Data from ClassicCarsArena.com listings Browse all 497 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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