1968 Ford Mustang Fastback: Price Guide & Buying Tips

by Alex Braham 54 views

Hey guys! Ever dreamt of cruising down the highway in a classic ride, with the wind in your hair and the rumble of a powerful engine beneath the hood? Well, if you're like me, the 1968 Ford Mustang Fastback probably features pretty heavily in your dream car fantasies. This iconic muscle car is more than just a vehicle; it's a symbol of American automotive history, a statement of style, and a head-turner wherever it goes. But what about the 1968 Ford Mustang Fastback price? Is it obtainable? Are there specific factors that influence the price of these classic Mustangs? And how do you navigate the market to find your dream car without getting your wallet totally wrecked? Let's dive in and explore the fascinating world of the '68 Fastback, uncovering the factors that affect its value, some smart buying tips, and even the nuances of its various trim levels. So, buckle up, and let's go for a ride!

Owning a 1968 Ford Mustang Fastback is a serious statement. It represents the height of muscle car era cool. The sleek lines, the aggressive stance, and the roaring engines all contribute to its legendary status. But for most of us, the million-dollar question is, how much does one actually cost? The prices can vary wildly, you know, depending on a bunch of factors that we will soon explore. Whether you are a seasoned collector, a newbie, or just a car enthusiast with a soft spot for classic cars, understanding the pricing landscape of the '68 Fastback is essential. It's not just about the numbers; it's about making an informed decision, appreciating the car's value, and making sure that you get the best deal. Getting that right will make sure your classic car experience is satisfying and fun, rather than a frustrating journey. Let's delve in.

Factors Influencing the 1968 Ford Mustang Fastback Price

Alright, so when it comes to the price tag of a 1968 Ford Mustang Fastback, a whole bunch of things play a role. Think of it like a recipe; each ingredient contributes to the final flavor. Here's a breakdown of the main factors, so you can have a handle on what affects the prices and make smart choices.

  • Condition, condition, condition! Seriously, the overall condition of the car is probably the biggest factor. Is it in pristine, concours-ready condition? Or is it a project car needing some TLC? A fully restored, showroom-worthy Fastback will command a much higher price than one needing significant restoration work. Things to look for include rust, mechanical issues, and the quality of the paint job and interior. The better the condition, the more you'll have to pay, but the less work you'll have to do. Which sounds like a good deal.

  • Originality: The more original the car is, the more valuable it tends to be. Has the car been modified? Were original parts swapped out for aftermarket ones? Matching numbers (meaning the engine and transmission are original to the car) are a big deal for collectors. If you're a purist, a completely original car is the Holy Grail. But if you don't mind a few upgrades, you could find a good deal. It all depends on what you're looking for and your budget, ya know?

  • Trim Level and Engine: The '68 Fastback came in various trim levels and with a range of engine options. The base models with the inline-six engine will be the most affordable. Then there's the popular V8 options, such as the 289 or 302 cubic-inch engines. And finally, the high-performance models like the GT and the Shelby GT350 or GT500 models, which are at the top of the food chain, price-wise. The rarer the model and the more powerful the engine, the more expensive the car will be. Keep this in mind when you are considering which version to chase after.

  • Mileage: This is another significant aspect. While not always the most critical factor (some well-maintained classics with high mileage can still fetch a good price), lower mileage cars often command a premium, especially if documented. Lower mileage might indicate the car has been better maintained or less used, which can be seen as an advantage.

  • Documentation: This is crucial for proving authenticity. Having the original build sheet, owner's manuals, and service records can significantly increase a car's value. Documentation adds to the car's history and provenance, making it more desirable for serious collectors.

  • Market Trends and Location: Like any collectible, the 1968 Ford Mustang Fastback price is affected by market trends. Is the market hot for classic muscle cars? What about the local demand in your area? The supply and demand dynamic will always play a role. Also, the location where the car is being sold can have an effect. Cars in areas with milder climates may be in better condition and have a higher value compared to those in areas with harsh winters, where rust is more common. Keep your location and the local market in mind.

1968 Ford Mustang Fastback Price Guide by Trim and Condition

Okay, let's break down some potential price ranges, keeping in mind that these are just general guidelines. Real prices will vary based on the specific factors we discussed. Also, the market changes over time, so you'll want to stay up-to-date with current listings and sales data.

  • Base Models (e.g., with Inline-Six Engine): If you're looking for an entry point into the '68 Fastback world, the base models are your best bet. A well-maintained, driver-quality car could range from $25,000 to $40,000. These cars are great for enjoying the classic Mustang experience without breaking the bank. These are great for someone who enjoys restoring and working on cars.

  • V8 Models (e.g., 289 or 302): These are the most common and often the most sought-after. Depending on the condition, you can expect to pay anywhere from $35,000 to $60,000 for a solid example. The specific engine and transmission options will also affect the price here. A good all-around choice for a balance of performance and value.

  • GT Models: The GT models add some sporty features and generally command a higher price. These will often be from $50,000 to $80,000 or more, depending on condition and options. These models often have some unique features that make them stand out from the other Fastback options. If you want something sporty and rare, this is what you should get.

  • Shelby GT350/GT500: These are the big boys. If you can afford one, you'll be joining an exclusive club. Prices can range from $100,000 to well over $300,000, depending on condition, originality, and provenance. These are investment-grade cars and the crown jewels of any collection. If you are in the market for one of these, you know what you are doing.

  • Project Cars: If you're looking for a project, you can find Fastbacks for less, sometimes even below $20,000, but keep in mind you'll need to factor in the costs of restoration, which can quickly add up. Be prepared to put in the time and money, or you can pay someone to do it for you, which will be a lot more expensive. But the end result could be amazing.

Smart Buying Tips for Your 1968 Ford Mustang Fastback

So, you're ready to jump into the market? Awesome! Here are some crucial buying tips to help you navigate the process and avoid any major headaches.

  • Do Your Homework: Before you start looking at cars, know what you want. Research the different trim levels, engine options, and their respective values. Learn about common problems specific to the '68 Fastback. The more you know, the better prepared you'll be.

  • Set a Budget: Determine how much you're willing to spend, and stick to it. Factor in not just the purchase price but also potential restoration costs, insurance, and maintenance. Be realistic about what you can afford.

  • Inspection, Inspection, Inspection: Always, always, always get a pre-purchase inspection from a trusted mechanic who specializes in classic cars. They can identify potential problems that you might miss, such as rust, engine issues, and hidden damage. This can save you a ton of money and grief down the road. If the seller doesn't allow an inspection, walk away. That should tell you something.

  • Check the VIN: Verify the VIN (Vehicle Identification Number) to confirm the car's authenticity. A VIN decoder can tell you the original options and specifications, helping you determine if the car is original or modified.

  • Look for Documentation: Ask for any available documentation, such as the original build sheet, owner's manuals, and service records. This adds to the car's value and provides insight into its history.

  • Negotiate: Don't be afraid to negotiate the price. Research comparable sales to understand the fair market value and use any issues identified during the inspection as leverage.

  • Consider Restoration Costs: If you are buying a project car, get an estimate of the restoration costs before you buy. Restoration can be expensive, and it's essential to factor these costs into your budget.

  • Join a Mustang Club: Connect with other Mustang enthusiasts. They can offer valuable advice, insights, and potentially even help you find a car for sale. Also, this is a great way to meet new people that share the same passion as you.

  • Be Patient: Finding the right car can take time. Don't rush into a purchase. Wait for the right car to come along, and don't settle for less than what you want.

Where to Find a 1968 Ford Mustang Fastback

Alright, you're ready to start the hunt. Where do you start looking for your dream 1968 Ford Mustang Fastback? Here are a few places to consider:

  • Online Marketplaces: Websites like eBay Motors, ClassicCars.com, Hemmings, and Craigslist are great places to start. You can browse listings, compare prices, and connect with sellers.

  • Specialized Dealers: Classic car dealers often have a selection of Fastbacks for sale. These dealers can be a good option if you want a car that has been inspected and potentially restored.

  • Auctions: Auctions, both online and in-person, can be a great place to find classic cars. You can potentially get a good deal, but it's important to do your research beforehand.

  • Mustang Clubs and Forums: Mustang clubs and online forums can be excellent resources. Members often know of cars for sale and can offer advice and insights.

  • Local Car Shows and Events: Attending car shows and events can be a great way to see Fastbacks in person and connect with potential sellers.

1968 Ford Mustang Fastback: Common Problems to Watch Out For

While the 1968 Ford Mustang Fastback is a beautiful machine, there are some common issues to be aware of. Knowing about these problems can help you spot potential issues during your inspection and negotiate a better price. So let's talk about them.

  • Rust: This is the most common enemy of classic cars, especially in areas with harsh weather. Check for rust in the usual places, such as the floor pans, rocker panels, quarter panels, and around the wheel wells. Rust can be expensive to repair, so be wary.

  • Engine Problems: Older engines can have issues such as oil leaks, worn-out components, and overheating. Have a mechanic check the engine's compression and overall condition during the inspection. Also, check the engine's original, and see if it matches the VIN.

  • Transmission Issues: Automatic transmissions can experience shifting problems or leaks. Manual transmissions may have worn synchros or clutch issues. During a test drive, pay attention to how the transmission shifts and if there are any unusual noises.

  • Electrical Problems: Old wiring can degrade over time, leading to shorts, malfunctions, and other electrical issues. Check all electrical systems, including lights, gauges, and accessories. Electrical problems can be tricky to diagnose and repair.

  • Suspension and Steering: Check for worn suspension components, such as shocks, bushings, and ball joints. Also, pay attention to the steering feel and look for any play or looseness. If not, it can be a safety issue.

  • Brakes: Check the brake system for leaks, wear, and proper function. Old brake systems can be unreliable. Also, be sure to ask when the brakes were last replaced.

  • Interior Issues: Check the condition of the interior, including the seats, dashboard, and headliner. These components can be expensive to restore or replace. Make sure that the upholstery is not ripped or worn. Also, make sure that the interior does not have any tears or other damage.

Conclusion: Making Your 1968 Ford Mustang Fastback Dream a Reality

So, there you have it, guys. The 1968 Ford Mustang Fastback is an awesome car, and the 1968 Ford Mustang Fastback price will vary depending on the condition, originality, and the market. But with a bit of research, some patience, and a good eye, you can find a cool ride that fits your budget. Remember to do your homework, get a thorough inspection, and be prepared to negotiate. And most importantly, enjoy the journey! There's nothing quite like the feeling of driving a classic Mustang. So, go out there, find your dream car, and hit the road! Happy cruising!