Filed under: Sports/GTs, Ford
Own the first Mustang ever sold for only $42,064.26/month
As the Baby Boomer generation ages, classic muscle cars are going for astounding prices at auction. While a simple authentic restoration can fetch a pretty penny, the most desirable models usually hold some unique title as well. One such vehicle is this 1964 1/2 Ford Mustang Convertible found listed on ClassicMuscleCars.com. The listing claims the pony is the first Mustang Convertible to roll off the production line intended for public consumption. Apparently it is also the first Mustang ever sold as it was pre-ordered and delivered the day before the car was officially unveiled at dealerships. Documentation is included that verifies the vehicle's status. As expected the price of this coveted 'Stang doesn't come cheap, but there are financial options. It can be added to your collection for $42,064.26, but that is only a monthly payment with $1,000,000 down. Got deeper pockets? You can drive it home (or flatbed it, more likely) by handing over a lump sum of $5,500,000. Get a better view of the five million dollar 'Stang in the gallery below.
[Source: Classic Muscle Cars]
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Reader Comments (Page 1 of 4)
EJ25RUN 10:37AM (1/02/2008)
thats stupid...5 million, i can get it on the twin blower cobra but not that car!
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Pete 10:41AM (1/02/2008)
So I wasn't the only one watching B-J yesterday!
http://youtube.com/watch?v=I9nh-UcZqVE
Mr. Oak 10:42AM (1/02/2008)
What's really stupid is your statement. This is obviously not for you, so, just leave it to hell alone.
sw 11:13AM (1/02/2008)
You would indeed need to be a moron on a grand scale to pay that much for this car. Either that or you're so rich you're simply running out of things to buy.
jeets 11:34PM (1/02/2008)
Mustangs suck.
I say crush it into a small cube.
Andrew 10:42AM (1/02/2008)
I bet some dumbass out there thinks this is an investment.
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Delayedz 10:43AM (1/02/2008)
This is dumb, no one in there right mind would spend that much money, authenticity or not, that is just retarded to ask that much, lol. Even ridiculously rich people have better ways of spending money then on a Convertible mustang, lol....
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DarkKnight67 10:57AM (1/02/2008)
I don't think this is the first-first car off the line ... typically that is kept for the corporate museum.
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Shipey 10:59AM (1/02/2008)
"intended for public consumption"
tom 9:57AM (1/03/2008)
I have a picture of Henry Ford riding in a parade in the first Mustang convertible... it is NOT the car pictured/discussed in this article. However, a Tiffany award winning car like that doesn't roll off the production line very often, and beauty is in the eyes of the beholder. I had three '65s at one time and loved every one of my "kids". I should never have left them leave the nest, so to speak.
SBelcore 2:11PM (1/03/2008)
Your right, the first car is generally kept for the corporate museum. Had you read the article closely, you would have read tht it was the first Mustang Convertible for the public consumer.
Ben 11:18AM (1/02/2008)
I'd spend the money on 5 Bugatti Veyrons instead
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Ben 11:30AM (1/02/2008)
or 100 new Mustang GT's
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cowboy bob 11:31AM (1/02/2008)
The value of anything is determined by what someone is willing to pay. I have a sweet potato with the image of all four Beetles on it if anyone is interested. Perhaps I can trade for the 'Stang........
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calebe 11:50AM (1/02/2008)
A fool and his money are soon parted.
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Huecifer 11:54AM (1/02/2008)
If its papers are legit and this is really the first Mustang off the line for the public, then this car will always appreciate in value. It's one of the most iconic American automobiles. And it doesn't hurt that it looks damn good, too
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500 12:42PM (1/02/2008)
You're assuming that this car is actually worth $5.5 million now, which I highly doubt.
JN 12:03PM (1/02/2008)
This car, which was the first 'Stang off the line, was sold to a Canadian airline pilot, if memory serves, and Ford -- when they later realized what they'd done -- tried very hard to buy it back. It's been restored, becuse he drove it for quite a few years before getting his next one.
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JN 12:05PM (1/02/2008)
I don't believe the seller has it right. FoMoCo told the story I related in my original post. Something doesn't quite square here ...
BigRedSpecial 1:22PM (1/02/2008)
You're right, the first mustang was purchased in St. John's, Newfoundland, by a pilot from Gander, Newfoundland; it was bought back from him by ford, and currently resides in a museum in Dearborn.
I'm not having much luck finding a link... there was a writeup in a local paper several years ago, for what it's worth.