We came across this unique Red over Dark Tan 1979 Mercury Capri Ghia Convertible claimed to be only one of six cars the second owner had for sale in July 2019 on Craigslist for the asking price of $15,500. Using the Hagerty Insurance Online Valuation Tool for a 1979 Ford Mustang Ghia V8 Coupe as a proxy, the second owner has his Capri priced $4,800 higher than the #1 “Concours” level of $10,700 currently listed. While his low mileage and rare example of a coach-built convertible is quite unique, unless he can find a die-hard Fox Body collector looking to add to his collection, we doubt he will find a buyer willing to pay a $5,000 premium when there are tons of later factory-built survivors available for more real money. Consequently, the seller is the latest recipient of our “NEW!” (short for “No Effin Way!”) Award for an optimistic asking price.
Savvy Fox Body enthusiasts will quickly scratch their heads thinking that Lincoln-Mercury never offered a convertible version and they are correct. Keep in mind that in 1979, no domestic manufacturer was offering drop-top models: it had been three years since the last factory Cadillac Eldorado convertible left the factory and it would be three more years until Chrysler launched its K-Car ragtops debuted. Consequently, if you wanted an American convertible, you would have to buy a new car and have it converted. While the seller does not provide information about who performed the conversion, he does report the following: “Mercury sent six hatchbacks to a coachbuilder in 1979 and had them converted to convertibles. The cost of the Ghia hatchback was around $4,800.00 plus the cost of conversion was $8,000.00 for a grand total of $12,800.00 in 1979. To put that in perspective, that would be the equivalent of $29,687.80 in today’s dollars! While we don’t know who performed the conversion, judging by the windshield header and the fact the rear seat remained in place provide clues that a high-quality coach builder converted this Capri.
Lincoln-Mercury launched the redesigned Capri alongside the new Mustang with which the two cars share Ford’s “Fox” platform. For the 1979 model year, a second generation of the Capri was introduced. While visually similar to the Mustang, the second-generation Capri was offered solely in the three-door hatchback configuration. Lincoln-Mercury styled the Capri with its own front fascia, a vertically-mounted grille, and dark-tinted tail lamps with horizontally-ribbed lenses.
If you’re looking for something extremely rare and unique yet can be serviced just about anywhere, then this will make a great addition to your garage that will have every Fox Body fan asking you questions at every show you drive it to. Good luck with the purchase!