Strong #3: 1973 Ford Mustang Convertible – Sold!
Not only did 1973 end up being the last production year for the first-generation Ford Mustang, but it was also the final run before a ten-year hiatus for the convertible model such as this red-over-white example here on Craigslist in Ashburn, Maryland with an asking price of $22,000. The current caretaker of the past five years considers his Mustang “a strong #3” and checking the Hagerty Insurance Online Valuation Tool confirms his asking price is $3,400 above the current #3 “Good” estimate of $18,600.
While Ford produced the first generation Mustang from its debut in the spring of 1964 through 1973 before they launched the Pinto-based Mustang in ’74, enthusiasts segment these cars into four classes based on major styling and feature changes. The last major first-generation restyling launched in September 1970 as a 1971 model. The ’71 Mustangs were still offered in Hardtop, Sports Roof (Fastback), and convertible versions such as the example featured here and grew in size, gaining three inches in width in order to accommodate Ford’s big block 429 cu in (7.0 L) V8 to avoid the extensive suspension redesign previous years forced. However, tightening federal emissions regulations and rising insurance costs started to take its toll on Muscle Car popularity and consequently, Ford dropped the Boss 351 edition and optional 429 big block leaving the 351 cu in (5.8 L) variants as the largest available engines for 1972 and a two-barrel topped version is what our example here features.
Convertibles came equipped with a power top and a single piece glass rear window. 1973 brought some mild restyling. The urethane front bumper became standard, and was enlarged in accordance with new NHTSA standards. All Mustang models had their sport lamps replaced with vertical turn signals, as the new bumper covered the previous turn signal locations in the front valance. Both a Mach 1 and base grille were offered, with differing insert patterns. The 1973 model year Mustang was the final version of the original pony car, as the model name migrated to the Ford Pinto-based Mustang II for 1974.
The current caretaker appears to have put a lot of work and parts into his Mustang over the past five years. Based on his detailed honest description below and the detailed pictures provided, your in-person inspection will likely confirm this Mustang to be a strong driver-quality example you can enjoy cruising in all summer long. Good luck with the purchase!
Here’s the seller’s description:
“Mustang convertible with 63K original miles. 351C V-8, 2 barrel carb, PS/PB, C6 auto trans, non AC car. Owned 5 years, always garaged, only in rain twice. Engine and trans were rebuilt in 2010/2013 prior to my ownership. Car is a strong #3 car. One small rust area very low on passenger side fender behind wheel; has been treated so it will not worsen. Can’t see it unless you look from ground up. Trans weeps a little, might put a few drops on the floor every few weeks. Power steering pump and steering box weep a small amount. Nothing that needs immediate attention. both systems work fine and are safe. This 1973 Ford Mustang convertible was originally delivered to Morelli-Hoskins Ford in Coatesville, Pennsylvania, and was purchased by the seller in 2015. It is finished in Bright Red with a white soft top over a white vinyl interior, and power comes from a 351ci V8 paired with a three-speed automatic transmission. Options include the Convenience and Exterior Decor groups, power steering, and a power top with a glass rear window. Modifications include a Mach 1-style front spoiler and rear valance, dual exhaust, Magnum 500-style wheels, additional gauges, PerTronix ignition, and an aftermarket stereo system. This Mustang is now offered with a Deluxe Marti Report, service records, factory literature, spare parts, and a clean Virginia title in the seller’s name. One repaint in the original color in the late 80’s early 90’s. I am fairly certain that the engine block is not original and was replaced during the rebuild. The engine is the correct one that the vehicle was built with at the factory. This is a very nice driver and needs nothing unless the new owner wants to correct or improve something. Always starts, never overheats; nice crusier.
During my ownership following work/repairs have been done :
All suspension components replaced, front and rear, except front coil springs
Carburetor professionaly rebuilt
new EGR valve and spacer plate
new one wire alternator
Pertronix electric ignition
new aluminum 3 chamber radiator, (have old one)
Driveshaft balanced and rear U-joint replaced
entire interior removed, very minor rust issues corrected, entire floor treated with Rust Bullet,(photos included) new factory underlayment
new mechanical Bosch guages intalled in factory center bezel, installed so that “idiot lights ” still function
new Retro AM-FM radio with High Fidelity dash speaker installed, radio has accessory plug for iphone
dash light upgraded to LED’s so you can actually read the dash at night
New Cooper raised white letter tires with under 300 miles on them
new right front Magnum 500 rim, replaced because it had very slight wobble from factory, still have rim
new neutral safety switch
sourced long center console, repaired, painted and installed.
new front brake calipers, inner and outer bearings and races, properly installed the front caliper bolts which were missing
Cleaned and adjusted rear drum brakes, new RR drum
new Harmonic balancer
period correct bias ply spare, repop hold down bolt and period correct jack
new fuel filler neck gasket and trunk floor filler neck gasket
new Pittman arm installed
Tires recently balanced
All hydraulic convertible top lines and two hydrualic cyclinders replaced.
NOS fuel cap
new rear end vent line
new u-joint straps
engine and transmission rebuilt prior to my owner ship
good oil pressure, does not burn any oil
Have Marti report and almost every receipt along with notebook on vehicle and some original documentation.
Have original owners manual
Have most of the original parts
Have two covers for the vehicle
New headlight and convertible top switches
New kickdown lever
Have almost every receipt and have personally put app. 350-500 hours of labor into this vehicle. I am accepting serious/best offers and am happy to answer any questions.“
Do you have a ’71 – ’73 Mustang convertible story you’d like to share? Comment below and let us know!