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How much loss in value due to wrong engine?
#1
Ok, here's the deal. I have stumbled on an absolutely stunning car that I could score for a pretty low price (in European terms, of course).
It's even worse because it's my favorite type of Mustang ever.

69 Mach1 R-Code (428 CJ)
Factory Ram Air (Shaker hood)
Candy Apple Red with blackout hood treatment
Black interior
3,25 Traction-Loc
C6 Automatic
Fold down rear seat
Rear window louvers
Front and rear spoilers
Tilt away steering wheel
Power disc brakes
Power Steering
Tinted Glass
Deluxe Belts/Warning light

Metric speedo (Export Model)
Lacks factory wheels but has original 1968-69 Shelby rims on it.

The car has been restored to factory specs using only NOS parts with great attention to detail. Underside is just as nicely finished as the body outside. No repro panels anywhere.
Paint and body work are top notch, on a par with the best I have ever seen. Very little filler.
The car has not been driven yet, as the assembly process is not yet complete. It needs the front grille, lights and bumper. The rest is done, all the panels are in place and perfectly aligned.

Ok, a 428 Cobra Jet in an awesome like new condition, so where's the problem?
Well, somewhere along the line it has lost it's original engine. It now has a 351 4v under the hood that is even period correct and it has all the bolt on stuff from the original engine, so the shaker and air grabber are there and functional.
How much would this affect the value of the car?
I would think the most important thing is the R-code in the VIN, right?
I'd even say that on winding European roads (better handling, lack of nose heaviness) and with our fuel prices the 351 would even be the better deal but still, it would be nice to have the 428 that it came with.
And over here, there is no way you score a 428 in the classifieds.
What do you guys think?

[Image: 1z21rv4.png]

Mike

"If I were you...... I´d rather be me."  Tongue

Check out my video:
http://www.7173mustangs.com/thread-my-mustang-in-action

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#2
Compare the values of 69 Mach I 4V's to 69 R codes. There is a significant Delta. IMO the value is diminished in direct proportion to the cost of putting a date code correct 428 engine in with all the trimmings.

That is not cheap.

73 conv. 460, D0VE large valve heads, Performer RPM manifold, Voodoo 227/233 cam, Holley 950 HP carb, C6 trans, 3.25 trak-loc.
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#3
Seems to me that you get the car, and try to find the 428 later if you want.

I had one of these back in my high school days, with all of the options that you list, except my interior was red. Wish I had it back now!

1972 H-code Mach1
2010 GT Premium
2015 Hyundai Sonata Sport 2.0T
1995 F150- The "home depot" machine
2012 Harley Davidson Road Glide Ultra
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#4
I don't know the answer , but if you think it's a decent price + you want it , go for it ! That's my other favorite mustang as well . Big Grin I bought mine knowing it would never be a matching numbers car , but I wanted it and didn't care. Cool

[Image: 1_11_01_14_4_00_47.jpeg]
460 , Edelbrock Performer carb. + intake , 204 / 214 cam , Pertronix Flamethrower 2 billet dizzy + coil , Crites long tubes , C6 .









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#5
IMO...if you are buying it to enjoy driving it...then no harm done, but honestly swapping a 428 for a 351 is a very bad call for value of the car. An all original R code 69 mach = big bucks
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#6
The 428 CJ adds so much value over the base car, that not having it loses ( I'm guessing here) 25-50% total book value.
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#7
TommyK;162744 Wrote:Compare the values of 69 Mach I 4V's to 69 R codes. There is a significant Delta. IMO the value is diminished in direct proportion to the cost of putting a date code correct 428 engine in with all the trimmings.

That is not cheap.

Agree with Tommy PLUS even after all the expense of doing a correct 428 it will not have the VIN on it.
Also how much are they wanting ?

Ohio Mustang Supply
440-949-2556

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#8
35000€. That's pretty cheap for European prices.
That's the minimum you pay here for a standard 69 fastback with your usual halfway decent resto and lots to do to get it reliable.
The strong point of this one is its top notch resto work. It's really outstanding and has 37000€ in parts only. The 5 years of work come free.
I look closely at most cars I see and hardly any car (mine included) is this clean.

[Image: 1z21rv4.png]

Mike

"If I were you...... I´d rather be me."  Tongue

Check out my video:
http://www.7173mustangs.com/thread-my-mustang-in-action

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#9
luxstang;162756 Wrote:35000€. That's pretty cheap for European prices.
That's the minimum you pay here for a standard 69 fastback with your usual halfway decent resto and lots to do to get it reliable.
The strong point of this one is its top notch resto work. It's really outstanding and has 37000€ in parts only. The 5 years of work come free.
I look closely at most cars I see and hardly any car (mine included) is this clean.

If you believe the car to be good value as a 69 Mach I 4V based on the quality of the restoration then its a no brainer. Consider the R code VIN as a bonus.

73 conv. 460, D0VE large valve heads, Performer RPM manifold, Voodoo 227/233 cam, Holley 950 HP carb, C6 trans, 3.25 trak-loc.
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#10
Over here FE's are not hard to find. Actually there are many who argue performance vs 429...or the Cleveland with weight savings for street....or the performance NASCAR got out of each engine, and the drivers who drove them! Heh heh...So the real question you are asking is should you pop for a car with a Cleveland that had a FE originally? Well, yes...if you like 4 headlights on a so-so handling car. You said a restoration kinda car, lots of original parts? Yeah 69's handle like sh1t compared to 7173's on the road. If you put a Pinto R&P in the front, adjust the front suspension geometry, reinforce everything on the chassis, and add any kind of traction design to the rear then its ok. Look at the Trans Am cars man, they looked like Ford street cars but George and Dan had completely different suspensions than what the dealers sold. HA HA!
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