I would like to make my final entry for the year. My Mustang has been up and running now for about a year. I have spent more time driving it instead of working on it. It has proven to be quite reliable, it has not left me anywhere except when it ran out of gas several times. I finally got fed up enough to pull the instrument panel and fix the gage. The working gage is much appreciated. I had a lot of trouble with the illumination of the instruments. They were so dark, even after replacing the burnt out bulbs. I had considered adding some kind of internal lighting but decided that I didn’t want to drill any holes in the dash cluster. I found some stick on blue led projector lights at Pep Boys. They were designed to plug into the lighter socket. I ended up using three two light sets, wiring them all together and hooked them up to the existing rheostat wiring. I used a single light for the smaller gages and two lights for the larger gages. I ran the wires under the panel and though they look a little cheesy they really make the gages easy to read. At least I didn’t make any permanent modifications.

The Mustang starts right away in the morning but after a ten minute stop it takes a bit of cranking with the throttle down to clear it out. It seems it floods out a bit after sitting hot. I think the float level might be a little high but I’m reluctant to open up the carb until I can find a source for the float bowl gaskets. I’ve been forced to buy a complete rebuild kit and the enclosed bowl gaskets had to be stretched out to fit. These kits have run me over twenty bucks a piece. What I need is a fuel resistant o-ring that would work. I might also add a heat shield under the carb. There is a shop in Santa Clara that would rebuild my carb for 125.00. I had them rebuild the Quadrajet in my 66 Riviera and they did a good job. I haven’t wanted to spend the bucks because I was thinking of selling the car.

I put it for sale on Craigslist and didn’t get any serious response. I even took it to the Goodguys event in November with no luck. I’ve taken three other cars there over the years and had struck out three times. I was kind of disappointed as I thought a Mustang would be an easy sale. I’m beginning to think that people just attend the show as entertainment although the swap meet seems pretty busy.

Why am I thinking of selling after talking so much about automotive equity? It’s hard to accept the fact that this car isn’t anything special. It pretty underwhelming. It’s slow and get crappy gas mileage. There’s all kinds of squeaks and creaks, and water leaks. Financially I’ve now got a bit over five thousand in the car. ( I tried to sell the car for that price with no takers) I figure if I upgrade the car with a V8 auto trans combo, power front disc brakes,fix a few misc. bits and a suspension rebuild I might spend another five grand. Now I’ll have ten grand tied up in the car. The car would now be in a pretty good state, pretty much as I had envisioned. I could then square away the prior body repairs, repaint the car, recover the seats and spruce up the interior. And there goes another five grand! So now I’m up to around fifteen grand. Is it worth spending fifteen grand on a salvage coupe? At this time it’s a moot point as I don’t have that chunk of money to spend.

I’ve decided to hold onto my Mustang for awhile and make some of the repairs it needs. I’ve bought some new parts that I still need to install and there are some low priced repairs that I can do to improve the car, but I will let the car remain what it is. A six cylinder stripper. I am going to accept the car for what it is. I do plan on working on the induction system by going to some kind of dual carb set up. I think this might also improve fuel economy by more efficient distribution. I actually found an old complete three carb set up at a swap meet, the seller only wanted fifteen hundred bucks for it, more than I paid for the entire car!

Once when I tried to explain hot rodding to my Dad he didn’t get it, but he made a very valid observation. He said, “If you want a faster car, why don’t you just buy a faster car?” Well, that is just what I have done.  

It's not always a good idea to add up all your receipts and see how much money you have sunk in your current project. Still knowledge is power or at least awareness. I've got a little over 5,000 dollars in my Mustang, probably more that I can sell it for, but every car will cost you money. If you don't spend some money on repair and maintenance you won't have any kind of reliable car.

My 96 Mustang has got more into it that my 70, but it has rewarded me with lots of good fun and reliable service. 

Time to get back to earth. "Automotive Equity" What is it and how do you achieve it? 

Pretty simple, just build on your foundation and each improvement will pay off in a car in better condition and will allow you to amortize the costs over a longer period. 

Whew! Discussing 12 cylinder Euro cars on a beater blog?

Where have I lost track?

After finishing the last post I felt I should do something constructive to my car.

I had bought a set of KYB Gas charged shocks to replace the tired air shocks in the back. 

Now that the basic frame has been built and fit, it's time to cut the aluminum strap that will "sandwich" the mesh. 

The upper and lower straps are just a duplicate of the one's you already cut. 

Building a custom tail light panel or grille

I have been reading Hot Rod magazines since I was a kid, well over forty years ago.

I always wanted to customize my car as I built it, not only the motor and chassis but also visually. 

Sometimes you just have to do the work.

 I've been doing a lot of mechanical work on my car during the last couple of months. 

One of the most fun aspects of fixing up an old car is making visible changes and improvements. 

Rebuilding the chassis or brakes is important, but who's gonna know? 

Well I went to Ventura on my trip down south and visited  National Parts Depot.

I picked up some items that I needed and I figured I could save some money on shipping.

Well I've had my Mustang for almost a year, eleven months to be exact and there has been a lot of progress.

Once I completed  wiring up the relays for my headlights I've spent most of December test driving the car then driving it to work and on errands. Just like a real car. 

Happy 2015!

It's a new year and we all look forward to doing a better job and being  more successful.