For the first Big Nose Mustang there4 was a 73 Mach 1 in our neighborhood that we would pass by every car season. Although at the time I was still of the mind the 71-73 Mustangs were to bloated looking, I always liked that on. One evening, about 4 yers ago, Lynda got a call from a friend saying her neighbor was looking to sell his Mustang due to an illness that kept him from driving any longer. She knew we were into Mustangs and thought perhaps I could help him find a buyer. Knowing where her friend lived Lynda asked, "Not the really nice looking orange one?" Well, yes, that was the one.
Well, Lynda got the phone number for the owner. I called immediately and introduced myself, then said I was the person his neighbor thought could help find a buyer for his Mustang. The owner told me he did not want the car to wind up in the hands of some high school kid would wreck the car or get killed by racing around. He wanted to find a buyer who knew and appreciated those vintage Mustangs. He told me he owned of for 35 years, having bought it from a friend who was in the Navy back in the 70s. He had replaced the engine with a street/strip built 351 W (not C), and replaced the rear axle gears with a 3.5:1 TractionLok unit. By now my tongue was figuratively on the ground. I just had to see it for myself. I offered to come over and get a look at the condition.
In order to make a strong impression re: us being Mustang people we drove over in our 1969 Shelby GT500. When the owner came outside he saw the Shelby, and it was obvious I had made my point re: being a serious Mustang/Shelby guy. "Is that your Shelby?" "Yes, we just acquired it a few weeks ago after a lifetime of trying to find one with the options i wanted (factory A/C)," I replied. I then looked the Mach 1 over and asked what he was looking for. He said, "$17,500," I told him the price was way off what it ought to bring. He looked bummed, then I said, "Let me look at what these are selling for in this good of condition. Your asking price is too low." Well, he was surprised when I told him he was shooting too low, and looked relieved he was not going to get beat up on his pricing.
We went home, and I looked at Hagerty pricing. The next morning we went back over to see the owner. "Bob, I looked at Hagerty pricing to see what these are selling for in the condition your Mach 1 is in (truly excellent), and they range from $22,000 to $26,000. Would you be willing to accept $24,000 cash with a buyer who truly appreciates these vintage Mustangs?" "You bet, yes," he said. "Okay, let's check the title and go from there." We helped him get a title issue cleared up and then I told him I already found a buyer for him if he would accept $24,000. "Cool, who is it," he asked. "Lynda and I will buy it if you like." "But, you just talked yourself into paying more than I was going to ask!" "Yes, I did. I was not about to go through life knowing I stole a car as nice as yours. Fair is fair, and I am always fair in all my business dealings."
After buying the Mach 1 we added Classic Air A/C, replaced the instrument panel (it used to have all idiot lights) with a Dakota analog gauge panel, installed a dual electric fan cooling system, and installed a full length center console. A year later we did a deep re$toration, and swapped the C4 auto tranny with an Automatic Overdrive (AOD) unit.
https://youtu.be/_Fl0B-qmlLI
To say it is a pleasure to drive that Mach 1 is an understatement. It has plenty of power, and the AOD keeps the RPM to about 1,750 at 60 MPH. The Classic Air A/C system makes certain anyone in the car will be comfortable, even on hot days. It is a treasured vehicle, along with our other pony cars, and it has won a few trophies from several car shows. I have kept in touch with the owner over the past few years, and even take the car out to see him once in a while so he can see what we have been doing with it. Luckily he approves of the upgrades and enhancement we have done (GPS, backup camera, DashCam, etc.). One time he asked me, "So, tell me something. When you told me I should ask more than $17,500 did you know you were going to buy it? I mean why would you do that to yourself?" I then said, "I did want not feel guilty about what we paid for the car. Your price was so low it would been like me stealing it from you, and I have to face myself in the mirror every morning. Besides, I wanted to be able to come over and chat with you once in a while. Had I taken advantage of you I could not have brought myself to face you ever again." In all the years I ran my own computer consultancy I never got hurt by being fair with clients. If nothing else they knew they could trust me. To this day I feel how I treated the seller has paid dividends I never expected, and the extra $6,500 we paid over his initial asking price is not missed. I feel good about ending up with a nice car to care for without being unfair with the seller. He and I are friends to this day. For me it is always about the relationship.