Rare Finds April 2013 - Lucky Find
Jim Paschen is a lucky man. How else does a person stumble onto an original-owner, unrestored, survivor '66 Mustang convertible with original Candyapple Red paint, factory GT package, and four-speed?
Paschen lives near Troy, Michigan. The '66 came out of the garage of the original owner in Hayward, California. A friend at Paschen's church knew about the Mustang, owned by an uncle, Barney Buice, who bought the convertible new and racked up 152,000 miles before garaging it in 1986.
As the owner of several Mustangs and Fords, Paschen wasn't looking for another vehicle. However, his church friend knew about Paschen's stable of Mustangs. At first, Buice didn't want to sell the Mustang. Seven months passed before Paschen got the phone call, coincidently right after he had sold a '67 fastback (with a 427) to "thin the herd."
Paschen saw pictures and heard the '66 was rust-free and complete. "I said, yep, I'm interested. He named the price, $10,000, and I said I'd take it."
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Paschen didn't even bother to travel to the West Coast to inspect the car. "Barney said it was rust-free and I believed him," Paschen said. "The Mustang never left California except when he lived in Yellowstone during the summer of 1969."
Paschen wired Buice the money and Buice sent the title. Then Paschen arranged for an enclosed trailer to pick up the Mustang. He first saw the car in person at his doorstep—an unrestored '66 Mustang convertible with original paint and engine. Buice ordered the car new with "no power nothing," Paschen said, except for the power top. The car didn't even come with deluxe wheel covers.
The odometer read 152,000, so it does have some "battle scars." While in Yellowstone, a moose ran into the driver's door. Buice never fixed the dent.
Paschen's attitude had something to do with Buice's decision to sell. "He never really wanted to get rid of the car, but once he knew that it was going to a Ford guy…"
Paschen admits that he buys and sells a lot of cars, but he's not looking to sell this one. After carpeting, seat covers, and a new top, Paschen plans "to rub out the paint and drive it as is."