Here's the ad I posted on Craigslist... I hate to sell her, but I need the money. Compare with similar cars on autotraderclassics.com for $40-45K... Thanks
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"A high-performance version of the 289 engine was introduced late in the 1963 model year as a special order for Ford Fairlanes and Mercury Comets. The engine is informally known as the "HiPo" or the K-code (after the engine letter used in the VIN of cars so equipped). Starting in June 1964, it became an option for the Mustang. The HiPo engine was engineered to increase performance and high-RPM reliability over standard 289 fare. It had solid lifters with hotter cam timing; 10.5:1 compression; a dual point, centrifugal advance distributor; smaller combustion chamber heads with cast spring cups and screw-in studs; low restriction exhaust manifolds; and a bigger, manual choke 595 CFM carburetor (std 289 4v was 480 CFM). The water pump, fuel pump, and alternator/generator pulley were altered; fewer vanes, extra spring, and larger diameter respectively; to help handle the higher RPMs. Even the HiPos fan was unique. Bottom end improvements included thicker main bearing caps and balancer, larger diameter rod bolts, and a hardness tested and counterweighted crankshaft, all for high-rpm reliability. The HiPo carried SAE gross ratings of 271 hp (202 kW) @ 6000 rpm and 312 ft7lbf (423 N7m) @ 3400 rpm."
Only 7273 of the 680,989 Mustangs built in 1965 were K-Code (1.0%). Only a fraction of those were Fastbacks, and only a fraction of those fastbacks were factory GTs.
Listed in HIPOMUSTANG.com K-Code registry. Vintage Burgundy exterior, Palomino Pony (tan) interior, burgundy dash pad, 4 spd manual transmission, new 4-wheel disc brakes, added dual brake reservoir/lines for safety, Edelbrock intake, "Cobra" Valve Covers, Blaster Coil, headers, Pertronix electronic ignition, AM/FM Stereo, "TankArmor"-protected gas tank (isolates drop-in tank from interior for extra safety), seat belts front/rear, dual-exhaust, trumpets, styled-steel wheels, fog lights, full console, rally pac, floor mats. Clear title.
Needs: minor rust under front quarters, possible spot top rear near glass; car was keyed in 2-3 spots prior to my purchase in 2001 - filled with touch-up, but needs eventual professional paint repair (otherwise solid/sharp paint); needs rear-main seal replaced - minor oil leak now; possible battery drain (bad ground?) that also trips fuse to instruments/radio needs diagnosis/repair - I will include new battery.
Runs/shifts great... nothing to hide. This is an investment opportunity. With a little work, this could be a show car or could turn an immediate profit. I need my cash out of it... my loss is your gain.
Shown by appointment only. Please e-mail and leave name/number for call-back. Additional photos available. Serious buyers with funds immediately available only.
Thanks, Walt