Burned oil when I bought it.
Lost oil pressure when I was driving it home.
Leaky rocker cover gaskets made oil puddles on the intake manifold.
All around the motor leaks oil.
No rear brakes.
Quite rusty.
All around bad weather seals.
Catylitic converter was plugged.
Paint was very poor.
Dashboard wiring was a mess.
I bought this car a few years ago for $400. It was originally to be a daily driver until I realized its potential. Despite the rough and abused past of this car, it could still haul! Anywhere above 3,000 RPM the engine sounds like its coming apart (inherent V6 diesel sound) but it has the horsepower to burn the tires forever. A couple weeks after I bought it, I decided that it needed a restoration. After much investigation, I found the back part of a circuit breaker box screwed into the floor patching just about all of the passenger floorboard. It was also apparent that the rear-quarter panel had been replaced, though well done probably by a body shop. As of the present, I should be finishing the car within a couple months. I love this car and there is no amount of work that could make me think less of it.
"...horsepower to burn the tires forever"?
No offense, but the 3.8 in your Mustang puts out 112 hp, which is much less than a late model Corolla, hardly a performance car...
True.. and I must be getting all of them because it really will spin the tires on pavement for a while- effortless burnouts- just floor it and enjoy. Surely you must consider how light this car is?!?
Just in case someone ever bothers to read this the second post up is incorrect.
In '86 the 3.8 cfi v6 put out 120hp, not 112hp like the early carbed models.
While it won't "light up the tires forever" it does put out a decent amount of torque.