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All other factors being relatively the same and cars are equal condition wise, what would be the order in terms of value (least to highest) of these fastbacks and what would be the spread in $$$$ difference from top to bottom: 67 289 4v, 67 289 HiPerf, 67 390 4v, 68 302 4v, 68 390 4v.
 

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Typically a 390 will add 30 % to the "value",

And the GT, or GTA will add too.

Along w/air.
 

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Value depends on the individual cars condition.

My opinion for value:
Least to highest:
67 289-4v and 68 302-4v (pretty much a tie with the 67 289-4v)
67 390-4v and 68 390-4v (pretty much a tie with the 67 390-4v)
67 289 K code
 

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If all of the cars were in the same condition and the only difference was the engine type then I would rank them in this order.....

1) 67 K code 289-4V HIPO (very rare, last year)
2) 67 S code 390-4V (rare, 1st year)
3) 68 S code 390-4V (rare)
4) 67 A code 289-4V
5) 68 J code 302-4V
6) 67 C code 289-2V
7) 68 C code 289-2V
8) 67 T code 200-1V
9) 68 T code 200-1V
 

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I think it is good to note that, as i believe it goes, 68's were a cheaper car to produce (materials wise), mainly because union problems (a strike i think?) made labor costs go up, so they had to cut costs.

68's also do have better safety features though, due to DOT regulations change, including seatbelts, i believe the seatbacks clicked and stayed back instead of always being able to fold, the rag joint/crush column, etc.

On the other hand, 67's had better disk brakes (4 piston vs sliding 1 piston), more interior trim, and probably a few other more expensive things that I don't know of.

It all depends on how you value the options. I personally would buy whichever one you can get the best deal on, or whichever had the quarter panel decorations you like, and then fit all the good stuff from the other year that you want.
 

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It's worth noting, that the 68 disc brakes might be a little less hassle, but the 4 piston ones perform better. From what I hear, stainless steel brakes make the KH 4 pot brakes in aluminum instead of the stock cast iron. (I read that in a corner-carvers.com thread).
 

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Also consider that any even number year Mustang (except for 73) Ford built allot less of them. Generally this was the second year of the body type/style and production when down allot making them rarer (not always the key to $$$'s)

$$'s depends on the buyer and where they place value. A few things that can effect that

1. Performance options
2. Limited availability (in the two years you mentioned something like a fastback with deluxe bench would effect value - only year available)
3. Low mileage - untouched car - A repaint can almost completely erase this
4. Popular (today) original color. What was popular is not always popular years later

Hope this helps a little
 
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