Owner Of The First Ford Mustang Kept The Car Now Worth $350,000

The 10,000,000th Mustang has been all over the news since its release last week. But what happened to the 1st ever made? The original owner still has it. And it’s worth $350,000!

Tom and Gail Wise are the owners of the original pony car. Ironically, they disagreed about whether the broken-down car should be kept away in the garage for 27 years or sold for junk. Tom insisted they keep it because one day he would fix the vehicle himself. And boy what a good decision that turned out to be!

The skylight blue convertible Ford Mustang was purchased at age 22 in 1964, by Gail and their family of six drove ended up driving it around for 15 years. One day, it stopped running and sat in storage until Tom retired. He decided it was time to fix it up and started hunting the internet for car parts. It was then that he discovered a story about someone with a similar car who claimed to be the very first Mustang owner, with a purchase date of April 16, 1964. In the interview with the Associated Press, Gail said she thought that might be wrong.

“Tom came to me and said, ‘I think you bought the car a day earlier,’ ” Gail Wise recalled. “And, sure enough, he went down to the basement and found the receipt and the owner’s manual. Sure enough, I had purchased the car on April 15.”

“We had everything,” Gail Wise said. “We didn’t know it was anything special. But we kept the new car invoice, the registered owners manual. Tom’s a saver.”

With the release of the 10,000,000th Mustang making headlines, the Wise’s are in the spotlight with their original! It will be on public display in Royal Oak, Mich.