Woman bought world’s first Ford Mustang in 1964 for $3,500, now valued up to $450,000

Gail Wise, 76, of Park Ridge, Illinois, never knew there was a piece of treasure in her garage until more than four decades later.

Sometime around 2008, Gail’s husband, Tom, learned something special about the baby-blue Ford Mustang that was sitting in their garage for years.

Very cool to meet Gail Wise and her husband Tom….Gail is the first person to buy a Mustang on April 15th 1964…2 days…

تم النشر بواسطة ‏‎Rob Bohuslav‎‏ في السبت، ١٩ أبريل ٢٠١٤

When Tom was searching for car parts on the internet, he read a story about a person who claimed to own the first Ford Mustang, which he purchased on April 16, 1964. Tom recalled Gail bought the Mustang a day earlier than that person.

“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,” Gail told Detroit Press.

This surprising discovery meant Gail was actually the world’s very first owner of a Ford Mustang. And what’s more, Gail’s fully restored Mustang is believed to be valued around $350,000 to $450,000!

Back in April 15, 1964, when Gail was a teacher, the then-22-year-old went with her parents to visit car dealership Johnson Ford on Cicero Avenue in Chicago. Gail’s parents lent her half of the money she needed to purchase the “top-secret” baby-blue Mustang priced at $3,447.50.

©Getty Images | JEFF KOWALSKY

Ford distributed Mustangs to dealerships two days before its official release at the World’s Fair in New York on April 17, 1964, and the dealer sold it to Gail!

“I was excited. It was sporty. It had bucket seats [and a] transmission on the floor. I said, ‘Oh, yes! I want it,” Gail told ABC News.

She remembered driving the convertible out of the showroom “with everyone waving at [her] and asking [her] to slow down.”

“I felt like a movie star at 22 when I bought the car,” Gail said.

“TV ran a lot of advertisements for Mustang but they never showed the car. They just showed the logo and said, ‘It’s coming.’”

©Getty Images | Scott Olson

Gail drove the Ford Mustang for 15 years up till it broke down in the late 1970s, according to Chicago Tribune. Since then, the vehicle was kept in her family garage.

Gail wanted to discard the Mustang; however, Tom refused to sell it for junk, insisting he’d fix it himself one day. Luckily, Tom stood his ground.

On Aug. 8, 2018, Gail, the proud owner of the first Ford Mustang, was invited to celebrate Ford’s ten-millionth Mustang at its headquarters in Dearborn.

Very cool to meet Gail Wise and her husband Tom….Gail is the first person to buy a Mustang on April 15th 1964…2 days…

تم النشر بواسطة ‏‎Rob Bohuslav‎‏ في السبت، ١٩ أبريل ٢٠١٤

She showed off her baby-blue restored convertible at the event and during the Woodward Dream Cruise at Ford’s Royal Oak site. Gail was thrilled with all the attention.

“It’s like being a movie star at 76,” she said.

The only regret Gail has is that her parents were no longer around to witness this moment.

It’s interesting how something deemed a worthless junk can turn out to be something of value. Next time you want to get rid of an old item, think again!

Watch the video below:

 

Guy Surprises His Dad By Giving Him His Dream Car

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