Man bought a completely totaled Boss 302 Mustang for ‘pennies on the dollar’ that came with unexpected positives
- Restorers buy totaled cars from salvage auctions all the time
- This man also bought a wrecked Boss 302 Mustang to fix it
- However, he was quite surprised after inspecting the car
Published on Jan 08, 2025 at 2:39 PM (UTC+4)
by Nalin Rawat
Last updated on Jan 08, 2025 at 2:42 PM (UTC+4)
Edited by
Tom Wood
This man bought a completely totaled Boss 302 Mustang from a salvage auction for a fraction of what it’s worth with plans to rebuild it and put it back on the road.
Unfortunately, the car was heavily damaged, so it took quite a bit of effort to restore it back to its full glory.
However, despite buying the car for ‘pennies on the dollar,’ it came with quite a few unexpected positives.
What started out as a cheap salvage car turned into a gold mine.
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Totaled Boss 302 Mustang
Lee Carter from the ScrapLifeLee YouTube channel took a huge leap of faith when he bought this totaled Boss 302 Mustang.
Fortunately, the car came with quite a few surprises like rare parts that were still intact.
However, the left side of the car was completely caved in.
Fortunately, this isn’t the first time that Carter has rebuilt totally wrecked cars.
Just a few months ago, he bought a stolen Dodge Demon 170 with a destroyed chassis for $20,000 and completely rebuilt it.
So, if anyone can restore this car, it’s him.
Rare parts
The totaled Boss 302 Mustang also came with a race-spec ‘Roadrunner’ V8 engine with 444 horsepower.
Other than that, it also came with upgraded suspension components, an aluminum driveshaft, and a swapped T-56 Magnum transmission.
“This kit (transmission) with no clutch and no drive shaft, which are really expensive in their own right costs $4,500. We only paid $9,000 for the car,” said Carter.
The transmission alone adds significant value to the American muscle car.
Considering he only paid $9,000 for the car, he can easily make a decent amount of money just by selling the parts.
However, due to the crash, the chassis of the Boss 302 Mustang is completely compromised.
So they decide to use a separate red Mustang as a shell for the car.
Eventually, they completed the build for under $18,000, which is no mean feat.
It just goes to show, there’s treasure out there for those who are brave enough to go looking for it.
Nalin started his career by working with various national newspapers in India. He has also worked as a writer/editor for many popular websites, while still pursuing his journalism and mass communication degree. Working as a digital nomad has allowed him to inform and educate through his work. When he is not writing, you can find him playing video games or travelling the mountains on his bike.
