Could you imagine owning and driving a used car worth well over six figures? It’s probably a bit easier to imagine if the car you’ve been driving for the better part of 50 years is the first Ford Mustang ever sold.
Gail Wise bought the first Ford Mustang to roll off a dealership lot a whole two days before it made its debut — she purchased her Mustang convertible on April 15, 1964, and the Mustang premiered at the World’s Fair on April 17.
“I told the salesman I wanted a convertible and he said, ‘I have none on the floor. Come into the back room, I have something special to show you,’” Gail told USA Today. “There were two Mustangs, one was a hard top. And he didn’t even bother to show me that one. He lifted the tarp and I knew that convertible was for me.”
After using it as a daily driver for 15 years, the Mustang broke down. Gail considered junking or selling it, but her husband, Tom, urged her to keep it so that it could one day be restored. Eventually, it was confirmed that the Mustang convertible Gail purchased in 1964 was the first ever sold, and that restored pony car makes the rounds to this very day with Gail and Tom in tow. It most recently showed up to an August celebration commemorating the production of the 10 millionth Mustang ever built
According to, Jonathan Klinger, spokesman for Hagerty, the Wises’ restored Ford Mustang is worth $350,000 to $450,000 today — a considerable increase from its original purchase price of $3,447.50. While we can’t guarantee that every Ford Mustang driven off the lot at Gurley Motor Company will become an instant collector’s item, we can promise that each one will make you feel like a million bucks.