The first-generation Ford Boss 302 Mustang spawned due to the intense rivalry Ford had with Chevrolet during the 1960s. Sitting in a garage since 1976, we stumbled across a truly rare find: a 1970 Ford Mustang Boss 302.

Not too shabby for 45 year old paint.

The 302 cubic-inch 5.0 liter V8 engine under the hood is a composite engine that uses a Windsor block and expansive Cleveland cylinder heads.

Back to the topic at hand, the 302 cubic-inch V8 engine “G Code” engine cranks out 290 horsepower and 290 lb./ft. of torque. Designed by the renowned visionary Larry Shinoda, the Boss 302 Mustang is just another masterpiece in Shinoda’s portfolio of ingenious automotive design.

Not to mention, Shinoda is credited with the original design of the 1963 Mako Shark I concept car and the 1963 and 1968 Chevrolet Corvette Sting Ray. Working for both rival companies during the ‘60s, Shinoda wanted to share his vision with the world.

This Boss 302 Mustang needs some wheels to spice things up.

Manufactured specifically for the Trans Am Road Racing Series, the Boss 302 Mustang has several unique features. From a competition-tuned suspension and Hurst shifter to a redesigned dual exhaust system and shaker hood scoop, the Boss 302 Mustang was built for one purpose; racing.

Although this Boss 302 doesn’t need a considerable amount of work, it needs some tender loving care. Maybe a little bit of elbow grease, new wheels, and some engine lubrication will get this pony into tip-top shape.

What would be your first order of business with this Boss 302 Mustang? Is the $45,000 asking price too high? Feel free to share your thoughts below.