Not sure if buying a 10-15 year old mustang is the smart idea

Asked by Feb 17, 2015 at 09:29 AM about the Ford Mustang

Question type: Shopping & Pricing

Currently 18 looking for my first car. Always have loved mustangs and I've found some
very cheap. Mostly from the early 2000's with decent mileage 130k to 160k. Just curious
on why they are so cheap. Would it be a bad decision to buy an older mustang? Would it
be too much to maintain? Would the car give me lots of problems? Any advice on getting
a first car would help. Thanks.

13 Answers

143,095

I don't know what your definition of 'cheap' is, but most people ask TOO much for the Foxbody Mustangs. (Through 2004) Mostly the 4 cylinder ones. But there is nothing wrong with them generally, if you accept the price, so be it Here is an article you might be interested in: http://www.americanmuscle.com/buying-a-foxbody-mustang.html

3 out of 3 people think this is helpful.
16,620

Good morning FordNut! I agree with FordNut even though I'm a TransAm guy. They are fun cars to drive, easy to work on, parts are everywhere and so are the high performance goodies. However, if you live anywhere where it snows this is not the car to drive in the winter. Also I thought the Fox body year were 1979-1993?

1 out of 1 people think this is helpful.
143,095

Good morning back at ya..now that 2004 figure came from http://en.wikipedia.org/wiki/Ford_Fox_platform /and copied and pasted: The Ford Fox platform is a rear-wheel drive, unitized-chassis automobile architecture that was used by Ford Motor Company in North America for various compact and mid-size automobiles from 1978 to 1993; a substantial redesign of the Ford Mustang in 1994 extended its life another eleven years. With the exception of the Panther platform, the Fox platform is the longest-produced vehicle architecture by Ford Motor Company" end quote. I fully understand Wiki is not always right, anybody can put in anything. But up to 2004 they were still unibody...so...?

1 out of 1 people think this is helpful.
16,620

Huh, learn something new every day I guess. My brother had about 4-5 mustangs when we were younger. The nicest being a 1993 Cobra. The only year they made the Cobra in that body style. Still worth today about what he paid for it back in the mid nineties. Ahh to be able to keep all the toys we had back in the day.

1 out of 1 people think this is helpful.
143,095

1964 GTO with 389 Tri-Power, when I was 17. My Mom hated that car, when you're 17 you are immortal you know. Fool that I am, I sold it for $200. I thought it had a blown head gasket, but I later learned it was a frigggin' freeze plug. Been kicking myself in the rear for 44 years

1 out of 1 people think this is helpful.
16,620

Nice car! And a Pontiac no less, LOL. Mine was a you guessed it a black1977 TransAm, then a red 67 Firebird convertible, then a black 88 GTA TransAm (first year for t-tops with the TPI 350). Then I got married. :(

1 out of 1 people think this is helpful.
555

Early 2000s Mustangs are cheap because: they're plentiful, and compared to the current Mustang (2005 to date) they leave a lot to be desired as a sports car. They're not BAD, they're just nowhere near as refined (ride, noise level, handling, etc...) as the newer model.

1 out of 1 people think this is helpful.
16,620

Yes but renzotl56 said he's 18 and wanting something cheap. An 05 and newer are much nicer cars but in no way cheap.

Yea thats why, Can't really look for newer models at the moment. Not enough money but a 2003 v6 around 3500 shouldnt be a bad decision rihgt?

With about 130k miles

16,620

Nope, but I will say take it to an independent mechanic and get his opinion on whatever you buy. A little $ spent up front will save you A LOT of headaches and $ down the road. Good luck.

Thanks !

56,715

Yes, definitely have it checked out by a competent mechanic. Run a vehicle history report on it such as carfax. Sometimes used sports cars are beat to death! HTH. -Jim

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