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Old 06-18-2014, 06:22 PM   #1
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2002 Premium Coupe @ 200k well maintained. Worth it?

Hey everybody, new to the forum, came here to get some input.

Browsing through craigslist I ran into a 2002 Premium Mustang. The sellers claims excellent condition inside and perfect body. He also says maintenance was done every 3k-5k miles. Unfortunately there's 200k+ on the odometer.

If he really did take great care of the car, will it last me for years to come? Or will I run into trouble quickly?

He wants $3500 for it. Of course I'll have a mechanic check it out but I heard that only goes so far.

2002 mustang fs/ft

Thanks I appreciate any input!
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Old 06-18-2014, 06:26 PM   #2
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$2k
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Old 06-18-2014, 06:26 PM   #3
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nope u can get a gt for that amount
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Old 06-18-2014, 06:28 PM   #4
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not even prob like 1.8k
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Old 06-18-2014, 06:47 PM   #5
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Not worth it. Get a GT. There's a guy on MM forums who bought a 200K mile gt in mint condition for $2500 I believe.
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Old 06-18-2014, 07:15 PM   #6
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You should be able to easily pick up a 94-98 GT with under 100k miles for that money, possibly a 99-02 GT if you play your cards right.

I'm 99% sure you'll be wishing you'd got a v8 after a short while, even if the current v6 is a clean 200k mile car.
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Old 06-18-2014, 07:25 PM   #7
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The 3.8l is pretty reliable, but at that price point you're near a high mileage GT. That car isn't worth much at all. I sold my 99 v6 for 3k and it only have 149k on it... I'd give 1.5-2k for it.
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Old 06-18-2014, 09:32 PM   #8
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Okay thanks everybody, I'll keep my eyes peeled. In my area the mustangs don't seem to be as cheap as you guys say.

Any other website to check out classifieds? Google has been showing me no love
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Old 06-18-2014, 09:37 PM   #9
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Big no but keep looking good luck
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Old 06-18-2014, 10:00 PM   #10
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Online forums and craigslist will be your best bet unless you have a contact that can find cars at auction for wholesale or something along those lines.

Be patient, it's the beginning of summer, people are throwing up mustangs on craigslist daily..the right deal/car will turn up.
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Old 06-18-2014, 10:55 PM   #11
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2002 Premium Coupe @ 200k well maintained. Worth it?

Quote:
Originally Posted by JoeMetro View Post
Okay thanks everybody, I'll keep my eyes peeled. In my area the mustangs don't seem to be as cheap as you guys say.

Any other website to check out classifieds? Google has been showing me no love

Yeah same here in Texas. Some of these guys on here say you can get a nice GT clean title for like 3-5k? Like where is that cuz a decent GT here is like 7-8k and that's with like 120k miles on them. I wanna come to where they live, buy all teh mustangs, and then bring them back home to sell for profits.
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Old 06-18-2014, 11:03 PM   #12
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See I would expect cars to be cheaper in states like Texas and California.

I can go on craiglist right now, search for 94-98 GT's near Madison or Milwaukee and find at least a page of them for 2-5k with under 170k miles.

Hell there's a clean title 00 GT that needs passenger glass and a good tune up for 3k obo.
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Old 06-18-2014, 11:06 PM   #13
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Quote:
Originally Posted by sonicpony03 View Post
See I would expect cars to be cheaper in states like Texas and California.

I can go on craiglist right now, search for 94-98 GT's near Madison or Milwaukee and find at least a page of them for 2-5k with under 170k miles.

Hell there's a clean title 00 GT that needs passenger glass and a good tune up for 3k obo.
Actually the opposite. I've noticed that car prices are much higher here in California than most other states.
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Old 06-18-2014, 11:09 PM   #14
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Originally Posted by sonicpony03 View Post
See I would expect cars to be cheaper in states like Texas and California.

I can go on craiglist right now, search for 94-98 GT's near Madison or Milwaukee and find at least a page of them for 2-5k with under 170k miles.

Hell there's a clean title 00 GT that needs passenger glass and a good tune up for 3k obo.

You would think it'd be cheaper, but yet it's not. Yet if you think about it, mustangs can drive a lot longer down here without worrying about snow. More joy time riding for a stang. People can actually dd them all year and be fine.. So more demand equals higher price. You can look good all year in Texas 8)
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Old 06-18-2014, 11:11 PM   #15
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Hawaii is way worse... A lot of cars there are almost double of what you'd find in the other 48. Another reason why I went with a mustang while I was there
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Old 06-19-2014, 08:35 AM   #16
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Hawaii is way worse... A lot of cars there are almost double of what you'd find in the other 48. Another reason why I went with a mustang while I was there
A common trick for people in the military going to Hawaii or overseas to Germany/Italy is to bring over a car you simply cannot get over there or is very rare and sell it for double or triple what its worth. A nice modded low mileage Mustang in Hawaii or over there is $$$$$. And the military ships one car for free overseas so there you go.

As far as the original post. 200k V6 is worth $1500. Doesn't matter how well it was maintained, the guy is smoking crack at that price.
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Old 07-06-2014, 12:09 PM   #17
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I bought my 03 with 39k for 8.5k at a auction in winter I scored ! and ps don't settle for the 6 cylinder go for the gt you'll enjoy it more


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Old 07-06-2014, 09:44 PM   #18
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In central Texas cars seem to be about double what everyone on the forums says they are worth.
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Old 07-07-2014, 09:08 AM   #19
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In central Texas cars seem to be about double what everyone on the forums says they are worth.

Yep! I'm in both Texas and that true for here also!
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Old 07-07-2014, 01:09 PM   #20
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Joe if your looking at a mustang at around 200 k make sure your the timing chain an guides have been replaced. I got a 03 gt prem for 3300. Granted I have put about 700 into it. Doing full service and changing some parts. Still have some things to do. But the car was worth it. Just keep looking. Your find a good deal


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