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Old 11-29-2015, 02:15 PM   #1
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Looking for First Mustang

Hello all. I am looking to buy my first Mustang. I have owned many vehicles in my life but the one car I have not owned is the Mustang. I've been looking for 2 weeks and it seems there are tons of mustangs out there, most of them in very poor shape and a lot over priced. I am looking to buy around Biloxi Mississippi but will travel for the right vehicle. Looking to spend around $6-$7,000. This will be my second car used as a scoot around - fun vehicle. Any advice/guidance on what years/model/options to look for would be really appreciated.

Thanks and glad to be a part of the community!
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Old 11-29-2015, 02:18 PM   #2
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It's all depends on what you want to do with the vehicle. Will it be a daily driver or just modded and used for racing? (On a track of course) lol

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Old 11-29-2015, 02:24 PM   #3
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It will be my second daily driver that I will eventually turn into a weekend warrior show car that I will race from time to time. Would definitely like a V8/manual but considering a newer V6 as well. Price is key for me with this car at this point.
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Old 11-29-2015, 02:37 PM   #4
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Probably one the best bang-for-the-bucks is any Fox body LX or GT 5.0. These were easy to drive, lots of mods available, and even stock were GREAT sleepers. They made these for many years and there are TONS of them around, some with comparably low mileage. Some are even around that have been completely rebuilt with new engine, trans, shocks, wheels and tires. If you can find one of these, they are a really fun, reliable car.
For example

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Old 11-29-2015, 03:00 PM   #5
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Yeah I've always liked those. But I was looking to buy the newest model possible for the money. I am eyeing up some 2003-2006 GTs. I don't know much about them but from what I have read they are pretty well built and reliable.
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Old 11-29-2015, 03:04 PM   #6
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This is one I am considering. It's about an hour away from me so trying to research as much as possible prior to driving to see it.

https://batonrouge.craigslist.org/cto/5322230381.html
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Old 11-29-2015, 03:05 PM   #7
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Yeah I've always liked those. But I was looking to buy the newest model possible for the money. I am eyeing up some 2003-2006 GTs. I don't know much about them but from what I have read they are pretty well built and reliable.
Although this one is priced probably a little high, what you describe is a LOT more money that what you say your budget is


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Old 11-29-2015, 03:07 PM   #8
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Looking for First Mustang

Might consider 96-01 Cobras. Right around your price range; the newer cobras, 99 and 01, might be a little higher.


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Old 11-29-2015, 05:47 PM   #9
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I've been talking with a guy with a 2003 GT convertible in dark shadow grey, manual trans and 115,000 miles in real nice condition. Does have some hood paint fade where the clear is gone so I would have the hood redone. Also has a dollar bill sized crease on the rear quarter panel I would take care of. Other then that he says the paint is like new. Interior leather is in great condition. Upgraded wheels and tires and some other mods like exhaust and intake. What should a GT like this sell for?
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Old 11-29-2015, 06:00 PM   #10
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Any pictures?


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Old 11-29-2015, 06:02 PM   #11
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I do. How do I post them on the forum?
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Old 11-29-2015, 06:03 PM   #12
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Thought I had it....
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Old 11-29-2015, 06:06 PM   #13
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If you have a license plate of the car you are looking at I can check the carfax for you. I have a subscription until end of December.
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Old 11-29-2015, 06:15 PM   #14
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I just created an album through my control panel and uploaded some pics there. Waiting on license plate number. Owner said he would run a carfax for me.
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Old 11-29-2015, 09:44 PM   #15
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Is the one you're describing the same on in the craigslist ad you posted farther up?

If so I would definitely look into all the wiring/hookups for the aftermarket audio. It's one of those things that can be easily dicked up. Normally I'd say check the factory upper intake but the ad claims to have replaced it. The factory plastic ones are prone to cracking after a while.

Are you dead set on a convertible? You can save bit of money getting into a coupe instead.

As Recon said a 96-01 Cobra with under a 100k miles would be in your price range or right at the top of it. Better platform imo to start with over the 2v's. Quite a few differences between the 96-98's and 99/01's, so if they do interest you at all it'd be worth researching.
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Old 11-29-2015, 10:33 PM   #16
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Might consider 96-01 Cobras. Right around your price range; the newer cobras, 99 and 01, might be a little higher.


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+1 wish I would've done this


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Old 11-30-2015, 02:20 PM   #17
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yes it's the car in the add on craigslist. The owner will be removing the aftermarket sub. A big factor in this is the resale value. I move around a bit and may have to sell it in 4 months so looking at what would sell best.
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Old 11-30-2015, 02:54 PM   #18
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I'd consider that car priced high for the area. 5500 would be about right.

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Old 11-30-2015, 02:58 PM   #19
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I'd consider that car priced high for the area. 5500 would be about right.

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He said he would take $6200 but I agree that is a bit much.
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Old 11-30-2015, 03:09 PM   #20
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you shOuld have no problem finding a nice Mustang for that .I bought a 1998 4.6 5spd with 55k miles for $5500. check E BAY
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Old 11-30-2015, 03:21 PM   #21
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The clean ones are way over priced here. I found what looks to be a very clean 2003 convertible, a different one, with 57,000 that the owner is stuck at a selling price of $9,000. That's way too much even at those miles. I have cash, looking to buy. Some people are soo clueless!
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Old 11-30-2015, 04:35 PM   #22
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you got that right! some people r just nuts. what area are u looking in? Im in PA . LOTS of good at fair prices here.
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Old 11-30-2015, 05:19 PM   #23
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From LI - NY but in Biloxi Mississippi for a while.
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Old 11-30-2015, 06:00 PM   #24
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thats a big differance in locations, wow, so I guess u r looking to buy in Mississippi area. I live in the pocono mnts off RT80 in Pa, 100 mi from Philly , good area for used car buying.I picked up a 06 GT Convertable premium pkg with 70 k for 10 grand this summer.
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Old 11-30-2015, 06:21 PM   #25
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A decent 03-04 new edge GT is worth 5-7k with average mileage in my area. I've looked at quite a few and that's where the average run of the mill ones seem to fall with normal wear and tear.


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Old 11-30-2015, 06:53 PM   #26
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Dave73 how far r u from Rising Sun in Cecil Co ?
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Old 11-30-2015, 07:07 PM   #27
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Dave73 how far r u from Rising Sun in Cecil Co ?

Probably about 2.5 -3 hrs.


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Old 11-30-2015, 07:12 PM   #28
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Yeah I need to buy down here. My truck is in NY so I am needing a car real bad.
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Old 11-30-2015, 08:21 PM   #29
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I can actually go up to $11,000 but I really wanted to keep the payments low. I guess if I can get the newer style 2005 plus I would go higher if it was a super clean GT with low miles.
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Old 11-30-2015, 08:34 PM   #30
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I'd look at a nice cobra or possibly a Mach 1, or at least consider them in your decision at that price. Just saying they've got potential too.


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Old 11-30-2015, 09:57 PM   #31
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Carfax gone
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Old 12-01-2015, 12:34 AM   #32
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Be very thorough on each car you look at in that area. Hurricane Katrina left dozens and dozens of vehicles water damaged. Just make sure if you get one that was in the storm that it was properly repaired.

Just my opinion due to your location.


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Old 12-01-2015, 11:37 AM   #33
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in case u are not aware , the heads & intake manifold r not as good on 94 - 98 models, loose about 40 - 50 HP COMPARED TO 99 UP , I believe most owners who want to go fast swap them out for 99 to 04 heads , I did , what a differance!! Good Luck in your search & let us know how u do.
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Old 12-14-2015, 01:36 PM   #34
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If your budget is $11K max, then you should really contact your bank and ask about new car loans and how old "new" is. In my Credit Union's case, most low mileage CPO cars qualify for the same terms, which can be in the 2% range. This can make the payments closer to $300 a month for something that is better and more reliable than a 10+ year old car that probably has problems. I see 2014 low mileage V6 manual base models for around $17K. The dealers are asking $17-18K, but that's almost full retail. $16K is closer to what you'd actually pay if you haggle, since manuals are less desireable and harder for them to move.

Work out the math. In my case, new made the most sense as it was only $100 more a month than a used car. The fuel savings on the 13 and 14 V6s can be $100 a month if you drive $15-$20K a year over an older V6 or V8.
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Old 12-14-2015, 05:51 PM   #35
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I think I may have found a car! It's at a local dealership. One owner no accidents. It was first purchased and registered in December 2005 which was after Katrina so I know the car hasn't been subjected to that.
2006 v6 5spd with 115,000 miles clean carafe. I would say good shape. Not as clean as I want but after I spend a weekend on the car she should look about an 8/10. Leather has some orange tint to the edges which I believe is dirt so some cleaning and conditioning should bring the tan leather back up nice. Shaker sound system as well. $7000
I just don't have any maintenance history of the car. She shifts great and rides smooth. Anything I should look into with this particular car? I am going to look through the forums for the 100,000 mile maintenance recommendation and try to see if it was done. I will most likely take it to a shop tomorrow to have them perform a pre-purchase inspections as well.
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