Strengths
- Independent rear suspension transformed it
- GT350 5.2 flat-plane V8 is a future classic
- Big Brembos standard on GT Performance
- Fox-body parts community has aged in
Weaknesses
- Heavy
- Rear visibility
- 10-speed auto can hunt
- Interior still trails German rivals
Notable tech
- First Mustang IRS as standard
- MagneRide adaptive dampers
- 10-speed automatic
- Flat-plane crank V8 on GT350
- Carbon fiber wheels on GT500
Common issues
- Oil consumption on early 5.2 GT350 engines
- MT-82 manual notchy / TSB-prone
- Theta II oil pan leaks
- EcoBoost coolant intrusion in some 2.3 cars
Used-market budget
$28,000
Typical price point for a well-maintained example with full service history. Cars priced significantly below this often require remedial work.