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← Ford Mustang · 1994-2004 · SN95

Ford Mustang SN95

First modern Mustang. New Edge facelift in 1999. Cobra R is the cult pick.

Verdict
B
BHP
260 bhp
0–60
5.6 s
Top speed
147 mph
MPG
20.0 mpg
Used
$4,000-$25,000

Strengths

  • Big used market, parts everywhere
  • Cobra R variants are now collector items
  • New Edge styling holds up
  • Affordable V8 ownership

Weaknesses

  • Live rear axle on most
  • Interior plastics are bargain-grade
  • Body flex on convertibles
  • Performance well behind modern cars

Notable tech

  • 5-speed Borg-Warner T-45 manual
  • SVT Cobra IRS option
  • Mach 1 shaker hood
  • OHV Modular V8 (early) into DOHC (Cobra)

Common issues

  • Spark plug ejection on 4.6 V8 (pre-2003)
  • Intake manifold cracking on early 4.6
  • Differential whine on high-mileage cars
  • Rust in rear quarter panels and floor pans

Used-market budget

$10,000

Typical price point for a well-maintained example with full service history. Cars priced significantly below this often require remedial work.