Why are old Mustangs so cheap?

Classic Mustangs are as affordable as they've ever been because there are so many for sale in light of tough economic times and an aging seller population trying to downsize. Even concours-restored and low-mileage unrestored classic Mustang sale prices are down.

Are old Mustangs reliable?

The first two generations of the Ford Mustang created a legacy in the automotive industry. There is a reason you still see so many classic Mustangs on the road today. They are one of the most reliable classic cars out there. As with any older vehicle, there needs to be proper maintenance and upkeep.

Is it worth it to buy an old Mustang?

Of all classic cars, Mustangs were quite literally built to be reliable, and today's technology has made it possible and accessible to extend their lives almost indefinitely. In milestone and monetary terms, they make a good investment.

Why is the Ford Mustang so cheap?

So why are Ford Mustangs so cheap? Used Ford Mustangs are so cheap because there are just so many of them out there. Since 1965, almost 10 million of them have been sold. With that many of them on the road, there will always be a good used market with some incredible deals.

Do old Mustangs hold their value?

A Ford Mustang will depreciate 43% after 5 years and have a 5 year resale value of $20,957. The iconic Ford Mustang does a great job at holding its value, and ranks in the top 25% of popular models at both years 5 and 7.

The Truth About Buying a Ford Mustang

Do Mustangs have a lot of problems?

The Ford Mustang enjoys above-average reliability, with some of its model years scoring better than others. RepairPal gave it a rating of 3.5 out of 5.0, ranking it 20th out of 24 for midsize cars in its category.

Do Ford Mustangs break down a lot?

Mustangs have a knack for idling rough. This is probably due to the fact that people like to drive their pony fast, the faster, the better. The owners are used to dogging out their cars, probably because most models of Mustang break down so often and depreciate so fast it really doesn't matter.

Are Used Ford Mustangs reliable?

U.S. News ranks the Ford Mustang #1 in sports car reliability, which is impressive for a high-powered and tech-filled muscle car. A reputation for reliability is also what makes the Mustang, in a variety of model years, one of the best rental cars.

Are 1965 Mustangs reliable?

The 1965 Mustang convertible was one of the best cars ever made it's very reliable and a fun car to drive. Rating breakdown (out of 5): Comfort 5.0.

Are 1965 Mustangs easy to work on?

They are simple to work on and parts are readily available, and cheap.

What year Mustang is best to restore?

To get the best restoration project ROI, the first-generation Mustangs prior to 1970 (1965-1968 being the best years) offer the most payback. These models are rare, long gone from junkyards, and hard to find in the average newspaper (or Craig's List) classified section.

Are Mustangs cheap to fix?

The table below shows a complete ranking of how various cars rank in this overall system as some comparison. Given that the Ford Mustang has an average of $709 and that the average vehicle costs $651 annual --- the Mustang is substantially cheaper to maintain.

How long do Mustang engines last?

According to Motor and Wheels, an average Ford Mustang can make it to 200,000 miles. They explain that with the proper care and attention to maintenance, it can go even longer. One owner of a 1996 Mustang GT got 300,000 miles out of it with only clutch problems during his ownership.

Are Mustangs good after 100k miles?

If you've found a Mustang in fantastic condition that has over 200,000 miles on it, and you can't let it out of your sight, you can still buy it. You'll just need to be wary that various parts and systems of the car may not last much longer.

How reliable are Mustangs?

The Ford Mustang Reliability Rating is 3.5 out of 5.0, which ranks it 20th out of 24 for midsize cars. The average annual repair cost is $709 which means it has average ownership costs. The severity of repairs is average and the frequency of those issues is low, so major repairs are uncommon for the Mustang.

Are V6 Mustangs fast?

Power and Performance

Although the GT model is a powerhouse, the V6 Fastback is far from being slow. Designed with a Ti-VCT induction system, the V6 model produces a satisfying 300 horsepower. The V6-powered coupe only takes 5.8 seconds to reach 60 mph.

How expensive is it to maintain a Mustang?

Ford Mustang Maintenance Costs

A Ford Mustang will cost about $7,093 for maintenance and repairs during its first 10 years of service. This beats the industry average for popular coupe models by $78. There is also a 20.79% chance that a Mustang will require a major repair during that time.

Which Mustang engine is best?

Are Mustangs expensive to insure?

Ford Mustangs tend to be expensive to insure. Ford Mustangs are designated as sports cars and have high theft rates, according to the most recent data from the National Highway Traffic Safety Administration. These factors likely lead to higher insurance rates because they make the model riskier for insurers to cover.

Why are Mustangs heavy?

Mandatory Airbags, ABS/Traction Control systems and high strength steel are heavy. Cars of the 80s/90s needed none of these. The ~425lb difference is reasonable considering the extra size. Of course a two seat 370z would weigh less than a 4 seat mustang.

Is a Mustang faster than a BMW?

Zero-to-60-mph times also showed how tricky the Mustang was to launch: The BMW rang up a zero-to-60-mph time of 4.15 seconds, very near the official numbers BMW touts, while the Mustang managed 5.32 seconds.

Are Mustangs cool cars?

Thus, the Mustang was designed to be a sporty car that gave drivers the feel and sensation of being in a sports car without the practical drawbacks. The muscle Mustangs are some of the coolest cars ever: The Mustang legend is firmly rooted in iconic model names like GT350, Boss 302 and Boss 429.