Is the 2002 Mustang GT a Good Choice?

How’s the 2002 Mustang GT? I’m not super familiar with these cars, but I’m considering one for some fun weekend drives. It checks a lot of my boxes, and I’m not looking for anything too fast, just something enjoyable to cruise around in. I’m also weighing it against a 2007 G35 coupe with 80k miles.


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It’s not incredibly fast in stock form, but it’s a blast to drive and can handle daily use like a champ. Most cars wouldn’t keep up

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Honestly, $10,000 for a 22-year-old car feels a bit steep in any market.

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Yeah, I totally agree. I wouldn’t pay that asking price either. I’m more curious about how the car performs overall!

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If it’s in decent shape, you could probably get at least $7,500 for it, especially in Massachusetts where rust can be a huge issue for older cars.

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I’ve seen rough 240SXs that are 30 years old going for that price, so I have to disagree.

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That doesn’t necessarily mean it’s a smart buy, though.

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I think it’s a nice car! I really love the look of them, and it’s not too far from me, haha. They aren’t the fastest, but with that V8, they do sound great. Personally, I’d choose this over a G35 any day.

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Yeah, I’m not really after speed either; I just want something fun to drive, and I find that manuals are a blast.

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These Mustangs have enough torque to feel quick off the line. They might run out of steam at higher speeds, but you can easily swap out gears for better acceleration.

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I have a 2000 GT, and it’s such a fun car! I plan on keeping it forever. A lot of folks don’t realize that modifications don’t really boost the car’s value significantly. You might spend $20k on mods, but that might only take a $5k car to $7k, not $25k. Anyway, it’s a great car, just don’t overpay for it. I snagged mine for $3k back in 2019.

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What do you think a fair price would be for this one?

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A fair price is usually different from what they’re asking. For these models, with common mods, I’d say stock ones are around $5k, and with upgrades, maybe $6.5k to $7k at best.

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It really depends on how you feel about the modifications and the condition of the interior. Stock versions with similar mileage typically go for around $6k. I sold my 2003 with 100k miles for $6k earlier this summer, even with a rough clear coat and an engine replacement history. If the modifications are done well, maybe $9k is reasonable. I’d try to negotiate down to $8,500, though.

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I used to have a 2001 Convertible, and I absolutely loved that car! Nothing ever went wrong (unless I messed it up, haha). They produce 300 ft-lbs of torque, and while the 2V V8 isn’t the top tier, it sounds awesome with the right exhaust! You can add superchargers or turbos, but if you push over 400-450 rwhp, you might want to be cautious with the stock motor.