|Sporty/performance car; Built in USA|
|Good condition price range: $1,000 – $3,400*|
1992 Ford Mustang GT 2-door convertible
1993 Ford Mustang GT 2-door hatchback
1990 Ford Mustang 2-door hatchback
1992 Ford Mustang 2-door convertible
1991 Ford Mustang interior
To be frank, few other cars offer as much bang for the buck as a Mustang. Only the Chevrolet Camaro and Pontiac Firebird rank as true rivals. Despite high insurance rates and poor gas mileage, Mustangs still deliver good overall value, new or used.
By 1990, this generation of Ford’s popular rear-drive ponycar was more than a decade old, having been introduced for 1979. Mustangs came in coupe and convertible form, accompanied by a 2-door hatchback coupe. All three body styles were available in LX trim with a standard 2.3-liter 4-cylinder engine or optional V8 (dubbed LX 5.0L). The high-performance GT was limited to hatchback and convertible bodies and included the V8 engine. A driver-side airbag arrived for 1990, along with rear shoulder belts.
Four-cylinder engines gained two spark plugs per cylinder and 15 horsepower, now rated at 105. Convertible tops now folded closer to the body. Automatic transmissions added a brake/shift interlock.
Color-keyed bodyside moldings and bumper rub strips decorated LX Mustangs, and all got a new dome lamp. In short, nothing much was new.
A limited-edition Cobra emerged in 1993 with a modified 245-horsepower engine. Marketed only with 5-speed manual shift, Cobras also employed an altered suspension for tighter-yet handling, 4-wheel disc brakes, and 245/ZR17 tires (versus 15-inchers for “lesser” Mustangs). Ford had a rounder, redesigned Mustang waiting for debut as a ’94 model.