1994-2004 Ford Mustang: Prices
Updated: 11/23/08
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Our price chart for this generation Ford Mustang details a range of prices in
year-by-year listings based on vehicle mileage and condition.
| Prices | Good | Average | Poor |
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| 2004 | |||
| Cobra Convertible | $21,300-23,000 | $19,600-21,200 | $13,800-15,000 |
| Convertible GT Coupe | $10,000-12,200 | $9,000-11,000 | $5,200-6,300 |
| GT Convertible | $13,500-14,700 | $12,300-13,400 | $8,000-8,700 |
| Mustang | $8,500-9,500 | $7,700-8,600 | $4,400-4,900 |
| Mustang Cobra | $19,500-21,000 | $17,900-19,300 | $12,700-13,700 |
| Mustang Mach 1 | $14,500-16,000 | $13,200-14,600 | $9,000-9,900 |
| 2003 | |||
| Cobra Convertible | $17,800-19,300 | $16,400-17,800 | $11,400-12,400 |
| Convertible GT Coupe | $8,400-10,500 | $7,600-9,500 | $4,400-5,500 |
| GT Convertible | $11,700-12,700 | $10,500-11,400 | $6,400-7,000 |
| Mustang | $7,000-7,900 | $6,200-7,000 | $3,300-3,700 |
| Mustang Cobra | $16,000-17,500 | $14,600-15,900 | $10,200-11,200 |
| Mustang Mach 1 | $12,500-13,800 | $11,300-12,400 | $7,100-7,900 |
| 2002 | |||
| Cobra Convertible | $14,500-16,000 | $13,200-14,600 | $9,000-9,900 |
| Convertible GT Coupe | $7,100-8,900 | $6,300-7,900 | $3,400-4,300 |
| GT Convertible | $10,200-11,200 | $9,200-10,100 | $5,300-5,800 |
| Mustang | $5,800-6,600 | $5,000-5,700 | $2,400-2,800 |
| Mustang Cobra | $13,000-14,000 | $11,800-12,700 | $7,500-8,100 |
| 2001 | |||
| Bullitt Coupe | $9,500-10,700 | $8,600-9,600 | $4,900-5,600 |
| Cobra Convertible | $12,000-13,200 | $10,800-11,900 | $6,700-7,400 |
| Convertible GT Coupe | $6,100-7,700 | $5,300-6,700 | $2,600-3,300 |
| GT Convertible | $8,700-9,700 | $7,800-8,700 | $4,500-5,000 |
| Mustang | $5,000-5,800 | $4,300-4,900 | $2,000-2,300 |
| Mustang Cobra | $10,800-11,800 | $9,700-10,600 | $5,800-6,400 |
| 2000 | |||
| Convertible GT Coupe | $5,200-6,500 | $4,400-5,500 | $2,100-2,600 |
| GT Convertible | $7,400-8,300 | $6,700-7,500 | $3,700-4,200 |
| Mustang | $4,300-5,000 | $3,600-4,200 | $1,500-1,700 |
| 1999 | |||
| Cobra Convertible | $9,000-10,000 | $8,100-9,000 | $4,700-5,200 |
| Conv., GT Coupe | $4,600-5,800 | $3,900-4,900 | $1,700-2,100 |
| GT Convertible | $6,600-7,400 | $5,800-6,500 | $3,000-3,400 |
| Mustang | $3,800-4,500 | $3,100-3,700 | $1,200-1,400 |
| Mustang Cobra | $8,000-9,000 | $7,200-8,100 | $4,100-4,600 |
| 1998 | |||
| Cobra Convertible | $7,900-8,900 | $7,100-8,000 | $4,000-4,500 |
| Conv., GT Coupe | $4,000-5,000 | $3,300-4,100 | $1,300-1,600 |
| GT Convertible | $5,800-6,500 | $5,000-5,700 | $2,400-2,700 |
| Mustang | $3,300-3,900 | $2,600-3,100 | $800-1,000 |
| Mustang Cobra | $7,000-7,800 | $6,200-6,900 | $3,300-3,700 |
| 1997 | |||
| Cobra Convertible | $7,200-8,000 | $6,400-7,100 | $3,500-3,900 |
| Conv., GT Coupe | $3,600-4,300 | $2,900-3,400 | $1,000-1,200 |
| GT Convertible | $5,100-5,800 | $4,300-4,900 | $2,000-2,300 |
| Mustang | $2,900-3,500 | $2,200-2,700 | $700-800 |
| Mustang Cobra | $6,300-7,100 | $5,500-6,200 | $2,800-3,100 |
| 1996 | |||
| Cobra Convertible | $6,500-7,300 | $5,700-6,400 | $2,900-3,300 |
| Conv., GT Coupe | $3,200-3,900 | $2,500-3,000 | $800-1,000 |
| GT Convertible | $4,500-5,200 | $3,700-4,300 | $1,600-1,900 |
| Mustang | $2,600-3,200 | $1,900-2,400 | $500-700 |
| Mustang Cobra | $5,800-6,600 | $5,000-5,700 | $2,400-2,800 |
| 1995 | |||
| Cobra Convertible | $5,800-6,600 | $5,000-5,700 | $2,400-2,800 |
| Conv., GT Coupe | $2,900-3,600 | $2,200-2,700 | $700-800 |
| GT Convertible | $4,000-4,800 | $3,300-3,900 | $1,300-1,500 |
| Mustang | $2,300-2,900 | $1,700-2,100 | $400-600 |
| Mustang Cobra | $5,100-5,800 | $4,300-4,900 | $2,000-2,300 |
| 1994 | |||
| Cobra Convertible | $5,300-6,100 | $4,600-5,200 | $2,200-2,500 |
| Conv., GT Coupe | $2,700-3,400 | $2,000-2,600 | $600-700 |
| GT Convertible | $3,600-4,400 | $2,900-3,500 | $1,000-1,200 |
| Mustang | $2,100-2,700 | $1,500-1,900 | $400-500 |
| Mustang Cobra | $4,500-5,200 | $3,700-4,300 | $1,600-1,900 |
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This chart details a range of prices in year-by-year listings for vehicles in three condition levels:
Good: a clean low-mileage, solid-running vehicle that needs little or no repair.
Average: a car with normal miles on the odometer, perhaps a few scrapes or dings;
engine might need a minor repair or two, but runs acceptably well.
Poor: might have potentially dangerous problems with the engine and/or body, or
abnormally high mileage; definitely in need of mechanical attention. Valuations
reflect wholesale prices paid by dealers at auction, and retail prices on used-car
lots. Each range covers all trim levels and engine types for a vehicle with a typical
amount of equipment--usually an automatic transmission, air conditioning, stereo,
etc. Fully loaded vehicles may cost more. Average mileage is 12,000 miles per year. Keep
in mind that these are guidelines only. Actual selling prices vary- especially from
region to region.
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