2002 Mustang GT

Newbomb · January 15th, 2007, 05:33 PM

A local Ford dealer is selling a 2002 Mustang GT....

I believe it is a 5 speed, I has a bunch of options, leather etc....

It has 101k on the clock, and they are asking $9,950 for the car, It looks very clean with newer tires on it....Is this a good price? I plan to put about 30,000 miles on the car in the next 2 years, I hope it will last that long....

Thanks!
Adam

Invictus · January 15th, 2007, 05:39 PM

sounds about right for the mileage.. i'd be reluctant to buy one with that many miles. its been around lol

Newbomb · January 15th, 2007, 06:01 PM

That's my thoughts exactly, I've been around too though, 67 Camaro, 2001 Camaro SS, and now looking for a Mustang

BUT, I am selling my 67 for 7,500 so I'm looking for something around the 10k range, I'll have to take out a pathetic 2-3k loan !!!

Newbomb · January 15th, 2007, 06:14 PM

Approx, How many miles do these cars usually get before major problems start occruing?

I really want one, but can't get payments over 100$ a month, I drive 80mi round trip about 4-5 days a week, so the car will get some mileage, college is a biotch, so until I grad in spring of 09, I can't afford too much!!!

Black Bullitt · January 15th, 2007, 06:45 PM

I wouldn't buy it. Too high of mileage to start out with and then your going to rack up a whole bunch more miles just going to school. I would find a good beater that gets good gas mileage and start pocketing every penny you can and get something you know you'll like. If you have to question yourself about the car it probably isn't worth getting. Just my $0.02.

Newbomb · January 15th, 2007, 06:51 PM

I have a good beater now, but I'm selling my camaro....So I will have some cash to buy a new daily driver....

It is hard to find a "good beater" that will make the long trip every day...

I've seen 50-70k mile cars going for around 10-11k

My point is, I need a fun car to drive everyday!

BTW- What kind of gas mileage do these cars get?

acmillr · January 15th, 2007, 07:14 PM

Get what you like, but I feel like that would be a bad choice. If I had to depend on my Mustang to drive everyday I would be in a hell of a bind, and it only has 40,000 miles on it.

Black Bullitt · January 15th, 2007, 07:14 PM

With my Bullitt I have seen 28 on the high way with the only mod being an o/r x at the time. Most the time I get 18 in the city with a CAI, O/R X, and a SSS catback. I can get 20 in the city if I drive it like grandpa.

Newbomb · January 15th, 2007, 07:15 PM

Why would you be in a bind? My buddy drives his 94 Z28 with about 126k 30miles a day to and from school....

Are these cars that bad as daily drivers?

My 01 SS M6 did it fine!!

OcOnnor220 · January 15th, 2007, 07:16 PM

The price is about $1500 or $2000 too high but then again its a dealership they're there to rip people off. The car will be fine as long as everything is ok with the car. You wanna check things like rust, service records and the Carfax report not to mention tires...lots of times dealerships will put crappy tires on a trade in to save money. I spent $10000 for my 01 GT and it had 83,000 miles on it, just be prepared to have to pop for unplanned expenses like clutch service, brake replacement etc. And dont beat on it.

Newbomb · January 15th, 2007, 08:19 PM

I won't beat on it...much! I was planning on offering 9k for it, I should have my camaro sold for 7k....My dad actually owns a medium sized auto shop, I am not spoiled, but I do get free access to lifts and tools ( I buy parts)....I just need this car to last a couple years, then who knows, I might throw a new drivetrain in it....what kind of tests should we run? Compression test? I plan to cold start then drive it around for a few miles until it is warmed up....I may go check out the car in more detail tomorow after school....any other comments or suggestions? I really appreciate all the heads up!!!

Thanks!
Adam

Newbomb · January 15th, 2007, 08:43 PM

What prices are the 01-02 GT's going for? What can I get them for? Approx of course!

acmillr · January 15th, 2007, 09:12 PM

I say that you would be in a bind, because if you get the Mustang then you are going to want to modify it. Look at me, I started chasing a header leak- two weeks later my heads are at the shop, I have a new pair of cams laying on the table, numerous bolt-ons being mailed out right now, direct port nitrous is going on, the only thing left under my hood is the shortblock, and I have to be in Nashville next Wed.

If I did not have my truck (2005 Daytona if you're interested), I would be bumming rides. Don't think that you can buy a Mustang and just be happy with it- not possible for me anyway......

I hope you get it though- it will be fun...

BTW: I bought my 03' GT w/ 28,000 miles about a year ago for $13,000.

Newbomb · January 15th, 2007, 09:16 PM

Trust me, my pockets won't let me mod the car...I am active in the "racing" community though. My good friend owns the local dragstrip, but I do not have any urge to race anymore, I won't lie, I do plan on a CAI and Cat-back....Nothing too extreme though

I do not have to buy this 02 GT, but I do like it and its fairly cheap. I do see Bullit Mustangs going for a lot cheaper though, what is the story behind this? Are there any classic signs/symptoms prone to Mustangs I should look for?

Thanks alot again!!! This site is very helpful, and I am a diehard Bowtie turning into a Blue Oval!!!

Newbomb · January 15th, 2007, 09:20 PM

I'm in NW Indiana, about 30 miles south of Chicago, FYI.

Newbomb · January 15th, 2007, 09:25 PM

This isn't the car but about the same details....I really can't find a GT for under 11-12k with less then 100,000 miles.

http://www.autotrader.com/fyc/vdp.js...00&cardist=200

Newbomb · January 15th, 2007, 09:35 PM

Actually here is what looks like a good deal, just wish the car was closer!

http://www.allfordmustangs.com/pp-cl...ct=5238&cat=73

vichael1 · January 15th, 2007, 10:16 PM

If your in no rush, I would search around some more for a private seller. I picked up mine with 67k miles for 10500 2yrs ago. Also if it is a true bullitt and its cheaper, I would get that instead. It will be worth more down the road.

Newbomb · January 15th, 2007, 10:19 PM

Thanks, I'm not really in a rush, since my 4x4 can handle the snow instead of the Mustang, but I'd like to pick it up at least before spring hits along with inflation!!

Newbomb · January 15th, 2007, 10:41 PM

Here is the one located about 5 minutes from me!!!

http://autos.yahoo.com/usedcars/deta...Ztbz1NdXN0YW5n

January 15th, 2007, 05:33 PM	#1
Newbomb Regular Join Date: Jan 2007 Posts: 51	2002 Mustang GT A local Ford dealer is selling a 2002 Mustang GT.... I believe it is a 5 speed, I has a bunch of options, leather etc.... It has 101k on the clock, and they are asking $9,950 for the car, It looks very clean with newer tires on it....Is this a good price? I plan to put about 30,000 miles on the car in the next 2 years, I hope it will last that long.... Thanks! Adam

January 15th, 2007, 06:45 PM	#5
Black Bullitt Regular Join Date: Oct 2006 Location: Virginia Posts: 179	I wouldn't buy it. Too high of mileage to start out with and then your going to rack up a whole bunch more miles just going to school. I would find a good beater that gets good gas mileage and start pocketing every penny you can and get something you know you'll like. If you have to question yourself about the car it probably isn't worth getting. Just my $0.02. __________________ 2001 Mustang Bullitt #5427 TOTAL LOSS SELLING ALL PARTS http://www.moddedmustangs.com/forums...2-3-500-a.html

January 15th, 2007, 07:14 PM	#8
Black Bullitt Regular Join Date: Oct 2006 Location: Virginia Posts: 179	With my Bullitt I have seen 28 on the high way with the only mod being an o/r x at the time. Most the time I get 18 in the city with a CAI, O/R X, and a SSS catback. I can get 20 in the city if I drive it like grandpa. __________________ 2001 Mustang Bullitt #5427 TOTAL LOSS SELLING ALL PARTS http://www.moddedmustangs.com/forums...2-3-500-a.html

January 15th, 2007, 10:16 PM	#18
vichael1 Regular 2000 Mustang GT Join Date: Aug 2006 Location: Richmond, VA Posts: 244	If your in no rush, I would search around some more for a private seller. I picked up mine with 67k miles for 10500 2yrs ago. Also if it is a true bullitt and its cheaper, I would get that instead. It will be worth more down the road. __________________

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January 15th, 2007, 05:39 PM	#2
Invictus Hardcore Enthusiast 1999 Mustang Join Date: Jul 2006 Posts: 1,309	sounds about right for the mileage.. i'd be reluctant to buy one with that many miles. its been around lol

January 15th, 2007, 06:01 PM	#3
Newbomb Regular Join Date: Jan 2007 Posts: 51	That's my thoughts exactly, I've been around too though, 67 Camaro, 2001 Camaro SS, and now looking for a Mustang BUT, I am selling my 67 for 7,500 so I'm looking for something around the 10k range, I'll have to take out a pathetic 2-3k loan !!!

January 15th, 2007, 06:14 PM	#4
Newbomb Regular Join Date: Jan 2007 Posts: 51	Approx, How many miles do these cars usually get before major problems start occruing? I really want one, but can't get payments over 100$ a month, I drive 80mi round trip about 4-5 days a week, so the car will get some mileage, college is a biotch, so until I grad in spring of 09, I can't afford too much!!!

January 15th, 2007, 06:51 PM	#6
Newbomb Regular Join Date: Jan 2007 Posts: 51	I have a good beater now, but I'm selling my camaro....So I will have some cash to buy a new daily driver.... It is hard to find a "good beater" that will make the long trip every day... I've seen 50-70k mile cars going for around 10-11k My point is, I need a fun car to drive everyday! BTW- What kind of gas mileage do these cars get?

January 15th, 2007, 07:14 PM	#7
acmillr MM Fanatic 2003 GT Street Fast 16.9@76MPH Join Date: Jul 2006 Location: Tampa, FL Posts: 3,876	Get what you like, but I feel like that would be a bad choice. If I had to depend on my Mustang to drive everyday I would be in a hell of a bind, and it only has 40,000 miles on it.

January 15th, 2007, 07:15 PM	#9
Newbomb Regular Join Date: Jan 2007 Posts: 51	Why would you be in a bind? My buddy drives his 94 Z28 with about 126k 30miles a day to and from school.... Are these cars that bad as daily drivers? My 01 SS M6 did it fine!!

January 15th, 2007, 07:16 PM	#10
OcOnnor220 Regular Join Date: Oct 2006 Posts: 460	The price is about $1500 or $2000 too high but then again its a dealership they're there to rip people off. The car will be fine as long as everything is ok with the car. You wanna check things like rust, service records and the Carfax report not to mention tires...lots of times dealerships will put crappy tires on a trade in to save money. I spent $10000 for my 01 GT and it had 83,000 miles on it, just be prepared to have to pop for unplanned expenses like clutch service, brake replacement etc. And dont beat on it.

January 15th, 2007, 08:19 PM	#11
Newbomb Regular Join Date: Jan 2007 Posts: 51	I won't beat on it...much! I was planning on offering 9k for it, I should have my camaro sold for 7k....My dad actually owns a medium sized auto shop, I am not spoiled, but I do get free access to lifts and tools ( I buy parts)....I just need this car to last a couple years, then who knows, I might throw a new drivetrain in it....what kind of tests should we run? Compression test? I plan to cold start then drive it around for a few miles until it is warmed up....I may go check out the car in more detail tomorow after school....any other comments or suggestions? I really appreciate all the heads up!!! Thanks! Adam

January 15th, 2007, 08:43 PM	#12
Newbomb Regular Join Date: Jan 2007 Posts: 51	What prices are the 01-02 GT's going for? What can I get them for? Approx of course!

January 15th, 2007, 09:12 PM	#13
acmillr MM Fanatic 2003 GT Street Fast 16.9@76MPH Join Date: Jul 2006 Location: Tampa, FL Posts: 3,876	I say that you would be in a bind, because if you get the Mustang then you are going to want to modify it. Look at me, I started chasing a header leak- two weeks later my heads are at the shop, I have a new pair of cams laying on the table, numerous bolt-ons being mailed out right now, direct port nitrous is going on, the only thing left under my hood is the shortblock, and I have to be in Nashville next Wed. If I did not have my truck (2005 Daytona if you're interested), I would be bumming rides. Don't think that you can buy a Mustang and just be happy with it- not possible for me anyway...... I hope you get it though- it will be fun... BTW: I bought my 03' GT w/ 28,000 miles about a year ago for $13,000.

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January 15th, 2007, 09:16 PM	#14
Newbomb Regular Join Date: Jan 2007 Posts: 51	Trust me, my pockets won't let me mod the car...I am active in the "racing" community though. My good friend owns the local dragstrip, but I do not have any urge to race anymore, I won't lie, I do plan on a CAI and Cat-back....Nothing too extreme though I do not have to buy this 02 GT, but I do like it and its fairly cheap. I do see Bullit Mustangs going for a lot cheaper though, what is the story behind this? Are there any classic signs/symptoms prone to Mustangs I should look for? Thanks alot again!!! This site is very helpful, and I am a diehard Bowtie turning into a Blue Oval!!!

January 15th, 2007, 09:20 PM	#15
Newbomb Regular Join Date: Jan 2007 Posts: 51	I'm in NW Indiana, about 30 miles south of Chicago, FYI.

January 15th, 2007, 09:25 PM	#16
Newbomb Regular Join Date: Jan 2007 Posts: 51	This isn't the car but about the same details....I really can't find a GT for under 11-12k with less then 100,000 miles. http://www.autotrader.com/fyc/vdp.js...00&cardist=200

January 15th, 2007, 09:35 PM	#17
Newbomb Regular Join Date: Jan 2007 Posts: 51	Actually here is what looks like a good deal, just wish the car was closer! http://www.allfordmustangs.com/pp-cl...ct=5238&cat=73

January 15th, 2007, 10:19 PM	#19
Newbomb Regular Join Date: Jan 2007 Posts: 51	Thanks, I'm not really in a rush, since my 4x4 can handle the snow instead of the Mustang, but I'd like to pick it up at least before spring hits along with inflation!!

January 15th, 2007, 10:41 PM	#20
Newbomb Regular Join Date: Jan 2007 Posts: 51	Here is the one located about 5 minutes from me!!! http://autos.yahoo.com/usedcars/deta...Ztbz1NdXN0YW5n