The desirability of the Fox era Ford Mustang has been on the rise over the last few years, as evidenced by some of the prices we’ve seen nice examples exchange hands for recently. Even average cars seem to be bringing amounts unheard of not all that long ago, and I’m seeing little evidence showing that the market has even peaked yet, or will be losing much steam anytime soon. With such a strong appeal nowadays, it seems like a good investment to grab a top-tier survivor whenever possible, if it’s still priced reasonably. With such a long list of positives, this 1992 GT convertible here on the Low Miles No Miles website almost sounds like a bargain at $29,990. This beautiful droptop is in Orwigsburg, Pennsylvania, and can also be viewed here at Route 61 Classics. Mitchell G., many thanks for finding this cool pony and sending us the tip!
The seller describes this one as an exceptionally well-preserved Fox body and a true time capsule, with this being one of those survivors that it’s really hard to find any fault with. Not that in any way would it be considered a flaw, but the transmission is the one thing I wish were different, as it’s an automatic instead of a 5-speed manual. However, opting for the GT automatically got buyers the 5.0 High Output V8 under the hood, with its well beyond 200 HP providing plenty of strength to move the Mustang around more than competently, no matter which gearbox is attached. The 302 has been used sparingly here, with just 11,033 miles of travel since new, so there should be years of trouble-free life left for the next owner to enjoy.
Outside, the condition of the sheet metal appears nearly flawless, and the paint looks much like it would have when the car was new more than three decades ago. This one’s said to have always been garaged, and I agree with the owner that the Deep Emerald Green Metallic is a striking color choice. The lower half of the body is accented with silver, and the white convertible top adds another layer of beauty to the exterior’s appearance. The canvas is said to still be clean and fitting snugly, plus it’s also power-assisted, so operation should be smooth and effortless.
Stepping inside reveals an interior that looks just as one would expect from an auto having such low mileage, with the white leather seats said to be showing only minimal wear. This one also features power windows, door locks, cruise control, and a Premium Sound system with a cassette player, so don’t forget to grab your old box of tapes! I’m curious to hear what Bob in TN and our other readers have to say about this 1992 Ford Mustang GT convertible, and if this pony is priced as reasonably as I’m thinking- is $29,990 a bargain here?
Since you asked Mike…
This indeed looks like an outstanding example. When a low mileage, stock, unmolested Fox shows up at a Mustang Club of America show, it is always a treat. Convertibles in this condition are especially intriguing, as they can be harder to maintain. Case in point: white top and white leather like this one are very, very hard to keep clean and in good condition. I see some marks and imperfections in the top, which isn’t uncommon. Underhood looks very good.
So in summary, it looks like the car has been pampered. The dark green/silver/white scheme is classy. I too would prefer a five-speed.
I don’t keep close tabs on prices, but nice versions like this aren’t cheap. That said I don’t expect to see a decline in the Fox market; in a few years the asking price for this one may look like a bargain.
I agree that i would prefer a manual too still a very nice clean Mustang!
This is the least desirable spec, which is why the price is low for the mileage. It is also probably why the car is all stock and the mileage is so low. An older person probably bought it new and just used it sparingly as their second car. It would be a fun cruiser for half the price of a new one, so long.Is it doesn’t need a ton of work. When cars have this few miles, you always have to be worried about that.
Never having owned a Ford, the regular 5.0 spec I want most is an LX notchback with a 5 speed (except for the ‘93 SVT Cobra in teal please). I’m guessing that’s the general opinion among Mustang fans as well?
I think you are right. Over time the hierarchy will fall in line with your opinion, 93 Cobra, LX 5spd notchback then LX 5spd hatchback. Where I live the LX’s surpassed GT’s in popularity early in, you still see a lot of Fox body LX’s but rarely GT’s.
Steve R
Amazingly, everyone lusted after these when I was 21… My V6 Camry can beat it now
That’s progress, you can say something similar about any new car versus one that’s 35 years old. The thing you didn’t mention about your Camry, they don’t have a following like 5.0 Fox body Mustangs and in 35 years old no one will care they are all gone.
Steve R
Right on as usual Steve R. I had to look up a picture of a 92 Camry, then had to look up a picture of a new one. lol
I don’t need my car to be cared about in 30 years, Just commenting on how far we’ve come🤷♂️
Then again the number of Fox body followers in 30 years will be much smaller
I don’t care about a Camry now, tomorrow, or ever.
Beautiful fox, had a 1991 green GT. I received more compliments on that GT than any other fox I had, and I had alot.
Really beautiful shape though I’m not a convertible guy or a lover of white interiors at all. Really like the fox body Mustangs but my choice would be a 84-86 SVO.