Bidding is already approaching $30,000 for this super low mileage 1990 Ford Mustang GT convertible, making it one of the most active auctions I’ve seen lately for a Fox Body. While it’s hard to deny the next generation of collectors are causing this emerging era of classics to heat up, the Fox Body platform is somewhat timeless in its appeal to enthusiasts of all ages. This is basically how you’d buy one off the showroom floor, down to the aerial still contained in its original packaging. Find it here on eBay with bidding at $28,100.
Now, even if you ignored the low mileage for a second (mildly impossible, I admit), this GT checks pretty much every box if building a poster-quality Fox Body is on your list of things to do. Red with white top, GT trim with full body kit, luggage rack, five-speed manual transmission, and a corresponding white and red interior: this is the type of Mustang you would see in the factory sales brochure. Somehow, a previous owner has had the impulse control necessary to not ever drive this Mustang in anger but rather keep it in time-capsule condition.
That interior is just stunning, and also perfect for the era in which this Mustang was built. White leather seats over cardinal red carpeting? That’s a combo you simply don’t see that much any more. I never realized the seat belts were also bright red, and that the door panels featured contrasting colors between the top of the panel and the armrest area. Of course, that’s not to say every other Mustang doesn’t have the same feature; I just can’t recall any of them looking as nice as this car. The dash and console continue the red theme, and with just 1,300 miles, there are no complaints inside.
I don’t know what it is, but there’s just a difference with an engine bay that *literally* has barely any miles on it, versus one that’s just been detailed really well. This Mustang’s under the hood appearance is near perfect, and the presentation here leaves little doubt as to why bidding is so fierce. While some cars may get dinged for being a soft top, a Fox Body isn’t one of them given how iconic the design is. While clean Mustangs have been enjoying strong prices for a while now, I suspect the final number paid here will be an excellent result for a non-Saleen Fox Body ‘Stang.
Wow, how clean! Looks like some top-down fun.
I’m sorry but 30 large is a ridiculous amount for this car. I have a 87 gt with t tops I bought brand new when I was 19. These are fun to drive with the 5 speed but for this price there are waaaaay better cars. Mileage doesn’t mean squat on this car , sorry .
Tom C although I’m not a huge fan of T Tops, I like them on the 87 GTs. I’d like to have an 88 GT T Top. I’ve been told that there were only around 300 or so made in 88(the last year for T roof)
Tom, you can’t argue with the fact that people are bidding on this car at that price. The market is what people will pay and on this car, which is not a common car in this condition, this is the value.
And as they say — a car is worth whatever someone is willing to pay for it. I’m reminded of the K5 Blazer that went for $200k a year or so back at one of the Barrett-Jackson auctions. Expected sale price was around $40k IIRC but 2 guys got into a bidding war and it ended up 5 times that price (plus the 10% buyer’s fee). These Mustangs are fun cars (I had one of these a couple of decades ago when I still considered convertibles “fun”) with enough go to get in serious trouble but enough creature comforts to be usable. Alas, I don’t expect this one ever sees much asphalt in it’s next life as the value is in the originality and condition. MSRP was almost $19K in 1990 so was it worth it to store it and not enjoy it for 30 years for $10k+ — I guess only the owner can say. I’d much rather have driven and enjoyed it.
“This is basically how you’d buy one off the showroom floor, down to the aerial still contained in its original packaging.”
This is not true. The car would never hit the showroom until the PDI had been completed which would include installing the aerial and the wheel caps.
I wonder if that ever was completed and if the car has any problems.
PDI never “had” to be done by any legal standard in the U.S. Prove me wrong and i’ll humbly accept.
A signature was acceptance upon delivery of new inventory. The purchaser could inspect at delivery and choose if they wanted a dealership prep guy to touch their car. PDI was performed at purchase.
If the car had problems, the buyer assumed them if they refused dealer prep.
The buyer has to sign a document at the time of purchase stating the car was prepped for delivery.
Without that I am not sure they would deliver the car. The lack of that signature would affect the warranty.
I wasn’t saying it had to be done. I said it would never be on the showroom floor without that being done, as the write up suggests.
I worked for a Chevrolet dealer back at this time so I do have some insight in to this.
Looks to me that the market is speaking clearly, 29 bids, approaching $30k. Stock Fox Bodies are bringing big bucks, here’s a prime example. The low mileage absolutely matters, maybe not to everyone, but to a collector it does. The red/white combination is very attractive.
Beautiful stang but should you hide it or drive it..I would be a little nervous to drive it..and would hate to hide it..maybe trailer it to shows? For sure a dilemma
@whmracer99, Actually, adjusted for inflation, he lost 25%. Not to mention the storage costs and maintenance, insurance, etc. Should have used it and had fun. I think it is fairly well known that outside of exotic high end cars, buying new and storing is a losers bet. Would have done much better with a simple CD. I recall getting around 10% APR for a CD back then. Of course, 19 grand in the stock market would have made him hundreds of thousands of dollars by now. Because of less then 20/20 vision by this fellow, we are all able to see a basically new one again today here. For that I am grateful. I have always wondered what kind of person buys a car like this and stores it for 30 years? Regular guys thinking they are going to make good? Already rich guys with money to spare? Someone with time should write a book about this, or maybe a web site. (hint, hint, hint) Car back stories to me would be just as fun as the cars.
The color of your dream is here. Bright red with white seats. How great is that? The discriminating driver always prefers white seats. And a celebrity red paint job says it’s all yours. Others? Stay away.
Beautiful Mustang! As we have read over and over, these cars are worth whatever the next owner is willing to pay. Ebay and other online sources provide worldwide exposure to the benefit of buyers and sellers. It sure beats the old days of driving downtown to buy the Saturday morning paper late on Friday night to scour the local classifieds.
Now here is a low mileage car that actually looks like a low mileage car. Nice find for someone. Too rich for my blood, but there are a lot of well healed buyers out there looking for the “perfect” almost like new car. Best of luck. I wonder if it will get driven or put away for a few more decades.
Cheaper than buying an old mustang and repairing rust. Being a mustang that all is required is turn key and drive has value.
I predict that this car if remaining in this condition command 50 grand in 10 years. Mind you,I have been wrong before. What a beauty !