BF Auction: 1998 Ford Mustang GT Convertible

• Seller: Mike S chraml (Contact)
• Location: Lindstrom, Minnesota
• Mileage: 145,000 Shown
• Chassis #: 1FAFP45X8WF100166
• Title Status: Clean
• Engine: 4.6-Liter V8
• Transmission: 4-Speed Automatic

If a straightforward revival and affordability sit atop your Wish List, this 1998 Ford Mustang GT Convertible could be an ideal candidate to park in your garage. It has been hibernating for approximately a year, and the owner believes a new battery would coax its V8 back to life. Its rust issues are minor and could be addressed as time and circumstances allow. Therefore, treating this classic to a deep clean and routine maintenance might be all that stands between this Mustang and life on the open road. It needs a new home to settle an estate, so the owner has listed the GT exclusively with us at Barn Finds Auctions.

Ford unveiled its Fourth Generation Mustang in December 1993 as its replacement for the venerable Fox-Body. The GT variant joined the range in 1994, remaining available until production ended in 2004. This 1998 GT is a survivor, ordered by its first owner in Pacific Green with contrasting Silver stripes and a White soft-top. The car makes a positive first impression, with the paint retaining a pleasant shine. The stripes exhibit checking and deterioration, and the top sports a couple of patches. However, the problems aren’t severe and don’t require immediate attention. The same is true of its rust, which is minor and could be addressed with patches. Therefore, returning the GT to its former glory is a project that a winning bidder with rudimentary welding and painting skills could tackle in a home workshop. The plastic and glass are in good condition, and the Mustang rolls on its original 17″ aluminum wheels.

Although initially released with the ancient 5.0-liter V8, Ford significantly upgraded the Mustang in 1996 by replacing that motor with its 4.6-liter SOHC “Modular” V8. It represented a giant leap forward, with the more modern architecture delivering excellent power and major gains in fuel efficiency. Ford’s 1998 Sales Brochure quotes power and torque figures of 225hp and 290 ft/lbs, with this car sending the ponies to the rear wheels via a four-speed 4R70W automatic transmission. The power and torque figures are only slightly lower than those produced by the 1993 SVT Cobra, a car that commanded a premium off the showroom floor. The owner states that this Convertible was a blast to drive, but that it last fired a shot in anger approximately a year ago. He hasn’t coaxed it to life, but believes a new battery would allow the V8 to fire into action. Therefore, that item, a thorough inspection, and some routine maintenance may be all this classic needs. It seems that little more than a weekend’s tinkering might be all this beauty needs.

If you wish to combine excellent performance with a comfortable motoring experience, this Mustang can deliver on both. Its interior features leather trim, air conditioning, power windows, power locks, power mirrors, cruise control, and a tilt wheel. Every 1998 Mustang left the line with an AM/FM stereo radio, a cassette player, and a CD. However, this car’s first owner upped the ante by ticking the box beside the optional “Mach 460” stereo. Equipped with three separate amplifiers, it delivers, as the name suggests, 460 watts of booming stereo sound. The first port of call for the winning bidder will be to treat the interior to a deep clean. There is visible wear on the driver’s seat and the wheel, but slipcovers and a wheel wrap would hide the shortcomings if the buyer is concerned about costs. Otherwise, this interior is acceptable for a driver-grade classic of this vintage.

Finding an affordable Mustang with a V8 under the hood can be challenging, but this 1998 example could easily tick that box. It wears GT badges, increasing its desirability. It appears that only minor work is required to reach roadworthy condition, allowing the new owner to maximize their summer fun behind the wheel of this Convertible. If that prospect sounds irresistible, submitting a bid could make your dream a reality.

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