BF Auction: 1998 Ford Mustang GT Convertible

Asking: $2,500Make Offer

  • 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

UPDATE – The seller has added a video of this Mustang running!

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.

Bid On This Auction

High Bid: $1,400 (Reserve Not Met)
Make An Offer
Ended: Mar 19, 2026 12:00pm 12:00pm MDT
High Bidder: Escargot42
  • Escargot42 bid $1,400.00  2026-03-19 11:52:40
  • Jake73 bid $1,300.00  2026-03-18 18:03:04
  • Escargot42 bid $1,000.00  2026-03-18 14:45:35
  • Kevin Nicoll bid $600.00  2026-03-14 13:15:33
  • David bid $500.00  2026-03-13 09:37:50

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Comments

  1. Fahrvergnugen FahrvergnugenMember

    Nice listing, and nice car in great colors! The auto probably saved it from hooning, but a little vacuuming and maybe even a borrowed battery would help clarify if there are any issues…GLWTA!

    Like 4
  2. qmmq

    It’s only a 2yr old battery. Maybe toss it on a charger or at least try and jumpstart it. It’s a NAPA battery, not much better than AutoZone batteries. Not that these batteries are bad, but they are ment to be used on a daily basis. They lose charge fairly quick and rely on the alternator recharging on the next day drive.
    Battery may still be under warranty.

    Like 4
    • ccrvtt

      Batteries are only warranted to the original purchaser. Auto Zone, Advance, WalMart, O’Reilly’s, Interstate and many others are all made by Clarios. Modern vehicle electrical demands limit useful battery life to about 3 years, Many retailers offer extended warranties which can make economic sense and are worth looking into.

      The battery’s primary function is to start the car, which is a traumatic experience for the battery, necessitating a recharge from the alternator once the car is started. Alternators don’t wait until the next day to recharge the battery – they get right to work as you drive, but it does take some time driving to get the charge back.

      Engine-not-running situations can sap cranking amps also. Imagine Dad wants to take the kids for ice cream. He hits the minivan remote to open the sliding doors for the kids, the automatic lift gate for the dogs, gets in and adjusts the six-way driver’s seat from where Mom had it. Meanwhile the kids have activated the seat back infotainment screens. Each of these conveniences puts a strain on the battery. It’s gonna take a few more miles for the battery to recover. Or the little old lady who drives two miles to church on Sunday, a mile to Bingo on Wednesday nights, and a half a block to Kroger on Friday. Her battery never has time to build back a charge.

      You can spend more for AGM technology for faster recycle times necessary for start/stop, but eventually your battery is going to die.

      It’s the circle of life.

      Like 8
      • qmmq

        Exactly my point. Need to apply load for some period. You need 14.5 volts with a decent amount of amperage, idle or low rpm’s won’t cut it.

        Like 1
      • Dave in PA

        I noticed that the battery in my 66 F-100 maintains a charge while sitting longer than the one in a 2001 Lexus. Both batteries were bought at same time but the one in Lexus drains faster. The Lexus has an anti-theft light that flashes while sitting and computer. Not sure how much difference that makes but that is my theory. The truck has nothing obvious that drains the battery other than sitting.

        Like 2
  3. Eric in NC

    Or just buy a battery since you just bought a mustang.

    Like 5
  4. Matt

    Funny how the comments are all about the battery, and not much about the car. LOL. I thought I was on a 12v technology forum for a minute…

    Like 6
  5. Jim

    If seller truly believed it was just a battery, then the seller would spend the hundred or so dollars to get a new battery. And then they would have a running/driving Mustang GT they could sell and get hundreds (even thousands) more for it. IMO, the seller knows there are bigger issues.
    Base your bid(s) on having to do significant mechanical work.

    Like 8
    • MikeSSeller

      Hey Jim. I’m not very mechanically inclined at all. I’m liquidating my father’s estate. It was running well a year ago before he passed away. Thanks.

      Like 2
      • Dave in PA

        Hello Mike. Your father’s car may only need a battery charge or a jump start if it ran well a year ago. If it starts add some fresh gas. Make sure all fluid levels are okay first. A friend may assist or pay someone local if necessary.

        Like 3
  6. FBD

    SN95 Mustangs are a great bargain in the market now. Unless it’s a Cobra it’s not worth much, especially with the auto-tragic transmission. I own two of these with the “ancient” 5.0, one green the other red. Great fun cars, no worries about driving them since value is so low.

    Like 4
  7. hairyolds68

    buy a motor craft battery and stop being cheap.

    Like 3
    • Dave in PA

      I am “cheap”. I have bought my batteries for years at a business that sells “blems” (blemished) or returned batteries. The recent ones that still work well are at least 5 years old. They are name brands that cost no more than $40, but only with a 1-month guarantee. No issues ever.

      Like 3
  8. CarbobMember

    I had a 1997 GT convertible and they will put a smile on your face when driving, especially with the top down. This particular pony has 146K miles on it. So a comprehensive inspection would be strongly advised in my opinion. The car has potential but it also has obvious needs and more than likely needs that will become apparent during the inspection. Some buyers may be able to live with its cosmetic flaws. I’m not one of them. I’d have to fix the rust and replace the top. Then the interior will look even more shabby. For someone like me it would probably make more sense to spend more up front and purchase one with less wear and tear. They are out there and not hard to find. Whatever path the new owner takes will be fine. Hopefully this Mustang will be putting wind in somebody’s hair soon. GLWTS.

    Like 2
  9. MelanitesUnited

    Believing and knowing are two different things. If he “thinks” it’s just a battery then put a battery in it, especially if your seriously trying to sell.

    Like 5
  10. Mike SchramlSeller

    The Mustang is now running great. I sent three videos to barn finds. My brother in law came by and helped me. It was just the battery. Thanks.

    Like 6
    • Eric in NC

      What brand and type of battery?

      Lol

      Like 1
      • Dave in PA

        Evidently it is the brand of battery that works with a charge or a jump after sitting for a year. Whatever works brand. Good choice.

        Like 2
  11. Josh JoshStaff

    The videos of it running has been added!

    Like 2
  12. FBD

    Hot tip of the day for these early 4.6 ‘Stangs. Get P.I. (Ford “performance improved”) heads and intake from a 1999 and up Mustang. While you’re doing the swap (weekend job) replace the chains, tensioners and water pump. You’ll have the later cars 262hp + a little more as you’ll have a higher compression ratio. Car will run forever and be a bit more fun too!

    Like 6
  13. Escargot42Member

    Screw the battery. The cars from Minnesota has 145,000, mi probably would have been better for him to put it on eBay

    Like 2
    • Mike SchramlSeller

      Thank you.

      Like 2
  14. mark

    Hi Mike, don’t worry about the keyboard, courage, comments. Nice job getting it up and running, I love the color and the year. Year. Not in the market but I would be serious about a pre-purchase if I was. Good luck!

    Like 4
  15. Mike SchramlSeller

    Thanks Mark. I’m learning as I go.

    Like 2
  16. Escargot42Member

    Do you have a buy it now? Kind of number?

    Like 1
    • Popawfox

      Says $2500. Make offer.

      Like 1
  17. Steve H.

    Sorry, but as a past owner of a 98, these things were the worst. Anemic engine wouldn’t get out of its own way, and w/ an auto behind it it’s an even bigger dog. The only mod that could help a wimp 4.6 was a Vortech supercharger – not an inexpensive solution.

    Like 0

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