Ford Mustang Review

2008 Ford Mustang V6 Premium Coupe Shown

Current Ford Mustang

As household a name as Folgers, Marlboro or Kraft Mac 'n Cheese, the Ford Mustang is the longest surviving of the affordable breed of classic American muscle cars. Sold always in coupe and most times in convertible and 2+2 fastback forms as well since its 1964 introduction, the Ford Mustang is the only one of the original pony cars to enjoy an uninterrupted production run. It hasn't been easy either, as oil crises, tightening emissions standards and corporate budget cuts have put the Mustang's future in doubt on more than one occasion. Ultimately, though, its iconic status within the Ford lineup and popularity with consumers has seen it through.

There have been many great Mustangs over the decades: Most revered as collector cars are the 1965-'70 Shelby Mustangs, the '69 and '70 Boss 302 and 429 and the '69 and '70 Mach 1. Even newer versions are revered, such as the 1984-'86 turbocharged SVOs, 2000 Cobra R and 2003 and '04 supercharged SVT Cobra. Most Mustangs have had far more pedestrian credentials, of course, but the Mustang has long been the choice of consumers seeking power and style in a rear-wheel-drive coupe, fastback or convertible. The current-generation Ford Mustang is easily the best ever from the standpoints of performance, refinement and day-to-day livability.

Completely redesigned for 2005, the Mustang moved to an all-new chassis after a 25-year run on the late-'70s-era Fox-body platform. Ford's pony car still uses rear-wheel drive and a fairly basic solid-axle rear suspension, but ride quality and handling are more precisely controlled than on any previous Mustang. The car's styling pays homage to the famed Mustangs of the 1960s with its big grille, round headlights, high-mounted foglights and fastback roof line. The classic motif continues inside where an old-school dash, steering wheel and instrumentation are integrated into a modern, ergonomically friendly design. Some materials are low in quality, however, as Ford sought to keep the price tag low as well.

Indeed, value remains one of the Ford Mustang's strengths. For about $20,000, you can get into a Mustang coupe with a healthy, 4.0-liter V6 good for 210 horsepower. For about five grand more, you can get a convertible or opt for the GT coupe, which packs a 300-hp, 4.6-liter V8 complete with burbling exhaust note. Fully loaded Mustang GT convertibles top out in the mid-$30K range. For those who find the standard GT too tame, there is the tweaked Bullitt edition, which offers a firmer suspension as well as upgraded brakes and 18-inch wheels. The ultimate Mustang, the Shelby GT500, returned for 2007 in coupe and convertible form. Although it's much pricier than regular Mustangs, the payoff is a supercharged 5.4-liter V8 good for 500 hp, and a thoroughly reworked chassis.

Past Ford Mustang Models

There have been eight previous generations of the Ford Mustang, and given the car's sustained popularity over the years, older models are relatively easy to find on the used market. Still, most specimens you're likely to find will be from the eighth generation, sold from 1999-2004. This is the best of the Fox-body-based Mustangs, and like the current car, it offered a good blend of performance, fun and affordability. Downsides included rather crude handling characteristics (a consequence of the aged platform) and a cheap interior with an awkward driving position.

If you're shopping for an eighth-gen Mustang, our pick would be a GT from any year, as it offered a healthy 260-hp V8. If you're seeking something faster and rarer, consider the limited-edition Mach 1 (305-hp V8) or supercharged SVT Cobra (390-hp V8), which were sold in 2003 and 2004. The Cobra is the only Ford Mustang ever fitted with an independent rear suspension; it was also sold in '99 and 2000 but wasn't supercharged. Even rarer is the 2000 Cobra R, a race-ready, 385-hp Mustang coupe stripped of its rear seats and air-conditioning.

You'll also encounter plenty of seventh-generation Mustang coupes and convertibles, sold from 1994-'98. This car is very similar mechanically to the eighth-gen Mustang; the main difference is exterior styling. If you're thinking of buying one, 1996-'98 GT and SVT Cobra models might be preferable, as the '96 model year brought a new 4.6-liter, SOHC V8 that was much smoother than the outgoing 5.0-liter V8. Although horsepower held steady in the GT, the Cobra jumped from 240 to 305. The most collectible Mustang of this period is the '95 Cobra R, a 300-hp coupe without a backseat.

SELECT A SPECIFIC FORD MUSTANG MODEL YEAR*

* Edmunds.com maintains vehicle data as far back as 1990.