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2002 Ford Mustang
Invoice: $16,142 - $26,195
Miles Per Gallon
City: 18 MPG - 20 MPG
Highway: 26 MPG - 29 MPG
Body Style: Coupe, Convertible
Engines: 3.8L V-6 190 HP, 4.6L V-8 260 HP
Recently voted America's favorite car of all time, the 37-year-old Ford Mustang just seems to roll along like a runaway freight train, headed for a certain future. Each year brings new surprises and delights to about 200,000 new owners. The latest delight is the 2003 SVT Cobra. This will be the last year of production for the Mustang's archrivals, the Chevrolet Camaro and the Pontiac Firebird. That means the Mustang, which created the ponycar in the spring of 1964, will once again be alone in this segment in 2003. With the new Cobra closing in on 400 horsepower and the Camaro and Firebird bowing out, the Mustang's future looks as bright as the sun.
Purchasing an older vehicle, such as the 2002 Ford Mustang, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2002 Ford Mustang for less money than when it was new. If the 2002 Ford Mustang was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2002 Ford Mustang is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2002 Ford Mustang will have a good resale value. This assumes that the 2002 Ford Mustang is in good condition and has a reasonable number of miles.
Find a used 2002 Ford Mustang for sale at CarsDirect.
