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There has been no end of controversy surrounding the all-new 2005 Mustang from the enthusiast community.
There is the styling: Suddenly, it's 1968! The open rear quarter window is more Shelby than the louvers on the early fastbacks, and the nose and taillamps feel more 1969-70. Only the exaggerated wheel flares, soft fascias in lieu of chromed metal bumpers, and a side-sculpted C-scoop that's more of an L (note how the line disappears altogether up near the door handle) hint toward a more contemporary style. For years, Mustang press propaganda has linked the new model's design features to earlier models, but for once, the new style nails it. From the forward-leaning grille to the fastback 2+2 styling, you'll never mistake it for anything but a Mustang.
Visually, the interior and dash are a vast improvement over the outgoing model. It`s a comfy cabin to sit in too, unlike the always awkward SN95 models. Just don`t try to touch anything.
There are those who think this is the wrong move, that there is a way to invoke heritage without succumbing to it: Ford's own F150 pickups are thoroughly modern, continue to look forward, are the best-selling vehicles in America and look nothing like the 1948 or 1954 F-series trucks that are just as iconic; so why can't Mustang follow the same brief? We predict that this will not prevent Ford from selling every single one it can crank out-probably at a premium, at least at first-and certainly in far greater numbers than the 140,000 units shifted for 2004.
There is the chassis: Media reports say that the floor (eight times stiffer than last year's) is based on the DEW98 underpinning the Lincoln LS and Ford Thunderbird, while Ford engineers downplay that, estimating that only a crossmember and some suspension-mounting commonalities carry over. We're told that the Mustang actually started out a lot more DEW98, but enough bespoke pieces were designed in that the Mustang is probably 70 percent unique, according to a Ford insider. Whatever the case, the wheelbase is six inches longer than the outgoing car's, which calms the ride down slightly and offers actual room for four passengers; the back seat is less of a penalty box than ever before.
There is also the rear suspension: Drag-racers and old-schoolers are no doubt pleased that the revised 8.8-inch axle housing is still solid and, better still, houses 3.55 gears (the steepest factory gears previously were 3.27s); a revised three-link rear suspension allows improved response. The solid axle is also a factor in keeping things under the magic $25,000 mark. But there are those who insist that IRS is a must-have for that final degree of driving finesse and smoothness, and that cars costing thousands less come so equipped. Two-thirds of the Mustangs built will be V-6 models, purchased by people who would put the Mustang and an Accord coupe in the same category; they'll think the Accord is smoother-riding but won't know why. To this crowd, a solid axle is inexcusable and crude.
Now officially rated at 300hp, Ford`s all-aluminum 3-valve 4.6L V-8 engine still needs peak revs to come in lower than they do.
The proof is in the driving. And drive we did, from Santa Monica, across Sunset Boulevard, into the Angeles Crest mountains, and back again. Beneath that long hood is the newest incarnation of Ford's all-aluminum, SOHC "modular" 4.6L engine, now treated to a new-for-passenger-cars three-valve-head configuration with variable camshaft timing and throttle-by-wire; all GTs also get a dual-bore throttle body (55mm, smaller than the twin 57mm throttle bodies given to the Bullitt), and now sport 9.8:1 compression (up .4 from last year). It's rated at 300hp at 5,750 rpm (6,250-rpm redline) and 320-lbs.ft. of torque. Sounds stout on paper, and while the variable cams do their part to expand the power band up high, Mustang's acceleration belies its power rating-it doesn't snap you back when you tickle the throttle. The near 3,500-pound curb weight-up 150 pounds from last year's GT, nearly on par with a Mach 1-doesn't help, but the problem remains that peak torque arrives at 4,500 rpm-about 2,000 rpm higher than we might like, and 500 rpm higher than last year.
GT models are equipped with the smooth-shifting Tremec 3650 five-speed manual transmission (the 5R55S five-speed automatic is optional); V-6 models get the tried-and-true T5. Finally, a stock GT that doesn't fight you when you try to bang gears through a stick with as many doglegs as a greyhound track. It's a joy: easy action, nicely weighted, and goof-proof. Some may grumble about the lack of a sixth gear (likely coming in next year's Cobra version), but including the 3650 may be the single greatest improvement over the outgoing GT.
In a straight line, the gear ratios in the trans and rear were well-matched and got us moving with alacrity, but through the alternately sweeping and tight decreasing-radius turns in the mountains north of LA, a sweet spot was denied us. Modular V-8s have responded best to 4.10 gears for the fifteen or so years that they've been around, and we suspect this one would be no different, but such gearing would destroy gas mileage, wreak untold havoc on the speedometer, and spin the reciprocating assembly far too hard, even in Overdrive. For our circumstances, through the Angeles Crest twisties, 3.73s would have allowed us to hit just where we needed to. We alternated between second and third gears, never quite finding the right ratio in the bends; second was too short, not giving us enough speed before redline cropped up, and third was too long, unable to stay in the meat of the powerband at the right speed.
Bucking conventional wisdom, the biggest available tire is a 17-inch, 55-series tire, on either a polished aluminum wheel (our choice) or a faux-Torq Thrust II. That's a lot of sidewall-it's a move that also aids in the retro-look. (What next? White-letter bias-plies?) Ride quality proves itself exactly where you'd hope a Mustang GT should be. It's firm but not jarring, thanks in part to the tall tires, with crisp turn-in; the additional 2.5 inches of track, front and rear, no doubt helps. (We wonder how much the ride would be compromised if the 245/45-17s from last year's car were swapped on.)
But that solid axle that we were told wouldn't be a factor in our ride-and-drive, in fact, was. Seat-of-the-pants lateral grip was impressive, but the new chassis cannot hide the solid rear axle. Hit a bump mid-apex and the chassis, while not coming unglued, certainly lets you know it's working on sorting itself. You can also feel it at 80mph on the freeway, where the heat-soaked, rippled, undulating pavement was transmitted straight through to the driver's backside. Better than before? Absolutely. But you can still tell.
Inside carries on the retro (sorry, "heritage") style, but gives it a sharp modern edge. Finally, an interior that doesn't look like the designers were in mourning, or got a truckload of grey plastic on sale at Big Lots. The seats, finally, allow a comfortable driving position (a gripe we've had with Mustang since the dawn of the SN95 a decade ago), and are covered, as the door panels are, in an acceptably supple, perforated leather. The optional ($1,295) Shaker 1000 stereo system is arguably the finest system ever installed from the factory in an under-$30,000 car, and the general ergonomics of the cabin are light-years ahead of the stylistically overdone outgoing model.
That's all fine if you didn't actually need to touch any of it. The plastics and textures inside leave a great deal to be desired: The door panels and dash top feel brittle, sounding not unlike nails on a chalkboard when you run your fingers over it. The vents, with their lovely chromed bezels, feel cheap and have a plastic-on-plastic action; perhaps a drop of petroleum jelly would smooth things out. The turn signal and wiper stalks which, besides the steering wheel, are the places you most often touch, feature sharp mold lines that won't draw blood but certainly distract; would seamless chrome stalks not have worked just as well, and kept with the old-is-new theme? Additionally, our two-thousand-mile test car (serial number 89) developed a squeak in the passenger's side of the dash during our street thrash. We are hoping that these are pre-production foibles, and that production pieces will be considerably nicer.
Something that can't be changed for production is the gauges. Oh, the font is lovely and retro, and the much-ballyhooed color-changing option is good fun-but the twin speedo and tach units are so deeply tunneled into the dash that, when you're driving in bright sunlight they're virtually unreadable, particularly with sunglasses on; the eye cannot adjust quickly enough between the brightly lit outside world of LA and the dials' shadowy depths. I blame this squarely for the $169 I donated to the city of Chatsworth, California, a result of the sad combination of topping 62 mph in a 45 zone, and a bored motorcycle cop sitting on a side street.
Draw your own conclusions about the new Mustang's styling, but this anecdote is offered: On our prescribed route, journalists were directed up Hollywood Boulevard so that passersby could gawk at us and we could soak in their admiring glances. We got stuck in traffic, we got detoured, we were not moving quickly enough to obscure ourselves in a blur of color and noise. And, whether because it was one p.m. on a weekday afternoon, or because the tourists were taking in Mann's Chinese and the Walk of Fame, or because it looks like an old Mustang in a town where old Mustangs are a dime a dozen, or because everyone walking the streets was too hip for the room, no one noticed. Well, that's not entirely true; we got one thumbs-up from a particularly attentive bus driver at a stoplight, who was equally impressed by the style and the pricetag. We do, however, find ourselves wondering how it's going to be facelifted come 2009, and cringe at the inevitable onslaught of aftermarket ground effects that will no doubt arrive on the market in the coming months.
And even if there's not enough here for you to sink your teeth into, and you want more, keep in mind that this is only the beginning. Despite some cheap materials inside, Mustang is still the blank performance canvas it's been for nearly 20 years now. The better news is, there's far more yet to come. Coupes are in showrooms now; come springtime, watch for a convertible. For 2006, the Cobra should spring forth-we're guessing at 400 supercharged horsepower or more, lower-profile tires, and an independent rear suspension. After that, there are bound to be more special versions. Mach 1? Boss? Bullitt? (Dark green is conspicuous by its absence in the available color palette.) Saleen is said to have a 2005 Mustang prepped for SEMA, and Ford has already announced aftermarket parts through the Ford Racing Performance Parts catalog. We've heard on-and-off murmurs about a Mercury version for some time now-2007 would be a nice round 40 years for a Cougar anniversary, no?
One might think that the first new Mustang platform in a quarter-century would exhibit a more vast improvement in every direction, but the steps Ford has taken are measured, despite the radically new underpinnings. And really, is it any surprise? Mustang is the Alpha and Omega of the ponycar movement; it started it, and it certainly finished the job. Why isolate a very happy customer group by changing it into something unrecognizable? Certainly the 2005 model is better than the outgoing car in nearly every possible quantifiable way, but at the same time, the improvements feel evolutionary: This still feels and sounds like a Mustang, even without the styling sledgehammer hitting you on the head. No one should walk away disappointed.
Specifications
Year: 2005
Make: Ford
Model: Mustang GT
Redline: 6,000 rpm
Base price: $24,995
Options on car profiled:
Shaker 1000 audio system, $1,295
Bright 17-inch aluminum wheels, $195
Interior color-enhancement package, $175
ENGINE
Type: SOHC V8, aluminum block and heads
Displacement: 281 cubic inches
Bore x Stroke: 3.55 inches x 3.54 inches
Compression ratio: 9.8:1
Horsepower @ rpm: 300 @ 5,750
Torque @ rpm: 320-ft.lbs. @ 4,500
Valvetrain: 3 valves per cylinder, variable cam timing
Main bearings: 5
Fuel system: Electronic sequential returnless fuel injection
Lubrication system: High-flow gerotor
Electrical system: 12-volt
Exhaust system: Dual 2.5-inch exhaust
TRANSMISSION
Type: Tremec 3650 5-speed manual
Ratios 1st: 3.34:1
2nd: 2.00:1
3rd: 1.32:1
4th: 1.00:1
5th: 0.67:1
Reverse: 3.38:1
DIFFERENTIAL
Type: Ford 8.8-inch housing
Ratio: 3.55:1
STEERING
Type: Rack-and-pinion with power assist
Ratio: 15.7:1
Turns, lock-to-lock: 2.8
Turning circle: 38.0 feet
BRAKES
Type: 4-wheel disc with electronic anti-lock and traction control
Front: 12.4-inch vented disc, twin-piston 43mm floating aluminum calipers
Rear: 11.4-inch vented disc, single-piston 43mm floating iron calipers
CHASSIS & BODY
Construction: Unitized body with subframes, all steel with aluminum hood
Body style: Two-door coupe
Layout: Front engine, rear-wheel drive
SUSPENSION
Front Reverse-L independent, MacPherson struts, 34mm tubular stabilizer bar
Rear Three-link solid rear axle with coil springs, Panhard rod
WHEELS & TIRES
Wheels: Factory-type aluminum
Front: 17x8
Rear: 17x8
Tires: Pirelli P Zero Nero
Front: 235/55ZR17
Rear: 235/55ZR17
WEIGHTS & MEASURES
Wheelbase: 107.1 inches
Overall length: 188.0 inches
Overall width: 73.9 inches
Overall height: 55.4 inches
Front track: 62.3 inches
Rear track: 62.5 inches
Shipping weight: 3,483 pounds
CAPACITIES
Crankcase: 6 quarts
Cooling system: 14.2 quarts
Fuel tank: 16 gallons
Transmission: 12 quarts
Rear axle: 4 pints, with 4 oz. of friction modifier
CALCULATED DATA
Bhp per c.i.d.: 1.06
Weight per bhp: 11.63 pounds
Weight per c.i.d.: 12.39 pounds
PRODUCTION
Sales projections for the 2005 Mustang are at 140,000 cars, the same sales volume as the outgoing model
PERFORMANCE
Acceleration:
0-60 mph: 5.2 seconds
1/4 mile ET: 13.8 seconds @ 102 mph
Top speed: 143 mph (limited by tire rating)
Recent
Photo: Ford Motor Company
So…you’re thinking about buying a Mustang, huh? Can we talk? Having the privilege (and curse) of owning nine late model Mustangs that span four generations, I understand. Have a seat, and let’s go for a drive…
I didn’t start out loving Mustangs. In fact, a few days from concluding high school classes my senior year, I was determined to buy an affordable car for college (and tinkering). Only stipulations: it had to be rear wheel drive and V-8 powered. Bonus points for three pedals. I found something a mile from my house that was within my budget (read: clapped out). It was a five-speed 1985 Mustang GT.
Author with his 1985 Ford Mustang GT.Photo: Wes Duenkel
My initial relationship with Mustangs was less of a love affair and more a marriage of convenience. Ever since that first Fox-body GT, Mustangs have repeatedly ticked the boxes of what I like: modest size, V-8 soundtrack, stick shift, and copious customization potential. Familiarity bred comfort. It’s only as I approach thirty years of Mustang ownership that I realize, “Huh, I really LIKE these things.”
It's from this perspective that I’ll share frank advice for novice late model Mustang shoppers.
By “late model,” I’m referring to 1979-current Mustangs. They span five generations and forty-five years: 1979-1993 (3rd generation), 1994-2004 (4th generation), 2005-2014 (5th generation), 2015-2023 (6th generation), and 2024-present (7th generation). Rather than discuss each generation individually, I’ll approach this from an attributes angle: What you’ll like about a Mustang…and what you’re probably going to hate about a Mustang.
(Note: we’re only going to discuss V-8 Mustangs because nobody cares about the others. Change my mind.)
Exterior Styling
Yeah, it’s subjective. Each Mustang generation has a “vibe.” You want to resist the urge to look back at your parked Mustang, not be embarrassed by it.
1979-1993: Fox-body
Photo: Hemmings Archives
The Fox Mustang styling is kinda polarizing. You love it or hate it. They’re boxy and edgy. As my teenage son’s friend quipped upon viewing his first Fox-body Mustang: “I’m not sure if this car is cool or ugly.” It’s both! If you’re into the Radwood scene, grew up careening down country roads at triple-digit speeds either in (or behind) a 1979-1993 Mustang, it’s going to bring back memories. That’s the point.
1994-2004: SN-95
Photo: Hemmings Archives
The SN-95-era Mustangs are aesthetically “husky.” While it structurally continued with the same chassis as the Fox, the SN-95 was complete rejection of the previous generation’s hard-edged design. There’s not a straight line on (or in) a 1994-'98 model Mustang. A facelift in 1999 brought some sharp creases back to the exterior sheet metal, but the interior was unchanged. Because the 4th generation continued with the 3rd generation’s underpinnings, SN95s are basically flabby (in both proportions and weight) Fox Mustangs. Wonky proportions notwithstanding, the styling resonates with some owners, and their popularity is starting to tick up.
2005-2014: S197
Photo: Bryan McTaggart
The S197-chassis Mustangs put 1960’s styling on a modern chassis. If you dig retro styling in a modern, roomier, and safer package, a 5th generation Mustang is for you. The 2005-'09 models “got the band back together” with body panels, lighting, and a greenhouse that isn’t just a nod to the 1965 Mustang—it’s a reunion tour. Sure, the guys put on a few pounds over the years, but their teeth are straighter and whiter, and they all stopped drinking. While it’s not the same old hellraiser, there’s a lot to like here. The 2010 Mustang got a facelift that was further updated again in 2013.
2015-2023: S550
Photo: Ford Motor Company
The S550-era Mustangs are the first of the breed to be officially sold worldwide and were designed to resonate with the diverse tastes of global buyers. It’s sleek and athletic. It was so good that its silhouette is visible in worldwide models from BMW and Kia. A 2018 facelift shrunk the schnoz a bit to improve both aerodynamics and aesthetics. It’s a very “safe” design that will likely age well. Where the S197 is an A-10 Warthog, the S550 is an F-16.
2024-Current: S650
Photo: Ford Motor Company
If you want a brand-new pony car straight off of the dealership lot, the S650 is your choice for Mustang. While the S650 is basically a continuation of the S550 chassis (see also: Fox to SN95 chassis), Ford’s stylists took the defeated Camaro as the pony car battle’s war bride, and the seventh-generation Mustang was spawned. Good thing or bad thing? You decide.
Interiors
If the interior isn’t a noisy, punishing sweatbox…is it still a Mustang? Discuss.
Fox-body
1980 Ford Mustang Ghia interior. Note the flat-faced Fairmont-inspired dashboard and fragile center console.
Photo: Bryan McTaggart
The Fox-body Mustang's ergonomics are notoriously bad. If you’re tall or short, a Fox Mustang is not a fun place to be. Lanky drivers can’t slide the seat back far enough, and short drivers can’t reach the shifter. The steering wheel generally faces the door handle and can’t tilt if it’s an air bag-equipped 1990 and newer model. All the seats are soft and unsupportive by current standards. 1979-1986 models have a boxy dashboard and a wire-thin steering wheel. 1987-1993 models got an updated (and iconic) interior with a surprisingly long dashboard storage tray so your spare change and Blockbuster Video membership card slides around in corners more than the live rear axle. If you don’t know what either of those are, this is only the tip of the iceberg of surprises awaiting uninformed Fox Mustang shoppers.
1987-up Mustangs featured a face-lifted interior. Those cupholders are an aftermarket addition, taking the place of the ashtray.
Photo: Hemmings Archives
No, there ain’t any cupholders for your iced coffee, Karen. But if you’re of average proportions, outward visibility is refreshingly good and the back seats are surprisingly comfortable. There’s even an ashtray back there. The interiors on Fox Mustangs are cosmetically and structurally plastic—most of which is either cracked and broken…or will be soon. A Fox Mustang creaks, rattles, and twists like a pirate ship full of empty spray cans in a windstorm. Speaking of wind: there’s lots of that noise too. And if your Fox Mustang has some type of hole in the roof—be it a sunroof, T-tops, or (thoughts and prayers) a convertible, not all water will stay on the outside. If your Fox Mustang hasn’t had its heater core changed yet, then know that coolant can (and will) leak from there, too.
SN-95
The SN-95 interior and its 1960s Mustang-inspired "dual cowl" treatment was first previewed on the 1992 Mach III concept car.
Photo: Hemmings Archive
SN-95 Mustangs inherited the weird ergonomics of the Fox generation and added droopy plastic that melts around you like a shop class vacuum forming project. The optional leather seats cracked just looking at them, so don’t be surprised if the seating surfaces look like Clint Eastwood’s face when you trapse across his lawn. (Aftermarket seats go a long way to increasing comfort and aesthetics in one fell swoop.) The 4th generation’s arched greenhouse makes taller drivers even more miserable than they are in a Fox Mustang, with rear headroom suffering the most. The interior is quieter than the Fox, with less wind noise and more sound deadening, which means you can hear more of the interior panels creaking. But hey, at least there are cupholders.
S197
The S197 retained the dual-cowl theme but didn't leave the front passengers feeling claustrophobic. Certain models had adjustable gauge backlighting, allowing drivers to change colors as they pleased.
Photo: Hemmings Archives
The S197 Mustangs silenced many gripes with previous generations. Pre-production focus groups got us a vastly updated interior with a steering wheel that actually faces the driver, a reachable shifter, seats that don’t fall apart, and a roof that accommodates tall people. The standard seats are “meh,” so the optional Recaro seats are a plus. The back seats are sunk down far enough to yield good headroom so your passengers can ponder why they’re sitting atop a live rear axle rather than an independent rear suspension… but I digress. The throwback styling continues with the dual-cockpit dash pad and gauge cluster. The modern engineering and manufacturing techniques yielded massive strides in eliminating interior panel creaks and rattles and you can hold spousal discussion without shouting (at least over the wind and road noise). After you tire of arguing with your spouse, you can do the same with the SYNC system. Don’t worry: SYNC won’t understand you either. At least the cupholders are well-designed.
S550
The S550 Mustang's interior was an evolution of the S197's overall design - clean, functional, and driver-focused.
Photo: Ford Motor Company
S550 Mustangs have a more immersive cockpit over the previous generation, where drivers feel more “in” the car versus “on” it. While it accommodates the driver and front passenger as well as the S197 Mustang, even average-height adults’ heads are squished against the sloping back glass if passengers are banished to the back seats of an S550 Mustang. The center stack has an infotainment system that is less irritating than previous offerings. A digital gauge cluster was optional on later models, which is either cool or gimmicky depending upon your attraction to tech. Again, the optional Recaros are brilliant. Get them if you can. Thick glass, copious sound deadening, and a creak-free instrument panel make the inside of an S550 very quiet pleasant. Aside from contemporary sports-car-style outward visibility, there’s not much average buyers would complain about. Weird.
S650
The S650 enters the modern era with screens. Gauges can be changed, including a late-1980s Fox Mustang-themed design and a 1968 Mustang-inspired layout.
Photo: Ford Motor Company
S650 Mustangs feature a more “driver focused” cockpit with big screens that replace much of the mechanical switch gear. Utility and functionality is debatable. Fortunately, when you start actually driving the thing, it’s very much business as usual from the previous generation S550 Mustang. The greenhouse is a structural carryover, so all that’s good (and bad) with the S550 continues with the S650…including the optional Recaro seats. The park brake handle perseveres, but it’s now connected by wire to electric rear park brake calipers. The result is the park brake handle action is springy and lifeless—unless you use it in “drift brake” mode. Grab those cell phones and step away from the curbs, folks.
Driving Experience
Aside from looking at or sitting in a Mustang, the allure of Ford’s pony car is about driving it, right? Strap in... and try not to die.
Fox-body
Courtesy of MotorWeek
These Mustangs drive like 1980’s econoboxes with too much torque, because that's exactly what they are. If you’re expecting blissful performance from a Fox Mustang, prepare to be disappointed. Just remember the famous quote, “Never meet your heroes.” Scores of Mustangs ended their lives (and sadly, the lives of their occupants) wrapped around roadside objects because the drivers didn’t respect the limits of themselves, the cars, or the drivers around them. 1979-1993 Mustangs aren’t bad, it's just that they’ve been hyped up so much that drivers have forgotten how miserable cars were back in the 1980’s. Over-boosted steering, squishy subpar brakes, stiff clutches, schizophrenic handling, harsh ride - this was all typical. And Mustangs were not the worst offenders (I’m looking at you, GM F-body!) A chassis designed for the 55-mile-per-hour speed limit is glaringly out of its element on 70+ miles per hour highway speeds. But getting to the double nickel is a hoot! Squeeze the gas on the five-oh and woah, you’ve buried that speedo needle. Speaking of “woah,” don’t expect the brakes to save you. Most Fox Mustangs only had 11-inch discs on the front and puny drums in the rear. (Cue the Mustang geeks arguing in the comments about the outliers with rear discs.) If things go bad, only 1990-1993 Mustangs have a driver’s side air bag…and it’s unlikely that it still works.
If you’re expecting a Fox Mustang to knock your socks off, that depends upon how rough the pavement is. Some buy a 4th generation Mustang expecting legendary performance and are sorely disappointed. Stock Fox Mustangs barely crack 200 horsepower. With about 3,300 pounds to lug around and plenty of low-end torque to do the lugging, they roast the puny 225mm-wide tires readily. But once the needle gets past 4,000 RPM, it’s a snooze-fest. Doubly so if the 5.0 is mated to an automatic slush box. The popularity of centrifugal supercharging and it’s top-end kick makes sense after driving a bone-stock Mustang five-liter: boost picks up where the factory power curve noses over.
But driving isn’t all about speed, right? Add some Flowmaster mufflers and you’ll sound cool while hustling up the onramp. You’re going to hear it anyway. The windows are rolled down because the air conditioning probably doesn’t work.
SN-95
Courtesy of MotorWeek
1990s Mustangs drive like mature Fox-body Mustangs, so if you can stomach the styling, SN-95 Mustangs are more enjoyable than a Fox. With more weight comes less noise, vibration, and harshness. The air conditioning might even still work. While the first two years carried over the trusty five-oh pushrod engine, 1996-2004 models featured Ford’s 4.6-liter, overhead cam, modular V-8 engine. Even if the early “mod” motors were disappointments from a horsepower and torque perspective, they certainly are smoother and remain extremely reliable. At least all the bolts were finally metric.
Strides in safety are significant over the Fox Mustang, too. Driver and passenger-side air bags, anti-lock brakes, and optional (and primitive) traction control make SN-95s less lethal.
After leaving niche “high performance” variants to specialists like Saleen, Ford offered an in-house low-volume model: the Mustang Cobra. These Mustangs offer performance and a driving experience that’s significantly better than their GT counterparts in every way. Pricing aside, there’s no reason not to opt for a Cobra over a GT. Each subsequent Cobra offered more performance than the last, especially in the braking department.
The 2003-2004 Mustang Cobra aside, SN95 Mustangs are very slow. Especially if there’s only two pedals. All automatic transmissions in these cars were buzz killers. You can’t expect to win any stoplight duels with an SN95 Mustang, but that doesn’t mean they’re not fun to drive. Sometimes driving a slow car fast is more rewarding than driving a fast car slowly. (At least, that’s my excuse.)
S197
Courtesy of Adam Kriete
The S197 Mustangs weren’t much faster than the outgoing model because the added horsepower and torque was offset with more weight. It wasn’t until the 2011 model where Mustang got the engine it arguably deserved: the five-liter “Coyote” V-8. With over 400 horsepower on tap, the Coyote really transformed the Mustang’s reputation from plucky puppy dog to an outright Doberman Pinscher. Mated with a six-speed manual gearbox, Coyote-powered Mustangs hurt feelings—and tires. Power discrepancies aside, all S197 Mustangs offer a driving experience that’s leaps and bounds ahead of anything before. Credit goes to a modern chassis where engineers weren’t forced to make as many compromises. Even the live rear axle (retained for reasons that remain debatable) was adequately tamed. Ford finally did a thing!
The 2005-2014 Mustang’s steering feels decent, you can skip leg day and still operate the clutch, the shifter knob easily falls in hand, and the V-8 soundtrack remains. The stiff chassis really pays dividends on rough roads: approaching potholes or bridge transitions is not a sphincter-stressing experience. Safety is enhanced with multiple air bags, modern brakes, and extremely effective traction control and anti-lock brakes. If safety is a priority (which it always should be) then I strongly recommend an S197 Mustang. There’s a lot to like. The biggest change (in my mind) was the five-speed automatic transmission doesn’t completely ruin the driving experience with sluggish performance. But get the stick anyway.
S550
Photo: Hemmings Archives
These Mustangs are a joy to drive. Tons of power, responsive chassis responses, fabulous brakes, engaging driving position, and sure-footed handling make the S550 Mustang a go-to recommendation for the casual Mustang owner. It offers the most rewarding driving experience for the average driver partly because it requires the fewest compromises. The S550 Mustang is a highway weapon. My snark switch is turned off because it’s a great car to drive. Steering feedback could be better and the brakes less boosted, but these are a matter of preference rather than failings. The quiet cabin allows the exhaust sound to dominate the driving experience. While the automatic transmission options don’t suck, the manual gearboxes are so good you’re missing out by opting for two pedals. If you’re sitting in the Recaro seats, you’re going to love it even more. Clearer communication from the chassis to your torso transforms the driving experience more than you’d expect.
S650
Photo: Hemmings Archives
Mustangs carry on the theme from the previous generation by retaining much of the same running gear. Steering feel is improved with a shaft that eliminates a rubber isolator. If you close your eyes while driving (not recommended), you’d be hard-pressed to differentiate between the S650 and S550 chassis—and that’s a good thing.
Service and Reliability
While a Mustang might be great to look at and drive, is it a headache to own and maintain? Is it going to strand you? Yes. No. Maybe.
Fox-body
Photo: Hemmings
Fox Mustangs are old cars by now—and they have old car problems. Fluid leaks (exacerbated by the popularity of synthetic lubricants) are all but guaranteed. “If there ain’t oil under it, there ain’t oil in it.” Valve covers, rear main seals, and oil pan gaskets weep with age. Rubber seals, once supple and compliant, are now shrunken and brittle. 1980’s electronics are also beyond their service life, as many of the components, such as capacitors, are leaking and no longer have their, uh, capacitor-ness. Some of these magic boxes (such as the fuel injection computer) are available rebuilt from the aftermarket—but some (like the air bag diagnostic module) are currently unobtanium. That blinking air bag light is going to be a fact of life. Refrigerant for the air conditioning is no longer available, so reviving the A/C is not easy if you don’t like sweating. Don’t get me wrong: a Fox Mustang can still be a reliable daily driver, but if much of it is original, bring tools. If reaching your destination without turning a wrench as an accomplishment, then a Fox Mustang is for you. But if you (or your wife) is in labor, don’t drive the Fox. Much of the reliability of a Fox Mustang is a function of how it was treated or how much has been replaced or updated. Fortunately, Fox Mustangs are very simple and conventional. You don’t need fancy diagnostic devices or special tools to work on them. If you’re ambitions, crafty, and bored—a Fox Mustang is a great project. However, if you’re not a do-it-yourselfer, a Fox Mustang will keep your mechanic busy and your wallet empty. So unless you like spinning your own wrenches, find something newer.
SN-95
Photo: Hemmings Archives
Mid-'90s Mustangs are less of an ownership gamble than the previous generation. Through the decade of production the SN-95 Mustang got updated components that brought contemporary reliability. 1996-up OBD-II diagnostics made tracking down basic issues a bit easier, and the modular V-8 engine family (also in 1996-up models) reduced fluid leaks. Air conditioning did away with the old freon refrigerant and is more serviceable. However, the large physical size of the modular V-8s makes servicing anything out of arm’s reach challenging. Be prepared to cuss... a lot. Years of ethanol-spiked fuels have taken their toll on these early fuel systems, so failed fuel pumps are common. With Fox and SN-95 Mustangs, mileage is less of a factor than outright age. Speaking of mileage: if a prospective SN-95 Mustang has a mechanical odometer (1994-1998), don’t trust what it says. The gears on these units often disintegrated years ago, and the odometers no longer track miles. Wonderful.
S197
Photo: Hemmings Archives
These Mustangs are less “classic cars” and more “used cars” at the moment. With this generation, milage is a larger factor over outright age. If a 2005-2010 three-valve V-8 Mustang is making noise, chances are it’s the timing components. It’s a common issue, and replacement parts are plentiful. When test driving an S197 Mustang, typical used car buying logic applies: if your senses suggest something doesn’t look, feel, sound, or smell right, have it checked out or find a better Mustang. The S197 chassis is the roomiest of the modern generations, so working on a 2005-2014 Mustang is a breeze. Modern assembly techniques focused on speed and cost mean fasteners are few and easily accessible. The aftermarket is awash in parts for these cars, making the S197 Mustang is also a great “first Mustang project.” You’re going to spend less time fixing broken stuff and more time making the Mustang faster or louder (and maybe both)!
S550
Photo: Hemmings Archives
Mustangs are more sophisticated and confined than the previous generation, but everything is in the same spot and is built similarly. The biggest departure chassis-wise is the independent rear suspension (IRS). It’s significantly more complex than the live rear axle—good thing the IRS is robust. The S550’s engine compartment is more confined than the S197’s, but if you have small hands or patience, it’s not too bad. Fluid connections are mostly a click-together affair, so that’s a plus. S550 Mustangs are young and plentiful, meaning finding one that’s clean and straight is not difficult. Effort in pre-purchase inspection will yield dividends in service and reliability for years to come.
S650
2024-current “S650” Mustangs are new and under warranty. Enough said.
The Bottom Line
Photo: Hemmings
Spanning 45 years, "late model" Mustangs have something for everyone. If you’re a crafty do-it-yourselfer, want people to chat you up at stoplights, and don’t care if something breaks along the way…shopping for a 1979-1993 Mustang is for you. If you’ll take flabby styling in exchange for a slightly more refined driving experience, enhanced reliability, and a classic soundtrack…consider a 1994-2004 Mustang. Looking for a great project car with retro aesthetics but modern performance that won’t strand you or break the bank? A 2005-2014 Mustang is on your list. If you’re new to Mustang ownership, want to drive it daily and experience what makes the internal combustion V-8 engine the greatest mechanical contraption in human history…find a 2015-2023 Mustang. If you want a new Mustang because it’s, well, new: the 2024 Mustang is it.
Glad we had this chat. Welcome to the Mustang cult.
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Buyer's Guides
RPO Z06 Makes the New-For-’63 Chevrolet Corvette Sting Ray Race Ready and Extremely Valuable
Photo: GM Media Archives
Due to changing external forces, General Motors had a fickle relationship with factory-backed racing in the 1950s and 1960s, and the corporation was ostensibly keeping motorsports at arm’s length when the second-generation Corvette was nearing its debut. This didn’t stop the engineers behind Chevrolet’s sports car from designing and building the specialty parts the new Sting Ray would need to establish dominance in competition. The Regular Production Option code Z06 was selected for 199 coupes, and surviving examples of that limited production run are considered the most coveted and valuable road-legal 1963 Corvettes in existence.
Regardless of what the official GM policy on racing was at the time, the Corvette team had long been actively encouraging motorsports and the glory that brought to this model and Chevrolet as a whole. Privateers who wanted to compete in their 1962 roadsters could specify RPO 687 to gain heavy-duty suspension and braking components, as well as a quicker steering ratio and 37-gallon fuel tank; ticking the RPO 582 box brought a 360-horsepower 327-cu.in. V-8 topped with Rochester mechanical fuel injection. Versions of these special upgrades would have a place in the new-for-’63 Sting Ray as well, for a time similarly bundled under RPO Z06, a.k.a. “Special Performance Equipment.”
Selecting this, a racing hopeful had to lay out a not-insubstantial $1,818.45 ($18,110 in today’s money) atop the $4,038 (circa $40,210) MSRP of a 1963 Corvette coupe that was also optioned with the L84 fuel-injected 360-hp V-8 ($430.40, or $4,285), four-speed manual transmission ($188.30, or $1,875), and Positraction limited-slip differential ($43.05, or $429). Later in the year, Chevrolet lowered the Z06 package cost to $1,293.56 ($12,880) by making the initially included cast-aluminum knock-off wheels and 36.5-gallon fuel tank —RPO P48 and N03—into standalone options. Even in its most basic form, a Z06-equipped 1963 Sting Ray was an expensive car.
And it has always been one, especially from the mid-2000s when retail book values shot up exponentially. Classic.com has been tracking the values of many variants of Chevy’s sports car for the past five years, and non-Z06-equipped 1963 models now sell at auction for an average sum just under $160,000. The Z06 variant is a special case, and although the website currently considers the ’63 Corvette Z06 to be a declining market benchmark at $510,165, it has hardly reached bargain-basement status—the current average public-sale price as of press time is $531,154. Thirteen Z06s have sold at auction since August 2019, with the least expensive being a coupe that changed hands via Mecum in Houston for $235,000 in April 2023, and the priciest being a sub-5,400-mile original that commanded $1,242,500 (the pre-sale estimate was $750,000-$900,000) at Gooding & Company’s Amelia Island event in March 2022. These figures handily outstrip current retail book values that range between $219,000 and $447,500.
Value Trend - 1963 Chevrolet Corvette RPO Z06
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