I bought my 95 GT in 1998 for $15k with 17K miles on it. Regular maintenance at 3K miles with only mobil1 synthetic oil.
It now has 127K miles and after 14 yrs it needed the auto trans rebuilt.
Motors for both pwr windows and driver seat
needed replacing along with odometer/speedometer gear.
Otherwise gr8 car. No takeoff with stock 2.73
gears. Now have 3.55 its way better. Avg 20 miles per gallon normal driving. Love interior and the cloth seats are comfortable and durable. Still looks new. Backseats fold down allowing transport of long objects. I love this body style and the car is solid and quiet inside.
I recommend buying a mustang for fun and reliability over long term ownership.
Before I had a 94 mustang v6, and for years it ran great with minimal problems. Got into a car accident with it, and the insurance company totaled it. I used the money I got from it to get my 1995 GTS which are not very common, and I think this is the best purchase I ever made. I bought it with 151,000 on the clock. Original engine and tranny. Previous owner took very good care of it. I replaced all the fluids, spark plugs, filters etc. Iv'e put 7000 miles on it since I bought it and it's still running like new. The clothe seats are super comfy, and its fairly quick for an old 5.0. So far its a great car and I plan on having it for a really long time as I did my old mustang.
Car was purchased brand-new 17 years ago and was the first Ford product I had ever owned. Except for several build flaws from the factory, it has been trouble-free through 134,000 miles. It has been garaged the entire time and looks factory-new to this day. I do all the maintenance on the vehicle myself, including 3,000 oil/filter changes, tune-ups, tire rotations, and fluid changes. The A/C unit is powerful and efficient even in FL heat and humidity. The car gets exceptional mileage for a 150 HP engine (V-6 and auto. trans.) at Interstate speeds because of the car's high final drive ratio (about 1900 rpm's at 75 MPH), 30 mpg w/AC on and 32 with the system off. City mileage is only 15-20.
i first purchased this vehicle expecting a sporty reliable car with 54k miles. at 56k miles, the exhaust was shot including the cats, at 58k miles the head gaskets blew, which was a costly and time consuming repair. turned out the gaskets were installed incorrectly, and ford knew.
owner notification was initiated a few months later, with an apology, and an offer for reimbursment, good, but not as good as my moms toyota with 140,000 miles and no engine trouble.
I have had my Mustang for a little over 3 years. It has been through a lot, it was originally a 3.8, but I can't stand that engine, it's crap. So I put a 5.0 in it and love it. I'm going to put a lot of money in it in the near future. I believe it should have more performance from all the talk, but it is ok and it has a lot of potential. If the money is put into it smart, then it can be one of the finest looking cars around. And I only gave 3,500$ for mine.