I have owned 2 Mustangs, a 00 V6 which had no problems, and a 01 GT which was towed 7 times (in 1.5 years), had the T45 trans replaced (trans seized at 50, which shattered the clutch. It felt like I'd jammed the brakes on at max strength, I'm lucky I wasnt in traffic. Warranty was denied cost me 4500), the car refused to start 5 times (in 4 of the cases the engine wasnt turning over, battery only died once), torque converter failed, a fuel pump gave out, brakes (disks) needed to be replaced. Also note the steering wheel can lock in such a way that a pin blocks the key from turning, if this happens to you try turning the steering wheel until it lets you turn the key.
My '03 Yellow Stang GT Convertible was an amazing find. With only 3100 miles on it when I bought it in August of '05, I couldn't walk away. With the Mach 1000 system built into it, the 5 speed, the color, and being a convertible, I'm proud to have made the choice of purchasing my first true pony car. Handles tight, shifts solid, loves 2nd gear. Would highly recommend to anybody looking for a whole lot of power at a bargain price to check one of these out.
This is the 2nd Mustang I have owned, the first being a 01 Mustang Conv. It's simply the best 4 seater convertible for the money. The car looks great with the top down and the auto top is easy to use and opens quickly. It has enough power to be fun but not dangerous. It's a solid smooth ride which is exceptional for convertibles.
The ford mustang is my first car and i needed to have it because i was brought up with one. My mom had an 82 mustang, it lasted 17 years before it bit the big one. The GT mustang is great. I only have one problem, i think that the interior design could be a little better. But otherwise its the best car i have ever seen and i love cars. You should really get one, there great.