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Tips For Shopping a Used Ford Mustang

So you have decided you want to join the millions of Ford Mustang owners worldwide, and buy a previously owned Ford Mustang. Congratulations, there’s nothing quite like the feeling you get in the pit of your stomach when you shift from third to fourth gear, or the looks you get from jealous co-workers as you park your Mustang. That being said, there are a few things you should consider.

Before you go to look at a used Mustang, it is best to do a little research. Search the Internet to see if you can find more than one used Mustang in your area. Remember that price can vary dependent on engine size, transmission, year model, and miles. Once you have found a few that you might be interested in, you can look up, and compare the fair market value to what the dealer is asking.

Not all Mustang owners who trade in their cars have taken good care of them. Never buy a used Mustang without driving it at highway speeds first. If it is a standard shift you are considering, pay special attention to the clutch. Does it feel loose, or is it tight? If it is loose, and it is a fairly recent model, it may have been driven hard. Another sign is massive tread wear on the rear tires. For used Mustangs with an automatic transmission, make sure there is no transmission slippage when you take it for a test drive.

If you are looking at a Mustang that is at a dealership, you can ask for a free carfax history report on the car. This will tell you if the title is clean, if the Mustang has been used as a rental car, and if the car has had any major damage.

Know what the warranty is on the car. 2005-2009 used Mustangs may still have factory warranty left on them. The original warranty is three years or 36,000 miles, whichever comes first. The warranty starts the date of the original purchase, and transfers to the new owner. For instance, if a 2005 Ford Mustang wasn’t originally purchased until July of 2006, and it’s now January of 2009, it would still have 6 months left on the warranty as long as it hasn’t gone over 36,000 miles.

Insurance rates on Mustangs will vary dependent on the equipment installed on the vehicle. The 4.6-liter V-8 engine is going to be considerably more to insure than the 4.0 V-6. Mustangs equipped with an automatic transmission are less to insure than the 5 speed, and convertibles are more money than the hard tops.

If you plan to finance the vehicle, it is a good idea to get a rate quote from your local bank or credit union before going to the dealership. Dealerships do get money from banks for sending them financing, so they will try to beat the rate your own bank or credit union gives you.

When shopping for a used Ford Mustang, it is important to get the car equipped the way you want it. If you want a V-8 manual transmission, you will not be happy with the automatic V-6 model. However you want it equipped, do not settle for anything less, and you will be glad you did not.

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