With heritage as one of the most iconic pony cars, the 2002 Ford Mustang is a popular sports car. It is available with a fuel-efficient V6 or a powerful V8 engine and it seats up to 4 people. Buyers can choose between a fastback or convertible body style. It is meant for drivers who want a stylish, sporty ride.
What Makes It Unique?
The Mustang has been a favorite among drivers and car enthusiasts since 1964.
Mustang vs. Other Fords
The Mustang is the only sub-$30,000 sports car in Ford’s lineup. The Thunderbird is a sporty convertible but it is more expensive and not as powerful. The Focus is for buyers looking for a more economical car.
Ford Mustang vs. Competition
The Mustang has made a name for itself in a niche vehicle class. Some of its biggest competitors include:
The fourth-generation Mustang made its debut in 1994. It received a new V8 engine option in 1996 and a facelift that Ford labeled “New Edge” in 1999. The engine options were updated in 1999 as well. There were no more significant changes throughout the rest of the generation, which ended in 2004. The Mustang was redesigned in 2005 for its fifth generation. Buyers can save money by choosing a used Mustang, but1999 and newer year models will look and drive differently than pre-1999 year models.
The GT Deluxe is a good value as well. While it lacks some of the interior comfort features of the Premium trim, it does have the high performance engine option. The Base Deluxe and Premium trims are the most affordably priced and offer the best fuel economy but they lack the exciting performance that make the Mustang so popular.
2002 Ford Mustang Performance
The Mustang has two engine options:
190-horsepower 8-liter 6-cylinder engine paired with a 5-speed manual or 4-speed automatic transmission and rear-wheel drive (RWD)
260-horsepower 6-liter 8-cylinder engine paired with a 5-speed manual or 4-speed automatic transmission and RWD
Compared with the class? The Mustang’s engine options are less powerful than its competitors’ engine options. The Chevrolet Camaro and Pontiac Firebird both have V8 engine options that produce more than 300-horsepower, and their V6 engine option makes 200 horsepower.
V6: 21 EPA-estimated combined mpg*
V8: 19 mpg
*The EPA uses a mixture of highway and city driving for its combined estimate.
Compared with the class? The Ford Mustang’s fuel economy is equivalent to its competitors.
CARFAX offers millions of used cars for sale nationwide. Every listing includes the vehicle history. The data below is updated daily, based on used car inventory for sale on CARFAX.
2002 Ford Mustang Deals on CARFAX
Percentage of 2002 Ford Mustang for sale on CARFAX that are Great, Good, and Fair Value deals. Values are determined by whether the selling price is above, below, or the same as the history-based CARFAX Value.
VEHICLE HISTORY SUMMARY
The Vehicle History Summary represents the percentage of cars available for sale on CARFAX that are reported to have no accidents or damage, had 1-owner, been used as a personal or personal lease car, and/or have service history information.
No Accidents or Damage Reports
2002 Ford Mustang Pricing
The Manufacturer's Suggested Retail Price (MSRP) is the "sticker price" for this vehicle, including optional equipment, when it was new.
The price range for the 2002 Ford Mustang is $3,995 - $13,000.
The average selling price is $7,791.
The data below is updated daily, based on used car inventory for sale on CARFAX.
Price range and average selling price are based on the median selling price while CARFAX Value is a VIN-specific value based on the vehicle's history.
$18,100 - $28,100
This is the price range for the 2002 Ford Mustang based on used car inventory for sale on CARFAX.
$3,995 - $13,000
Average Selling Price
This is the range of CARFAX Values for the 2002 Ford Mustang on used car inventory for sale on CARFAX.
CARFAX Vehicle History products and services are based only on information supplied to CARFAX. CARFAX does not have the complete history of every vehicle. Use the CARFAX search as one important tool, along with a vehicle inspection and test drive, to make a better decision about your next used car.