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2002 Ford Mustang

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$17,475

starting MSRP

Key specs

Base trim shown

Coupe

Body style

4

Seating capacity

183.2” x 53.1”

Dimensions

Rear-wheel drive

Drivetrain

Overview

(69 reviews)

5 trims

Starting msrp listed lowest to highest price

  • Deluxe

  • Premium

  • GT Premium

  • Base

    $17,475

  • GT

    $25,585

Wondering which trim is right for you?

Our 2002 Ford Mustang trim comparison will help you decide.

See also: Find the best Coupes for 2024

2002 Ford Mustang review: Our expert's take

By Cars.com Editors

This is the last Pony standing in its field.

With the Camaro and Firebird going away, the Mustang, in several forms, remains the sole muscular Pony Car from the 1960’s.

It was a primitive, stiff, car then. It is, except in Cobra/SVT incarnations, a primitive, stiff car today.

It is muscular, its steering is not sharp, it still has a solid rear axle, and with its power and rear-wheel-drive configuration, it is prone to quick oversteer.

You got a problem with any of that?

Lots of folks don’t, because the Mustang endures as an American icon — if one getting a bit long in the tooth.

The 2002 Mustang GT convertible is a case in point.

It retains the essence of raw American power, has a muscular look, a powertrain that can outrun its platform, and too many interior instances of cutting corners on quality.

These days, when you pay more than $30,000 for a sports car/performance car, you should not have to put up with lots of hard plastic and other cheap interior appointments. The Germans in particular give us quality interiors at this price range: nicely paneled doors, textured dashboards, firm and supportive seats.

They even manage to give us at least some interior storage space in various bins and boxes that make great strategic use of the limited space of a smaller car.

This does not make the Mustang a bad car. It’s just that Ford is going to have to do better when it redesigns a car that has not been seriously tinkered with since 1999.

The GT convertible we tested came with a 4.6-liter, SOHC, V-8 engine that produces 260 horsepower and a solid 302 lb.-ft. of torque.

That was plenty to move just over a ton-and-a-half of car. And it did it, aided by twin exhausts, to a truly appealing, burbling exhaust note.

A five-speed manual transmission or a four-speed automatic (as tested) are available in the GT. I found the automatic prone to somewhat sudden, jerky shifts when I got into the gas heavily.

The ride was stiff, with road feel imparted at every notch, nick, bump, or highway expansion joint. That’s not a totally bad thing, since the stiff ride helped keep the car .at when cornering in lane changes on the highway. However, on twisting back roads, where the G-forces climb and the pavement below is not as smooth and .at, the rear suspension tended to get twitchy, kicking out the rear even when not much power was being sent there.

It is an odd sensation in that you have a car powered like a well-trained thoroughbred, yet it can get skittish like a young colt.

Traction control helped handle that skittishness. It uses a combination of torque sent to whichever rear wheel has the most grip and split-second application of the ABS system to help prevent skids and slides.

The GT has an independent strut syste m with separate lower-arm springs and a stabilizer bar up front and, in the rear, a four-bar link setup, coil springs, stabilizer bar, and, unfortunately, that solid horizontal axle. Hopefully the independent rear suspension found in the Cobra/SVT cars will trickle down into the lesser Mustangs in the next generation.

The powerplants from Ford just keep getting better. It is now a matter of tuning the architecture to support them.

From the outside, the Mustang retains the long hood, short rear deck look reminiscent of the ’60s. Added this year, and further enhancing that ’60s appeal, are (nonfunctional) air scoops on the hood and behind each door.

The interior provides ample leg and headroom up front, while rear seat passengers will find their knees pinched against the front seats. Access to the rear seats is difficult and, even with the top down, allowing for contortions you could not perform in the coupe model, can be arduous The front seats are far too soft, nonsupportive, and even floppy at the back.

The twin cowl dash gives a tight cockpit feel for both passenger and driver. Gauges behind the wheel are stark and easy to read. Controls for climate and audio systems, at center dash, are made up of large, easy-to-find and use buttons and knobs.

Interior storage space is virtually nonexistent (the biggest bin is in the console between seats) and the trunk space, already minimal, was largely devoured by the Mach 1000 audio system ($1,295) that came in the test model.

The views from the driver’s seat offer an interesting contrast.

Looking out over the hood, a clean view is interrupted by the bulge of the air scoop.

That will give lots of folks a sense of power as they see this muscular protuberance bobbing ahead as, from the rear, they hear the basso burble of those twin exhausts (even though the one does nothing to contribute to the other).

Looking out the rear is a different story.

The thick C-pillars of the upholstered convertible top cut angled vision considerably. Further, the small slit that is the rear window (at least it’s real glass) reveals a good view of the rear spoiler. Learn to use those outside mirrors, folks.

The Mustang seems to me to be a car at a crossroads. Still standing, but in need of some refinement. By that, I do not mean bleeding out its heart of hot American steel. Keep that heart beating. But to compete (and I’ve seen some of the upcoming GM platforms that could end up beneath hot new competitors) Ford has got to give the Mustang a better platform. Further, it needs to upgrade the quality of its interiors.

2002 Ford Mustang GT convertible

Base price: $28,390

Price as tested: $31,100

Horsepower: 260

Torque: 302 lb.-ft.

Wheelbase: 101.3 inches

Overall length: 183.2 inches

Width: 73.1 inches

Height: 53.1 inches

Curb weight: 3,208 lbs.

Seating: 4 passengers

Fuel economy: 20.3 miles per gallon

Source: Ford Motor Co.; fuel economy from Globe testing.

Nice touch

The tight, easy-to-use, convertible top. Very quiet on the road. Easy to operate with two manual clamps and one automatic button.

Annoyance

The glove box. So small and thin it is difficult to store even a document inside without pinching it in the latch.

Consumer reviews

(69 reviews)
Rating breakdown (out of 5):
  • Comfort 4.3
  • Interior 4.3
  • Performance 4.6
  • Value 4.8
  • Exterior 4.8
  • Reliability 4.8
Write a review

Most recent consumer reviews

2002 3.8 V6

I own a 2002 3.8 v6 model with 170,000 miles. The only repairs have been an alternator ,ps pump and transmission mount. Engine/trans runs like new. Bad points are harsh ride and somewhat difficult to get in and out of.....good points are reliability ,oil tight, and easy to work on

Rating breakdown (out of 5):
  • Comfort 3.0
  • Interior 3.0
  • Performance 4.0
  • Value 5.0
  • Exterior 4.0
  • Reliability 5.0
  • Purchased a New car
  • Used for Having fun
  • Does recommend this car
8 people out of 8 found this review helpful. Did you?
Yes No

Lots of fun to drive around town .Havnt gone on ro

Philip. A good price since girl that had it before me hit a mailbox With driver door runs good, but has a sputter when stopping At red light.

Rating breakdown (out of 5):
  • Comfort 4.0
  • Interior 4.0
  • Performance 5.0
  • Value 5.0
  • Exterior 5.0
  • Reliability 5.0
  • Purchased a Used car
  • Used for Having fun
  • Does recommend this car
12 people out of 14 found this review helpful. Did you?
Yes No

Great Car

Great car! I just don't drive it that much. Never driven in winter. Oil change and check up on regular basis. Had Gaskets changed this spring.

Rating breakdown (out of 5):
  • Comfort 5.0
  • Interior 5.0
  • Performance 5.0
  • Value 5.0
  • Exterior 5.0
  • Reliability 5.0
  • Purchased a Used car
  • Used for Having fun
  • Does recommend this car
47 people out of 49 found this review helpful. Did you?
Yes No
See all 69 consumer reviews

Safety

Based on the 2002 Ford Mustang base trim.
Frontal driver
5
Frontal passenger
5
Side driver
3
Side rear passenger
3

Warranty

New car and Certified Pre-Owned programs by Ford Blue Advantage Blue
Certified Pre-Owned program benefits
Maximum age/mileage
Fords and many non-Ford vehicles up to 10 years old with less than 150,000 miles
Basic warranty terms
90-Day/4,000-Mile (whichever comes first) Comprehensive Limited Warranty
Powertrain
Available
Dealer certification required
139-point inspection
Roadside assistance
Yes
View all cpo program details

Have questions about warranties or CPO programs?

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