• (4.7) 66 reviews
  • Available Prices: N/A
  • Body Style: Coupe
  • Combined MPG: 20-24
  • Engine: 390-hp, 4.6-liter V-8 (premium)
  • Drivetrain: Rear-wheel Drive
2004 Ford Mustang

Our Take on the Latest Model 2004 Ford Mustang

What We Don't Like

  • Slippery-weather traction
  • Final year in this form
  • Backseat space
  • Manual-gearbox operation

Notable Features

  • Choice of V-6 or V-8
  • Coupe and convertible body styles
  • RWD layout
  • Mach 1 and Cobra models
  • Color-shifting paint package for Cobra trim

2004 Ford Mustang Reviews

Vehicle Overview
Ford’s “pony car” celebrates its 40th anniversary in 2004, and all models wear special commemorative front-fender badging. A limited-edition 40th Anniversary Package that features performance-oriented upgrades and Arizona Beige stripes on the hood, lower rockers and deck lid is available.

Last year saw the return of the limited-production Mach 1 Mustang, which first debuted in 1969. Continuing into 2004, the current version has a functional “shaker” scoop on its hood as well as an air-dam extension and low-gloss black striping above the rocker moldings. Not only has the Mach 1’s body been lowered by half an inch, but its 4.6-liter V-8 engine is also good for 305 horsepower. An SVT version of the Mustang called the Mustang Cobra is also available. (Skip to details on the: SVT Mustang Cobra)

Coupes and convertibles are available. Regular V-6 Mustangs come in standard, Deluxe and Premium trim levels, while the GT V-8 is offered in Deluxe and Premium levels.

Ford’s Mustang is the last of the traditional rear-wheel-drive pony cars. At the 2004 North American International Auto Show, Ford introduced a brand-new Mustang that will go on sale as a 2005 model-year vehicle.

Even in the tamer, V-6-powered trim levels, the Mustang flaunts a sporty appearance with its long hood and short rear deck. Several styling cues, including the hood scoop, side scoops and a grille that contains a pony emblem in a chrome corral, are evolutions of the Mustang’s appearance from more than three decades ago. Convertibles have a glass back window and a power-operated top that stows beneath a hard boot.

Mustangs seat four occupants on front bucket seats and a split, folding rear seat; the seatback is fixed in convertibles. Seating is reasonably upright for easy entry and exit, but the doors demand considerable space in order to be fully opened. Cargo volumes are a modest 10.9 cubic feet in the coupe and 7.7 cubic feet in convertible models.

Under the Hood
Base-model Mustangs carry a 190-hp, 3.8-liter V-6 engine, while the GT gets a 4.6-liter single-overhead-cam V-8 rated at 260 hp. Either engine can team with a five-speed-manual transmission or an optional four-speed automatic. With the manual shift, the Mach 1’s 4.6-liter V-8 generates 305 hp at 5,800 rpm and 320 pounds-feet of torque at 4,200 rpm. A limited-slip rear axle is standard on GT models.

All-disc antilock brakes are standard on the Mach 1 and SVT Mustang Cobra and optional on other models. Side-impact airbags are not available.

Driving Impressions
Whether it packs a V-6 or V-8 engine, the Mustang is a strong performer, yet it’s easy enough to live with for everyday driving due to its relatively smooth ride and quiet operation.

Handling is another bonus, especially when driving a GT. Steering demands moderate effort, but you get firm, secure responses and a tenacious grip through curves. The GT’s V-8 delivers a satisfying exhaust sound. Ford’s five-speed-manual gearbox isn’t always the easiest to shift, and some of them have made a clanking sound.

Related Model: SVT Mustang Cobra
Revived as a 2003 model, the SVT Mustang Cobra dishes out more power than any of its predecessors — 390 hp at 6,000 rpm and 390 pounds-feet of torque at 3,500 rpm. The extra horsepower on the current version results from an Eaton Roots-type supercharger that features a water-to-air intercooler for the 4.6-liter V-8 engine. A six-speed-manual transmission sends all the Cobra’s vigor to the back wheels.

Coupe and convertible body styles are available, but the soft-top Cobra has its own suspension tuning. The Cobra is capable of accelerating from zero to 60 mph in 4.9 seconds.

For 2004, 1,000 examples of a limited-edition Mystichrome Appearance Package, which features color-shifting body paint, will be produced. Two new regular colors are available: Screaming Yellow and Competition Orange. Ford halted the production of all SVT products midway through the model year, but a new group is expected in a year or so. Back to top

Consumer Reviews


Average based on 66 reviews

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2004 Mustang is dream car!

by MedpilotMustang from Dallas on December 8, 2017

This is an older car (2004), but is an Aniversary Model Mustang. It has the interior I wanted, engine I wanted, and the body style. It still needs a little tender loveing care, but I have already done... Read Full Review

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12 Trims Available

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Wondering which configuration is right for you?
Our 2004 Ford Mustang trim comparison will help you decide.

Ford Mustang Articles

2004 Ford Mustang Safety Ratings

Crash-Test Reports


There are currently 6 recalls for this car.

Safety defects and recalls are relatively common. Stay informed and know what to do ahead of time.

Safety defects and recalls explained

Service & Repair

Estimated Service & Repair cost: $4,800 per year.

Save on maintenance costs and do your own repairs.

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