Fourth Generation Mustangs: The Time to Buy is Now

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Fourth Generation Mustang Cobra R

SN95 and New Edge Mustang models have now bottomed out in price, according to Hagerty. Take advantage while you can.

It’s difficult to think of the fourth generation Mustang as a collector car, but that very perception is exactly why we are bringing attention tot these models. Prices are at their lowest point, and as Hagerty points out, some models are actually rising in price recently. Those with the biggest price increases are the obvious models, but even the GT is worth a look these days.

Starting with the obvious, the limited edition Mustangs of this generation are the ones that carry the most weight in the market. Cobras, specifically the Cobra R models were limited edition, track-focused specials, and the 1995 Cobra R and 2000 Cobra R values are up 12 percent and 9 percent, respectively. SVT Terminators don’t enjoy the bump in value in so many words, but their depreciation has stopped. It’s not usual to find these cars in anything but excellent condition, which has helped keep their values elevated. In fact, its arguable that most were bought as investment pieces to begin with. Low mileage would be common, and expect to pay a premium for that.

Fourth Generation 1995 Ford Mustang Cobra R

Down the scale a little bit is the Bullitt Mustang. As an homage to the worlds most famous movie car, it enjoys a certain market safety, but surprisingly, the values are just about back to their original MSRP, 17 years later. Interestingly, Hagerty doesn’t mention prices of the fourth generation ’95 Mustang GTS, which was similar to the Fox Body LX in the way of a big engine, and bare bones interior.

More interestingly, there’s no mention at all of the Mach 1, which had the same limited-run, higher performance ingredients of the SVT models. We see that one carving out a niche market soon.

Fourth Generation 2003 Ford Mustang Mach 1 convertible Machenstein

But one important Mustang that can’t be forgotten is the regular GT. Although the mod motor created some fans, and alienated others, the 1994 and 1995 models had the old 5.0 motor as a carryover.

Fourth Generation New Edge Mustang Drifting

Still, the switch to 4.6 liters saw no loss in power, and enjoys a similar healthy aftermarket to that of the 5.0. Moreover, standard Mustang GT prices put the car very much in a buyer’s market.

So, if you’ve been thinking about getting that next collector car, or just want to put some miles on a future classic, fourth generation Mustang is a solid buy.

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Patrick Morgan is an instructor at Chicago's Autobahn Country Club and contributes to a number of Auto sites, including MB World and 6SpeedOnline.

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