1992 Mustang Convertible, 5.0 LX

Wow, take a look here at this 1992 Mustang LX 5.0 convertible.  It's a little bit of a project, but WOW what a lot of car for not alot of money...invest a little in fixing it up, and this could be a car you enjoy for YEARS and then turn a profit!  This is originally a Florida car, which accounts for it's lack of any serious rust (only surface rust underneath).  It had 2 owners prior to me, an excellent history for an 18 year old car.  The story goes that the original fellow purchased the car and drove and enjoyed it for many years.  He spent thousands on upgrades and ultimately lost interest and sold it to a fellow local to me here in CT.  That fellow owned the car for many years until one day he came out and the car didn't start.  Not being any kind of mechanic, he decided to just go buy another car which he did from a Ford dealership.  After driving the new car for a couple of years, he decided he wanted to trade both in and buy an suv.  I overheard talk of a super-low mileage Mustang and agreed to purchase the car.  It came in not running-which turned out to be a very minor problem with a kill-switch installed by the original owner.  I had it removed and the car started right up.  She was noisy but ran strong and pulled hard.  It needed tires so I went on craigslist and found a GREAT set of 245/50/16s for it which I had installed.  The engine had a clattering noise, so the technician diagnosed that it needed a lifter.  All  were replaced.  That work was done, but when the car back there was still a minor ticking.  That tick has now gotten louder again-we agree that the car needs a rocker or two, too.  However, the car starts and runs great...and the ticking is nothing more than an annoyance.  I have driven it back and forth to work on many occassions-over 30 miles each way with no problems.  My mechanic told me that the inside of the engine was immaculate-it appeared that fresh fluids had always been kept in the car and that he saw no sludge to speak of when in there doing the lifters.  A carfax was run on the car, which supports all the information supplied here-except for one entry.  The second owner took it for emmissions in CT.  The emmissions tech didn't believe that the car only had 40k miles on it-so he entered exactly 90,000 miles for the mileage.  That was an error, and everything else supports the car being an actual 44k mile car. 

Mechanically, this car starts right up, runs like a bear, stops well and straight, and goes down the road fine.  My commute is done at approximately 75 mph if not more-no problems.  The engine has what I think is a GT-40 motorsport intake, headers, a high-flow h-pipe with 2 cats, and a cam (I would bet it's a motorsport cam, too...but that's just a guess).  It also has a huge cone filter that was just cleaned and oiled.  It has a new cap, rotor, plugs, and wires.  The car is running at about 15 degrees initial timing right now-I think the car could be run as high as 20 degrees without detonation on 93 octane.  I tuned it back because the clutch is slipping, though only when you get into it.  The car will still get a 1st, 2nd, AND 3rd gear scratch and the tranny feels GREAT.  The car had to have an emmissions test to be registered in CT...it passed with flying colors.  It does have some exhaust leaks, too...it's noisy but actually sounds pretty mean.  The car has an "x" brace on the lower front chassis, welded-in subframe connectors, and a strut-tower brace up front as seen in the pics, too.  I just installed a brand-new Clarion AM/FM/CD player, and the car has 2 Boston Acoustics speakers in the rear side-panels and 2 new Polk Audio speakers in the doors.  In the trunk is an MTX amplifier running 3-channel, powering one 12" subwoofer.

The car has some roughness in it's appearance-the nose piece has been replaced, though it looks like it was from a fender bender, not a major accident.  The front of the passenger fender also got some "home" body work-with some bondo and somebody doing the worst possible job of sanding.  The headlights are faded, the hood has several dents in it as does the trunk lid.  A replacement aftermarket fender is around $80, set of 6 headlights on Ebay run around $100, and the car should get a fiberglass hood anyway to enhance it's mean look.  Have a local body shop spray it all...and under $1000 the car could be very presentable.  The rockers and door sills are all excellent (see pics) and I don't really find any rust on this car anywhere, except surface rust that you would expect.  The top has some minor holes and I would recommend a replacement.  It does go down on it's own power, but you have to "help" it up.  Also, the right rear power window needs help to get up and down.  The driver's side latch on the top does not engage-I'm sure it could be replaced or encouraged to work-the previous owner was using a small clamp, fix it or use it like he did.  The trunk carpet is gone-there had been mice living in there at one time and it smelled bad so I threw it out.  The interior actually looks decent, the back seat and passenger seat are excellent, the driver's seat has a wear-through on the bolster and a stain, though it might be removable.  The underneath of the car looks decent, with only surface rust, except that there is a spot where the passenger's front seat rear bolt attaches-it looks to me like a jack was put there and it pushed a small hole up in that area (probably 2" across or smaller).  Again, there is a pic-forgive it's blurriness-but I think it gets the point across.  I think a mallet, a small scrap of metal and an hour's work and this is worked out fine.  It is NOT a rust-through spot.  I don't think it's the end of the world-but I'm going out of my way to describe everything so I want you to know it all.

So, in effect, here's what you have:

-a nice driver that you could pick up and drive home ( I drive it all the time, and have title in my name, in my hand)

-clear title with a good history

-an original 5.0 that was owned by adults and modified properly

-a vehicle that needs cosmetics and a clutch to be a really nice toy

Please, bid only if you are serious.  I really, really like this car-but I have another agenda and think I would be better served to sell it.  Again, this car is currently registered  and insured in CT and is driven every week.  I would not be afraid to set off on a several hundred mile trip-though I would address the engine rocker(s) and clutch in the next couple of months if I were to keep it.

Deposit of $1000 by paypal upon completion of bid, balance by bank check, paypal, or money order or cash AND pickup of vehicle within 7 days. Please ask questions first-I will be available email.  I will work with your shipper if you want to ship-but you will pay for their services. 

Thanks!  Happy bidding!

---

On Oct-15-09 at 10:49:43 PDT, seller added the following information:

Delivery: I will meet you half way to deliver car (I will drive up to 100 miles).