If you plan to use your Mustang as a daily driver, you should first make sure the vehicle is in good working condition. The good news is there are many road-ready Mustangs out there in need of a new home. I’ve found, in particular, many great deals on late 80s and early 90s model Mustangs. In fact, I’ve spotted several 5.0’s, in great condition, for a couple thousand dollars. The problem is there are also a few bad apples in the bunch. That said, make sure you take the vehicle to a trusted mechanic for a complete vehicle inspection. Pay careful attention to the drivetrain, as many people drive their Mustangs hard, thus resulting in problems with the transmission. Also examine the tire tread and look for rust on the frame. It's also a good idea to check out sites such as
myCarStats.com that list product recalls for the specific model year you’re looking to purchase.
If you’re buying a restored Mustang as your daily driver, ask the owner for paperwork documenting the work done and the parts installed on the vehicle. It pays to know what quality of parts were used and if they were installed properly. If the current owner is not willing to allow for a vehicle inspection, pass and find someone who will. Often times the seller will allow for an inspection, but will not lower the price in the event of any mechanical defects are found. If they are selling the vehicle ‘as-is’, just remember any mechanical problems will be your responsibility. If the cost to fix the vehicle outweighs the selling price, it’s wise to look elsewhere.
The five action items for purchasing a daily driver include:
- Research the vehicle to make sure you are paying a fair market price
- Have the vehicle inspected by a mechanic you trust
- Always take a test drive
- Address any problems with the vehicle before your purchase
- Don’t be afraid to walk if you don’t feel comfortable with the purchase
- Stick to your spending budget
How to Buy a Used Mustang
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