July 26, 2019 Update:  Since we re-featured this ’91 Mustang on July 16th for Topless Thursday, we see that the seller now has the price lowered again to $8,200.  It’s becoming clear he wants to sell this car.  We’ve updated the link down below.  We’re guessing what’s holding this example back is the automatic transmission.

July 16, 2019 Update:  We originally posted this 1991 Mustang for our Topless Thursday on May 16th and earlier today we saw the same car under a new Craigslist post for the revised price of $8,750, down from the original asking price of $9,900. We’ve updated the links and the pricing below; good luck with the purchase!

Found here on Craigslist in Fort Washington, Pennsylvania is this 1991 Bright Red over Black Leather Ford Mustang 5.0 LX convertible offered by what appears to be a private party who has brought this rust free example from California with the hopes of selling it in the Philadelphia area.  Based on the Hagerty Insurance Online Valuation Tool, the seller currently has this Mustang priced $3,050 below the #2 “Excellent” value of $11,800 and $1,350 above the #3 “Good” level of $6,400.

When it comes to “Foxbody” Mustangs, we prefer the last two years (’91-’93) of the third generation Mustang’s long production run which lasted from model years 1979 through 1993.  These last two years feature the best handling and most power from Ford’s venerable V8.  Additionally, Ford figured out a way to make the top fold flatter on the convertibles for a much cleaner look. 1991 was also the year Ford switched to the beautiful five-spoke pattern wheels in either painted or polished form that Mustang enthusiasts still covet today. We also prefer the cleaner lines and 100 pound lower weight of the 5.0 LX models versus their GT brethren.  Long popular with the drag racing and hot rod crowds, unmolested original versions are becoming harder to find and prices are on the rise.  These early 90s examples remain a value that provide the performance and handling of a muscle car with the comfort, convenience, and reliability of a modern vehicle.  These will continue to climb in value as more people realize that.

The seller presents this Mustang as a clean 104K mile rust free, bone stock “time capsule” that in his words starts, stops, and drives without issues.  The excellent pictures provided show a beautiful stock exterior. We noticed that there may be slight discoloration on the rear bumper, otherwise this example presents very well.

The black leather interior features the factory cassette tape deck and while the seller states he recently conditioned the black leather the scratches on the center of the back seat indicate the previous owner liked to take her dog for rides in this car. The driver’s seat features power bolsters. The bolster appears to be sagging, but that’s easy fix if you don’t like the patina.  The truck features the original cargo net and the top boot bag.

The 5.0 liter V8 sends its 225 horsepower through a four-speed automatic transmission.  Its nice to see an unmolested 5.0 in its original untouched engine bay.

The seller provides extensive pictures of this car’s undercarriage and this is what will sell the car.  The body, frame, and undercarriage components look good enough to make this example a potential concours candidate.

In addition to the extensive pictures provided, the seller provides three videos demonstrating just how nice this Mustang is.  If you denied yourself one of these when they were new, now is the time to buy this nice example before everyone else jumps on the bandwagon and prices climb even more.  Good luck with the purchase!

Click Here for Walkaround Video

Click Here For Start Up and Drive Video

Tires squeal video (trained ear will know the 2-tire sound)