SN95 Bargain: 1994 Ford Mustang GT – SOLD!

April 21, 2022, Update – We confirmed the seller of this “Classifind” deleted their listing, so we’re now able to call this one “SOLD!” While this one got away, please reach out either by email or call us directly if you’d like to be informed when we come across something similar.

The SN95 Ford Mustang is one of the more unloved generations of the iconic muscle car out there, and it’s an unfortunate side effect of being produced directly after the wildly popular Fox body. The good news for enthusiasts is that they can pick up a loaded SN95 for what amounts to a very reasonable price. This 1994 Ford Mustang GT  was originally listed in Frederick, Colorado with just 65,000 miles and the preferred manual gearbox for $9,500. Comparing that price against the Hagerty Price Guide reveals there’s quite a spread with this generation of Mustang, as a “Fair” example is valued at $3,200 while an “Excellent” condition car is pegged at a reasonable $13,100.

When evaluating a car that effectively seems good on the surface but can’t seem to gain traction in the marketplace, one might be tempted to lay the blame on the car in question. The SN95 Mustang follows a familiar trend in the car hobby, which is that it automatically becomes unpopular solely because it follows a generation that everyone loved. The Fox-body is that car, as it was extremely well-received by enthusiasts and car collectors alike, and today is one of the first answers on the tip of anyone’s tongue recommending a collectible muscle car. If you’re like me and try to predict which currently cheap model will become an overnight collectible, I’d put the Mustang of this generation on top of the list. Yes, the build quality was pretty lousy and it wasn’t appreciably faster than the car it replaced but it will be cheap to maintain over the long haul all while delivering respectable performance that will make it more than entertaining on a daily basis.

The MotorWeek Retro Review Channel features this 1994 vintage track shoot out between the then-new 1994 Ford Mustang GT and its arch-rival Chevrolet Camaro Z/28:

The weird thing about cars like the SN95-chassis Mustang is that everyone universally knows it’s not the special one, the one that we toil away years for, just waiting for the day we have enough cash for a down payment. Perhaps it’s because even when new, the car was not the subject of debate over which modern muscle car was more deserving of a spot in the garage, especially since the Camaro of the same vintage was also somewhat unloved. The seller’s car shows 44,000 miles but actually has 65,000, owing to the original cluster being swapped out for one from a Cobra. Other upgrades include a Steeda short-throw shifter, BBK long-tube headers, BBK X-pipe, cold air intake, strut tower brace, and more. Despite being modified, the Mustang doesn’t look all that different from a completely stock example, and that works in its favor here as there’s nothing wrong with some extra power and better handling, especially in a car that will never be worth a lot more than it’s currently advertised for. Have you driven a Mustang from this generation, and do you feel it is as much of a performance bargain as we do?

Here’s the seller’s description:

“1994 Mustang GT 5.0
-44K miles (65K actual miles, previous owner swapped to a cobra cluster)
-Tremec 5spd
-Steeda Short throw with Hurst shifter
-BBK Long tube headers, BBK catted X pipe (passes emissions), Dynomax bullet Catback, 4-inch tips
-3.73 gears with limited slip
-28 spline axles
– CAI
– Strut tower brace

Parts not installed but included
-steeda cam
-subframe connectors
-stock wing
-stock wheels and tires
-stock air box.”

SN95 versus Fox-body: would you pay top-dollar for a Fox-body or save a few bucks and pick up an unloved SN95?