29K Miles: 1987 Ford Mustang GT Convertible – $15,000 RNM

August 24, 2022 Update – The high bid of $4,950 did not meet the seller’s reserve price of $15,000, so we’ve moved this Mustang to our rides still available page.  To buy the car for $15,000, click on one of the blue “Buy Now” buttons on this page to start the process.

GuysWithRides is proud to offer this 29k original mile, 1987 Ford Mustang GT convertible being offered by the original owners. The actual car features a white exterior with a rare tan cloth interior. The seller purchased this Mustang new as a 35th wedding anniversary present for his wife.  Now 35 years later, they have decided to find a new home for the car!

Bidding opened Wednesday, August 3, 2022, and runs for fourteen (14) consecutive days ending at 5:00 PM Eastern Time on Wednesday, August 17, 2022.

This 1987 Mustang GT convertible currently resides in the North Bay area of San Francisco, California.

We are running this second-chance auction at the original owner’s request. The original auction for this car ended on May 11, 2022, with the seller’s reserve price not met.  After further review, the seller lowered their reserve price and asked us to try an auction the car again with the hope of finding it a great home!

(NOTE: Click on the picture to stop the slide show and expand the pictures. Scroll down to see all photographs) Note that additional detailed pictures can be found at the very bottom of this auction listing.

Current Bid: $4,950

In August 1986, the Mustang received a facelift for the 1987 model year on both the interior and exterior. The front end was restyled to look more like the SVO which gave the car more of an “Aero” look, in keeping with Ford’s overall modern styling direction. The interior received an all-new dash, center console, and revised seat and door trim. With the SVO discontinued, models were now pared down to LX and GT. Taillights on the LX were revised with clear lenses for the turn signals while the GT now wore specific body-colored triple louvered lenses. The quarter glass windows lost their louvers and now sported a single larger flush piece of glass lettered with “Mustang” at the bottom rear corners. The GT models featured new round fog lamps and gained aerodynamic lower bodyside skirting as well as new turbine style 15-inch (380 mm) wheels. The 302 cu in (4.9 L) Mustangs became popular with the aftermarket performance industry. The V6 option was discontinued while the 2.3 L four-cylinder gained fuel injection, leaving only the 2.3 L four-cylinder and the 302 cu in (4.9 L) V8.

V8-powered Mustangs received E7TE heads and forged aluminum pistons with valve reliefs in 1987, as opposed to the flat-tops used in the previous year.  The E7 cylinder heads were sourced from the truck line after the 1986 swirl-port design demonstrated performance problems. Power ratings increased to 225 horsepower and 300 ft-lbs of torque.

The original owner purchased this Mustang GT convertible new as a 35th wedding anniversary present for his wife. They have kept the car in its original condition and used it sparingly since then. In addition to the wheels and stereo shown, the original turbine-style wheels and factory radio will be included as part of the sale.  The only thing the seller notes is that the heater core has been bypassed.

The complimentary CarFax® confirms this 1987 Ford Mustang GT convertible to be a one-owner, accident-free example with just under 29,000 original miles.  To review the CarFax, please click on the picture below. When finished, click on your browser’s back button to return back to this listing:

Below is a complimentary Lemon Squad Pre-Purchase Inspection (“PPI”) completed on April 27, 2022, in preparation for this car’s auction. The inspector noted the air conditioning compressor did not turn on during their inspection; however, since this inspection, the seller had the A/C inspected and recharged and it is now blowing cold air.  Please click on the picture below to review the Lemon Squad Pre-Purchase Inspection. When finished, click on your browser’s back button to return back to this listing:

To help you make informed bids, we’re providing a link to Classic.com, the analytics and search engine for the Classic Car market, that provides an interactive graph of recent comparable sales in the past two years. By clicking on the green dots, you can navigate to each comparable car sold as a way to help you make an educated bid on the car we are featuring for auction here:

If you have any questions about this 1987 Ford Mustang GT convertible, please leave a comment below or feel free to call Rudy directly at 877-468-6497.  Thank you for looking and happy bidding!

  1. Dano

    Sweet ride, even though the rims are not the original GT turbine rims, these LX rims were all the rave back then. Gives any Pony GT a cleaner, sportier look. Besides, those turbine rims were a pain to clean.

    • Guys with Rides

      Dano, worth noting is that the sale includes the original GT Turbine rims as well as the five-spoke ones currently mounted on the car.


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