Best Used Mustangs to Buy Right Now

Best Used Mustangs to Buy Right Now

Last Updated February 23, 2024 | Bill Tumas

If you're a Mustang enthusiast on a budget, there are a ton of options for a fast and affordable Mustang out there. In fact, there are so many Mustangs for sale out there, it can be hard to know which offers the best bang for your buck. In this article, we'll go over some of our favorite budget Mustangs that can be found for very reasonable prices nowadays. From vintage coupes to modern muscle, find the perfect Mustang for you from our list below and achieve your dreams without breaking the bank.

5. 2007-2009 Mustang GT500

The 2007-2009 Mustang GT500 is my fifth pick. You can get a 2020+ Shelby GT500 for around $100,000 if it's not in the best condition. However, you can find the 2007 model for only $20,000 to $22,000.

2007-2009 Shelby GT500s come with a 5.4-liter 500-horsepower supercharged engine, backed by a TR-6060 six-speed transmission. These features are worth every penny and can be improved even further. By throwing an extra thousand dollars of mods into it, you can increase the horsepower from 500 to 600 easily.

There's always an air of exclusivity that comes with owning a Shelby Mustang. You won't get quite the same performance level as the modern GT500s, but the performance you get for the price makes this car an excellent value.

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4. 2015-2017 Mustang GT

The fourth item on the list is the 2015-2017 Mustang GT. These cars are a little more expensive because they're newer, but you get the Gen 2 Coyote engine with 435 hp. The IRS suspension is a massive upgrade in performance, and it's also great for the track. With a few well-chosen mods, you can add even more power to an S550. These cars are usually available in the high teens, but you can find them as cheap as $16,000 to $17,000.

Black 2015 Mustang GT

3. 1996-1998 Mustang Cobra

Number three on my list is the 1996-1998 Mustang Cobra. These cars are nowhere near as fast as the Coyotes, but they still have a 4.6-liter V8 engine with a T45 five-speed transmission. These Mustangs are leaner and lighter than their modern counterparts, which makes them a lot more fun to drive. And again, it's a Mustang Cobra, so there's the cool factor of owning one.

You can find a '96-'98 Mustang Cobra in the $5,000 to $6,000 range, which is cheaper than getting a supercharger for your Coyote. They're excellent bang-for-the-buck streetcars that can be a really enjoyable project.

Bill's red 1996 Mustang Cobra

2. 1967-1970 Mustang Coupe

The 1967-1970 Mustang Coupe is the second on my list. Regarding vintage cars, the classic Mustang Coupe gives you a lot for your money. While Mustang convertibles are expensive, the coupes can still be bought at $6,000 to $7,000.

As far as performance goes, the engines from that era aren't as strong compared to today's standards. However, the V8 Mustangs are affordable and easy to upgrade. Also, you get that sweet vintage style and the joy of driving a classic car. It's a great way to get your foot into the classic car market and a good value for your money.

1. 2011-2014 Mustang GT

The 2011-2014 Mustang GT is my top pick for a number of reasons. It marks the debut of the Coyote engine, which knocked out an impressive 412 horsepower in its early years (later model years saw that figure upped to 420hp).

You can find a Mustang GT from 2011-2014 for around $13,000 to $14,000, which is an amazing price for such a good looking car. A lot of these Mustangs come with modifications already done to them, saving you money you might have spent in the future. These cars have great stock performance and can be modified easily to enhance performance even more. All these reasons make the 2011-2014 Mustang GT the best value.

2013 Mustang GT with a white exterior

Make Any Mustang Your Own

Any of the Mustangs on this list will make a great project car. But no matter what Mustang you pick up, you can always customize its looks or improve its performance with aftermarket upgrades. Don't forget to check out CJs for all the modifications and accessories you need to make your Mustang just how you want it.

This article was researched, written, edited, and reviewed following the steps outlined in our editorial process. Learn more about CJ's editorial standards and guidelines.