The 1998 Ford Mustang is part of the fourth generation (1994-2004) of this iconic American pony car. Available as a coupe or convertible, it offered a blend of affordability and performance. Key trims included the base model, the GT, and the SVT Cobra. Pricing ranged from around $16,000 to $26,000 when new. Its accessibility and sporty image solidified its popularity, maintaining the Mustang's heritage.
The Good
The 1998 Mustang offers a compelling blend of performance and affordability. Its V8 engine provides satisfying power. Practical buyers appreciate its relatively simple mechanics and lower price point compared to newer sports cars. Emotionally, it represents classic American muscle, offering a thrilling driving experience and iconic design.
The Bad
Known weaknesses of the 1998 Mustang include potential for rust, particularly in areas with harsh winters. The interior materials can feel dated and cheap compared to modern cars. Some owners report issues with the cooling system and rear axle. The 4.6L V8 can also have issues with spark plugs.
1998 Ford Mustang: Quick Overview
- Engine Options:
- 3.8L V6: Standard engine
- 4.6L V8 (GT): Optional, more powerful engine
- Horsepower:
- 3.8L V6: Approximately 150 hp
- 4.6L V8 (GT): Approximately 225 hp
- 4.6L V8 (SVT Cobra): Approximately 305 hp
- Fuel Economy: (Estimates vary based on driving conditions)
- 3.8L V6: Around 19 mpg city / 28 mpg highway
- 4.6L V8 (GT): Around 17 mpg city / 25 mpg highway
- 0-60 Times:
- 3.8L V6: Approximately 8-9 seconds
- 4.6L V8 (GT): Approximately 6-7 seconds
- Towing Capacity: The 1998 Ford Mustang is not recommended for towing.
- Trim Level Features:
- Base: Standard features include cloth upholstery, air conditioning, and basic stereo system.
- GT: Upgrades include the 4.6L V8 engine, sportier suspension, rear spoiler, and upgraded interior trim.
- SVT Cobra: High-performance version with a more powerful engine, upgraded suspension, unique styling, and enhanced interior features.
- Convertible: Available for all trims, featuring a power-operated convertible top.
1998 Ford Mustang Specifications
Vehicle Information
| Year | 1998 |
| Make | Ford |
| Model | Mustang |
| Trim | - |
| Style | Coupe |
| Type | Coupe |
| Category | Subcompact Car |
Manufacturing Details
| Made In | United States |
| Manufacturing City | DEARBORN |
Dimensions
| Doors | 2-Door |
| Curb Weight | 3400 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 53.40 inches |
| Overall Length | 181.50 inches |
| Overall Width | 71.80 inches |
| Wheelbase Length | 101.30 inches |
| Standard Seating | 4 |
Engine & Performance
| Engine | 3.8-L V-6 OHV 12V |
| Engine Size | 3.8L |
| Engine Cylinders | 6 |
| Transmission | 5-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | Non-ABS 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $20,650 |
| Invoice Price | $18,824 |
| Delivery Charges | - |
Vehicle History Report
Vehicle
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Past Sale
Listings
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Market Price
Analysis
Analysis
What Problems Does the 1998 Ford Mustang Have?
Frequently reported problems for the 1998 Ford Mustang include issues with the cooling system, such as radiator leaks and thermostat failures. The 4.6L V8 engine in the GT model can sometimes experience spark plug issues, specifically with the spark plugs stripping the threads in the cylinder heads, leading to costly repairs. Owners have also reported problems with the rear axle, including excessive noise or failure. Rust is a common concern, especially in areas with salted roads, affecting the undercarriage and body panels. The interior plastic trim is prone to cracking and fading. Recalls for the 1998 Mustang were issued for various safety-related defects, including issues with the fuel system and airbags; it is important to check the VIN against recall databases. Long-term reliability concerns center around the durability of the engine and transmission, especially if not properly maintained. Electrical issues, such as failing sensors and malfunctioning power windows, can also occur as the car ages. Regular maintenance and careful inspection are essential to address these potential problems.
How long will the 1998 Ford Mustang last?
With proper maintenance, a 1998 Ford Mustang can easily reach 200,000 miles or more. Many owners report driving their Mustangs for 20+ years. Key to longevity is consistent oil changes, cooling system maintenance, and addressing any rust promptly. The 4.6L V8 is generally durable, but the spark plug thread issue needs attention. Weaknesses over time include suspension components wearing out, interior trim degradation, and potential for electrical gremlins. Regular servicing of fluids, belts, and hoses is vital for long-term reliability.
Positive Owner Reviews
Sarah M.
Bought this car as my first. It's stylish and affordable. The engine is surprisingly peppy. I do wish it had better safety features, though.
Robert P.
Classic Mustang styling that still looks good today. Mine is the V6 model, so it's not a powerhouse, but it's still fun for cruising. I've had a few minor repairs over the years, but nothing major.
David L.
Finding a well-maintained '98 Mustang is key. Mine has been mostly trouble-free, and it's a blast to drive, especially with the top down. Check for rust and previous accidents before buying.
Negative Owner Reviews
John S.
I've owned my '98 Mustang for over 15 years. It's been a dependable car, but regular maintenance is a must. The interior is a bit dated, and the gas mileage isn't great, but it's still fun to drive.
Emily K.
I bought this Mustang used a few years ago. It's been a good commuter car, but it's starting to show its age. The ride can be a bit rough, and the interior is pretty basic.
Jessica W.
While I love the look of my Mustang, it's not the most practical car. The back seats are small, and the trunk space is limited. It's more of a weekend car than a daily driver.
What Technology & Safety Features are Included?
The 1998 Ford Mustang's built-in tech and entertainment features are fairly basic by modern standards. Standard features typically included an AM/FM radio with a cassette player. CD players were often available as optional upgrades. Driver-assistance features were limited to power steering and anti-lock brakes (ABS) which were optional.
Safety features included dual front airbags. Side airbags were not available. Crash-test ratings from the NHTSA (National Highway Traffic Safety Administration) generally showed average performance for frontal impacts, but marginal performance for side impacts. Optional features included cruise control, power windows and locks, and a premium sound system. Compared to contemporary vehicles, the 1998 Mustang lacked advanced technologies such as traction control, stability control, or sophisticated infotainment systems. However, it provided the essential features for comfortable and safe driving for its time. The focus was more on driving experience than cutting-edge technology. Upgrading the stereo system is a common modification among owners seeking enhanced entertainment options.
Safety features included dual front airbags. Side airbags were not available. Crash-test ratings from the NHTSA (National Highway Traffic Safety Administration) generally showed average performance for frontal impacts, but marginal performance for side impacts. Optional features included cruise control, power windows and locks, and a premium sound system. Compared to contemporary vehicles, the 1998 Mustang lacked advanced technologies such as traction control, stability control, or sophisticated infotainment systems. However, it provided the essential features for comfortable and safe driving for its time. The focus was more on driving experience than cutting-edge technology. Upgrading the stereo system is a common modification among owners seeking enhanced entertainment options.
What Colors Options are Available?
Exterior Colors
Rio Red Clearcoat
Crystal White Clearcoat
Black Clearcoat
Atlantic Blue Clearcoat Metallic
Chrome Yellow Clearcoat
Deep Forest Green Clearcoat Metallic
Laser Red Tinted Clearcoat
Interior Colors
Bright Saddle
Medium Graphite
1998 Ford Mustang Prices and Market Value
When new, the 1998 Ford Mustang ranged from approximately $16,000 for the base model to around $26,000 for the SVT Cobra. Current used market prices vary greatly, from around $2,000 to $10,000 or more, depending on condition, mileage, and trim. Low mileage examples and well-maintained Cobras command higher prices. The Mustang has depreciated significantly over time, but its iconic status helps maintain some resale value. Factors affecting resale include overall condition, documented maintenance history, and the presence of desirable options. Rust-free examples are particularly sought after.
1998 Ford Mustang Cost of Ownership
Insurance costs for a 1998 Ford Mustang are generally moderate, especially for the V6 model. Fuel costs depend on the engine; the V6 is reasonably efficient, while the V8 can be thirsty. Maintenance is generally affordable, with readily available parts. However, specific repairs on the 4.6L V8, like spark plug thread repair, can be costly. Long-term ownership costs depend on the vehicle's condition and maintenance habits. Overall, it's moderately economical to own if well-maintained, but potential repairs should be considered.
1998 Ford Mustang Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
15.70 gallons
City Mileage
19 miles/gallon
Highway Mileage
28 miles/gallon
1998 Ford Mustang Safety Rating
NHTSA
IIHS
1998 Ford Mustang Warranty
Basic
Original warranty
0 months / No data
Estimated remaining
Expired
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
0 months / No data
Estimated remaining
Expired
1998 Ford Mustang Insurance
Insurance for a 1998 Ford Mustang is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1998 Ford Mustang Compare to Other Coupe?
The 1998 Ford Mustang's key rivals included the Chevrolet Camaro and Pontiac Firebird. In terms of performance, the Mustang GT with the 4.6L V8 offered similar acceleration to the Camaro and Firebird V6 models. The SVT Cobra provided a performance edge. Feature-wise, all three cars were relatively basic. Reliability was comparable across the board, with similar issues reported for each. Price-wise, the Mustang was generally competitive.
Alternatives to the 1998 Mustang include the Acura Integra GS-R for a more refined driving experience or the Mazda MX-5 Miata for pure sports car fun. The Mustang offered a classic American muscle car experience at an affordable price, while the Camaro and Firebird provided similar thrills. If you are looking for a more refined and reliable sports car, the Acura Integra GS-R would be a better option. The Mazda MX-5 Miata offered better handling and driving dynamics, but lacked the raw power of the Mustang. If power and that classic muscle car feel are paramount, the Mustang remains a solid choice.
Alternatives to the 1998 Mustang include the Acura Integra GS-R for a more refined driving experience or the Mazda MX-5 Miata for pure sports car fun. The Mustang offered a classic American muscle car experience at an affordable price, while the Camaro and Firebird provided similar thrills. If you are looking for a more refined and reliable sports car, the Acura Integra GS-R would be a better option. The Mazda MX-5 Miata offered better handling and driving dynamics, but lacked the raw power of the Mustang. If power and that classic muscle car feel are paramount, the Mustang remains a solid choice.
Ranks #162 Coupe
| 1 | 2023 Toyota GR Supra | (0.0★) |
| 2 | 2023 Lexus RC F | (0.0★) |
| 3 | 2011 Honda CR-Z | (5.0★) |
| 4 | 2023 Subaru BRZ | (5.0★) |
| 5 | 2011 Mazda RX-8 | (4.0★) |
| 6 | 2024 BMW 4 Series | (0.0★) |
| 7 | 2022 Mercedes-Benz C-Class | (5.0★) |
| 8 | 2014 Ford Mustang | (5.0★) |
| 9 | 2023 Audi A5 Cabriolet | (0.0★) |
| 10 | 2023 Nissan GT-R | (0.0★) |
| 11 | 2015 Hyundai Veloster | (0.0★) |
| 12 | 2008 Chevrolet Corvette | (5.0★) |
| 162 | 1998 Ford Mustang | (5.0★) |
Final Verdict: Is the 1998 Ford Mustang a Good Coupe?
The 1998 Ford Mustang is ideal for those seeking an affordable and classic American muscle car experience. It's worth buying as a used vehicle for enthusiasts who enjoy a relatively simple and engaging driving experience. Look for well-maintained examples with documented service history, particularly those that have addressed common issues like cooling system problems and spark plug threads. The GT trim offers the best balance of performance and value. Avoid neglected examples with rust or signs of abuse. This car is a fun weekend cruiser or project car for those willing to invest some time and effort.
John S. on March 18, 2025
Reliable but Showing Its AgeI've owned my '98 Mustang for over 15 years. It's been a dependable car, but regular maintenance is a must. The interior is a bit dated, and the gas mileage isn't great, but it's still fun to drive.
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Sarah M. on March 18, 2025
Great First Car!Bought this car as my first. It's stylish and affordable. The engine is surprisingly peppy. I do wish it had better safety features, though.
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Robert P. on March 18, 2025
Still Turns HeadsClassic Mustang styling that still looks good today. Mine is the V6 model, so it's not a powerhouse, but it's still fun for cruising. I've had a few minor repairs over the years, but nothing major.
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Emily K. on March 18, 2025
Decent Car for the PriceI bought this Mustang used a few years ago. It's been a good commuter car, but it's starting to show its age. The ride can be a bit rough, and the interior is pretty basic.
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David L. on March 18, 2025
Worth the Money if You Find a Good OneFinding a well-maintained '98 Mustang is key. Mine has been mostly trouble-free, and it's a blast to drive, especially with the top down. Check for rust and previous accidents before buying.
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Jessica W. on March 18, 2025
Not the Most Practical CarWhile I love the look of my Mustang, it's not the most practical car. The back seats are small, and the trunk space is limited. It's more of a weekend car than a daily driver.
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Michael B. on March 18, 2025
Fun Car for a Young DriverI purchased the 1998 mustang as a fun project car. I am happy to say that I am satisfied with the engine performance and overall structure.
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Ashley C. on March 18, 2025
The sound is fantastic.The 1998 Mustang's exhaust note is music to my ears. I have nothing else to say. I would buy it again.
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Kevin D. on March 18, 2025
Decent performance but poor reliability.It is fun to drive but very unreliable with frequent repairs. If you are looking for a reliable and cost-effective car, stay away from this car.
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Samantha G. on March 18, 2025
My dream car!I saved up for years to get my '98 Mustang. It's exactly what I wanted. The style is iconic, and the drive is exhilarating.
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Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.