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2002 Ford Mustang Overview, Reviews, Ratings & Specs

Rating: 4.45
Based on 81 Owner Reviews â–¶
Simon A | March 31, 2025
The 2002 Ford Mustang continued the fourth generation of this iconic American pony car. Available as a coupe or convertible, it offered a blend of classic styling and modern performance. Key trims included the base model, the GT, and the SVT Cobra (though the Cobra skipped the 2002 model year). New, the Mustang ranged from around $17,000 to $25,000+. Its affordability and accessible performance made it a popular choice for those seeking a sporty and stylish ride.
The Good

The 2002 Mustang offered a compelling blend of factors. Emotionally, its iconic design and available V8 power provided thrills. Practically, its relatively affordable price, decent reliability (especially with proper maintenance), and reasonable comfort made it an appealing choice for daily driving. The GT trim offered a significant performance upgrade, while even the base model provided a sporty experience.

The Bad

Weaknesses of the 2002 Mustang include its interior build quality, which can feel dated and plasticky. Some owners report issues with the automatic transmission, particularly in higher-mileage cars. The live rear axle, while providing a classic feel, is less sophisticated than independent rear suspension and can lead to less refined handling. Rust can also be a concern, especially in regions with harsh winters.

2002 Ford Mustang: Quick Overview

  • Engine Options:
    • 3.8L V6: Standard on base models
    • 4.6L V8: Standard on GT models
  • Horsepower:
    • 3.8L V6: Approximately 190 horsepower
    • 4.6L V8: Approximately 260 horsepower
  • Fuel Economy (estimated):
    • 3.8L V6: 19 mpg city / 28 mpg highway
    • 4.6L V8: 17 mpg city / 25 mpg highway
  • 0-60 Times (estimated):
    • 3.8L V6: 8-9 seconds
    • 4.6L V8: 6-7 seconds
  • Towing Capacity: Not recommended or officially rated for towing.
  • Trim Level Features:
    • Base: Air conditioning, AM/FM radio, cloth seats, power windows and locks.
    • GT: Includes V8 engine, upgraded suspension, rear spoiler, fog lights, and upgraded interior trim. Options include leather seats, premium sound systems, and performance packages.

2002 Ford Mustang Specifications

Vehicle Information
Year 2002
Make Ford
Model Mustang
Trim -
Style 2-Door Coupe
Type Coupe
Category Subcompact Car
Manufacturing Details
Made In United States
Manufacturing City FLAT ROCK
Dimensions
Doors 2-Door
Curb Weight 1503.66 kg
Gross Vehicle Weight Rating -
Overall Height 135.13 cm
Overall Length 465.33 cm
Overall Width 185.67 cm
Wheelbase Length 257.3 cm
Standard Seating 4
Engine & Performance
Engine 190 High Power 3.8-L V-6
Engine Size 3.8L
Engine Cylinders 6
Transmission Automatic
Transmission Type Automatic
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) $25,585 USD
Invoice Price $23,442 USD
Delivery Charges $625 USD

Vehicle History Report

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History
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Open Lien
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Past Sale
Listings
Safety
Recalls
Odometer
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Market Price
Analysis

What Problems Does the 2002 Ford Mustang Have?

Frequently reported problems for the 2002 Ford Mustang often revolve around the automatic transmission, particularly the 4R70W unit used with both the V6 and V8 engines. Slipping, rough shifting, and complete failure are sometimes reported, especially in higher-mileage vehicles. Another common issue is with the plastic intake manifold on the V8 engine, which can crack and leak coolant, leading to overheating.
Other concerns include issues with the fuel pump, particularly in the GT models, and problems with the window regulators. Rust is a significant concern, especially in areas where salt is used on roads during winter. Inspecting the undercarriage, rocker panels, and around the wheel wells is crucial.
Recalls for the 2002 Mustang were issued for various issues, including problems with the fuel tank and potential airbag malfunctions. It's important to check the vehicle's VIN with the National Highway Traffic Safety Administration (NHTSA) to ensure all applicable recalls have been addressed. Long-term reliability depends heavily on maintenance, but addressing these common issues proactively can help extend the life of the vehicle.

How long will the 2002 Ford Mustang last?

Given proper maintenance, a 2002 Ford Mustang can easily reach 200,000 miles or more, providing 15-20 years of service. Average mileage varies greatly, but many well-maintained examples can still be found with relatively low mileage. Long-term durability hinges on addressing potential weaknesses like transmission issues and intake manifold failures. Regular oil changes, cooling system flushes, and inspections of rubber components are crucial. The interior plastics may show their age over time, with cracking and fading being common, and the seats might require reupholstering depending on usage. Rust prevention is also key to extending its lifespan.
Positive Owner Reviews
John S.
Bought this Mustang as a project car. It's got some quirks, but it's a blast to drive. Parts are readily available and relatively inexpensive, which is a plus.
Emily R.
I've owned my Mustang for 5 years now and it's been incredibly reliable. Regular maintenance is key, but it hasn't given me any major issues. Comfortable for everyday driving.
Sarah M.
This was my first car and I loved it! It was affordable, easy to maintain, and looked great. Perfect for a young driver.
Negative Owner Reviews
David L.
It's an older car, so expect some wear and tear. The interior is a bit dated and the gas mileage isn't great. Still, it's a Mustang and turns heads.
Michael B.
Had some issues with the transmission and the brakes. Be sure to get a thorough inspection before buying one. Otherwise, it's a decent car.
Robert K.
It's a sports car, so don't expect a lot of cargo space or a comfortable ride for passengers in the back. But it's fun to drive!

What Technology & Safety Features are Included?

The 2002 Ford Mustang's technology is fairly basic by today's standards. Built-in tech mostly consists of a standard AM/FM radio with optional cassette or CD player. Power windows, locks, and mirrors were common. There are no advanced driver-assistance systems like lane departure warning or automatic emergency braking.
Safety features included standard dual front airbags and anti-lock brakes (ABS) were optional. Side airbags were not available. Security systems varied.
Optional features included a Mach 460 sound system with amplified speakers and subwoofers, leather seats, cruise control, and remote keyless entry.
Crash-test ratings from the NHTSA vary but generally show a 4-star rating for frontal driver impact and a 5-star rating for frontal passenger impact. Side impact ratings are lower. These ratings are reflective of the safety standards of the early 2000s and are not comparable to modern vehicles. Overall, the 2002 Mustang prioritized affordability and performance over cutting-edge technology and advanced safety features.

What Colors Options are Available?

Exterior Colors
Black
Oxford White
Laser Red Tinted Clearcoat
Bright Atlantic Blue Metallic
Mineral Gray Metallic
Silver Metallic
Performance Red
True Blue Metallic
Dark Shadow Gray Metallic
Interior Colors
Medium Graphite
Dark Charcoal
Parchement

2002 Ford Mustang Prices and Market Value

When new, the 2002 Ford Mustang had an MSRP ranging from around $17,000 for the base model to over $25,000 for a well-equipped GT convertible. On the used market, prices now range from $3,000 to $10,000+, depending on condition, mileage, and trim level. GT models and convertibles command higher prices.
Depreciation has been significant, but Mustangs tend to hold their value relatively well compared to other cars, especially those in good condition. Factors affecting resale value include overall condition, mileage, trim level (GT models are more desirable), and any performance modifications or upgrades. A clean title and comprehensive maintenance records will also increase its value.

2002 Ford Mustang Cost of Ownership

Insurance costs for a 2002 Ford Mustang are typically moderate, but may be higher for younger drivers or GT models. Fuel costs depend on driving habits and engine choice, with the V6 being more economical. Maintenance and repair costs can be reasonable, especially if you perform some work yourself. However, potential issues like transmission problems and intake manifold failures can lead to more significant expenses. Overall, the 2002 Mustang is neither the most economical nor the most costly car to own; it falls somewhere in the middle, leaning towards affordable if properly maintained.

2002 Ford Mustang Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity 59.43 liters
City Mileage 8.08 km/l
Highway Mileage 11.48 km/l

2002 Ford Mustang Safety Rating

NHTSA
Side Driver Rating
Frontal Passenger Rating
Rollover Rating
Side Rear Passenger Rating
Frontal Driver Rating
IIHS
Moderate Overlap Front Test Results Not Tested

2002 Ford Mustang Recalls & Defects

Exterior Lighting
Recall date 2006-07-17
Recall no. 06e064000
Source NHTSA
Summary Certain Tradesonic Combination Lamps Sold AS Replacement Lamps FOR USE ON THE Above Listed Passenger Vehicles. Combination Lamps NOT Equipped With Amber Side Reflectors Fail TO Conform With THE Requirements OF Federal Motor Vehicle Safety Standard NO. 108, Lamps, Reflective Devices, and Associated Equipment.
Consequence Lack OF Amber Side Reflectors IN THE Lamps Will Decrease Lighting Visibility TO Other Drivers and MAY Possibly Result IN A Vehicle Crash.
Remedy Tradesonic Will Notify Owners and Replace THE Lamps Free OF Charge. THE Recall IS Expected TO Begin During July 2006. Owners MAY Contact Tradesonic AT 626-934-8884.
Notes This Recall Only Pertains TO Tradesonic Aftermarket Lamps and HAS NO Relation TO ANY Original Equipment Installed ON THE Listed Passenger Vehicles.for More Information ON THE Lamp Model Numbers, Click ON Document Search and View Document Titled "lamp Model Numbers."customers MAY Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty: 1-800-424-9153); or GO TO Http://Www.safercar.gov.
Fuel System, Gasoline
Recall date 2006-06-13
Recall no. 06e056000
Source NHTSA
Summary Certain Aftermarket Fuel Filters Sold Under THE Purolator Brand Name, P/N F65277, Shipped From January 16 Through June 2, 2006, FOR USE ON THE Above Listed Passenger Vehicles. DUE TO Incorrect Design, THE Quick Connectors MAY NOT Fully Seat With THE Tube Interface, Even Though THE Person Making THE Connection MAY Believe That THE Quick Connector IS Fully Attached.
Consequence Failure OF This Connection Could Lead TO Fuel Spillage And, IN THE Presence OF AN Ignition Source, A Fire Could Occur.
Remedy UFI Will Notify Owners and Replace THE Filters Free OF Charge. THE Recall Began ON August 4, 2006. Owners MAY Contact UFI Filters USA AT 800-230-5876.
Notes This Recall Only Pertains TO UFI Filters USA (Purolator) Aftermarket Fuel Filters and HAS NO Relation TO ANY Original Equipment Installed ON THE Listed Passenger Vehicles.customers MAY Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty: 1-800-424-9153); or GO TO Http://Www.safercar.gov.
Exterior Lighting
Recall date 2006-05-24
Recall no. 06e049000
Source NHTSA
Summary Certain CK Motorsports Combination Headlights, Clear Corner, Bumper, and Side Marker Lights Sold AS Replacement Lamps FOR USE ON THE Passenger Vehicles Listed Above. Some Combination Lamps That ARE NOT Equipped With Amber Side Reflectors Fail TO Conform TO Federal Motor Vehicle Safety Standard NO. 108, Lamps, Reflective Devices, and Associated Equipment.
Consequence Without THE Amber Reflectors, THE Vehicle Will BE Poorly Illuminated, Possibly Resulting IN A Vehicle Crash Without Warning.
Remedy CK Motorsport Will Notify Owners and Replace THE Noncompliant Lamps Free OF Charge. THE Recall Began ON July 1, 2006. Owners MAY Contact CK Motorsport AT 1-909-610-7211.
Notes This Recall Only Pertains TO Aftermarket Replacement Equipment and HAS NO Relation TO ANY Original Equipment Installed ON Vehicles Manufactured BY THE Vehicle Manufacturers.for More Information ON THE Lamp Model Numbers, Click ON Document Search and View Document Titled "lamp Model Numbers."customers MAY Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty: 1-800-424-9153); or GO TO Http://Www.safercar.gov.
Exterior Lighting:headlights
Recall date 2008-08-11
Recall no. 08e050000
Source NHTSA
Summary K2 Motor IS Recalling 1,921 Aftermarket Headlamps OF Various Models Sold FOR USE ON THE Above Listed Vehicles. These Headlamps ARE Missing THE Amber Side Reflex Reflector Which Fails TO Conform With THE Requirements OF Federal Motor Vehicle Safety Standard NO. 108, "lamps, Reflective Devices, and Associated Equipment."
Consequence Without THE Amber Side Reflex Reflectors, THE Lighting Visibility MAY BE Affected, Possibly Resulting IN A Vehicle Crash.
Remedy K2 Motor Will Notify Owners and Offer A Full Refund. THE Recall Began ON Decemeber 17, 2008. Owners MAY Contact K2 Motor AT 1-909-839-2992.
Notes This Recall Only Pertains TO Aftermarket Replacement Equipment and HAS NO Relation TO ANY Original Equipment Installed ON Vehicles Manufactured BY Honda, Ford, or Chrysler Llc. Customers MAY Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty: 1-800-424-9153); or GO TO Http://Www.safercar.gov.
Exterior Lighting
Recall date 2009-04-07
Recall no. 09e012000
Source NHTSA
Summary Sabersport IS Recalling 16,270 Combination Corner and Bumper Lamp Assemblies OF Various Part Numbers Sold FOR USE AS Aftermarket Equipment FOR Various Passenger Vehicles. These Headlamps Fail TO Conform TO THE Requirements OF Federal Motor Vehicle Safety Standard NO. 108, "lamps, Reflective Devices, and Associated Equipment." These Lamps DO NOT Contain THE Required Amber Side Reflectors.
Consequence Decreased Lighting Visibility MAY Result IN A Vehicle Crash.
Remedy Sabersport Will Notify Owners and Offer A Full Refund FOR THE Noncompliant Combination Lamps. THE Safety Recall Began ON MAY 11, 2009. Owners MAY Contact Sabersport AT 1-909-598-7589.
Notes This Recall Only Pertains TO Aftermarket Replacement Equipment and HAS NO Relation TO ANY Original Equipment Installed ON Vehicles Produced BY THE Vehicle Manufacturer.in Order TO Determine IF Your Aftermarket Lamp Assembly IS Affected BY This Noncompliance, Please Review THE List OF Model Numbers Provided TO US BY Sabersport.the List CAN BE Found Under "document Search" Located AT THE Bottom OF Your Screen.owners MAY Also Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO <A Href=http://Www.safercar.gov>http://www.safercar.gov</a> .
Exterior Lighting:headlights
Recall date 2009-05-11
Recall no. 09e025000
Source NHTSA
Summary Dope, Inc. IS Recalling 42,540 Combination Corner and Bumper Lamp Assemblies OF Various Part Numbers Sold FOR USE AS Aftermarket Equipment FOR Various Passenger Vehicles. These Headlamps Fail TO Conform TO THE Requirements OF Federal Motor Vehicle Safety Standard NO. 108, "lamps, Reflective Devices, and Associated Equipment." These Lamps DO NOT Contain THE Required Amber Side Reflectors.
Consequence Decreased Lighting Visibility MAY Result IN A Vehicle Crash.
Remedy Dope, Inc. Will Notify Owners and Offer A Full Refund FOR THE Noncompliant Combination Lamps. THE Safety Recall Began ON July 28, 2009. Owners MAY Contact Dope, Inc. AT 1-626-272-1798.
Notes This Recall Only Pertains TO Aftermarket Replacement Equipment and HAS NO Relation TO ANY Original Equipment Installed ON Vehicles Produced BY THE Vehicle Manufacturer.in Order TO Determine IF Your Aftermarket Lamp Assembly IS Affected BY This Noncompliance, Please Review THE List OF Model Numbers Provided TO US BY Dope, Inc.the List CAN BE Found Under "document Search" Located AT THE Bottom OF Your Screen. Owners MAY Also Contact THE National Highway Traffic Safety Administration's Vehicle Safety Hotline AT 1-888-327-4236 (Tty 1-800-424-9153), or GO TO <A Href=http://Www.safercar.gov>http://www.safercar.gov</a> .

2002 Ford Mustang Warranty

Basic
Original warranty 36 months / 36,000 miles
Estimated remaining Expired
Powertrain
Original warranty 36 months / 36,000 miles
Estimated remaining Expired
Rust
Original warranty 60 months / unlimited miles
Estimated remaining Expired

2002 Ford Mustang Insurance

Insurance for a 2002 Ford Mustang is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.

How Does the 2002 Ford Mustang Compare to Other Coupe?

The 2002 Ford Mustang competed with vehicles like the Chevrolet Camaro, Pontiac Firebird (discontinued after 2002), and some Japanese sports coupes. In terms of performance, the Mustang GT offered comparable V8 power to the Camaro and Firebird. However, the Camaro/Firebird often offered slightly more horsepower. Features-wise, the Mustang was relatively basic, lacking some of the more advanced features found in some Japanese rivals. Reliability is generally considered similar across the American pony cars, with each having its own common issues. In terms of price, the Mustang was generally competitive, often slightly more affordable than the Camaro/Firebird.
If you're looking for similar alternatives, the Chevrolet Camaro or Pontiac Firebird (pre-2003) are direct competitors. A well-maintained Acura Integra GS-R or Honda Prelude could offer similar sporty handling and better fuel economy, albeit with less power. The Nissan 350Z (introduced in 2003) offers a more modern driving experience and better handling, but comes at a higher price point.
Ultimately, the Mustang's appeal lies in its iconic styling and readily available V8 power at an affordable price.

Ranks #158 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 (4.0★)
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★)
158 2002 Ford Mustang (5.0★)

Final Verdict: Is the 2002 Ford Mustang a Good Coupe?

The 2002 Ford Mustang is ideal for someone seeking an affordable and stylish pony car with readily available V8 power. It's a fun car for cruising and offers a nostalgic driving experience. Whether it's worth buying depends heavily on its condition and price. Opting for a GT model in good condition is generally recommended for the performance upgrade.
Buying used is the only option, as the vehicle is two decades old. A pre-purchase inspection by a trusted mechanic is crucial to identify potential issues like transmission problems or rust. If you're willing to address these potential problems and appreciate the classic Mustang experience, then it can be a worthwhile purchase.

2002 Ford Mustang Owner Reviews

4.45
Consumer Rating, Based on 81 Consumer Reviews
Overall rating
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John S. on March 18, 2025

Fun Car for the Price

Bought this Mustang as a project car. It's got some quirks, but it's a blast to drive. Parts are readily available and relatively inexpensive, which is a plus.

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Emily R. on March 18, 2025

Reliable Daily Driver

I've owned my Mustang for 5 years now and it's been incredibly reliable. Regular maintenance is key, but it hasn't given me any major issues. Comfortable for everyday driving.

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David L. on March 18, 2025

Starting to Show Its Age

It's an older car, so expect some wear and tear. The interior is a bit dated and the gas mileage isn't great. Still, it's a Mustang and turns heads.

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Sarah M. on March 18, 2025

Great First Car

This was my first car and I loved it! It was affordable, easy to maintain, and looked great. Perfect for a young driver.

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Michael B. on March 18, 2025

Some Mechanical Issues

Had some issues with the transmission and the brakes. Be sure to get a thorough inspection before buying one. Otherwise, it's a decent car.

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Jessica P. on March 18, 2025

Still a Head-Turner

Even though it's an older model, the 2002 Mustang still looks good. I get compliments on it all the time. It's a classic design.

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Robert K. on March 18, 2025

Not the Most Practical Car

It's a sports car, so don't expect a lot of cargo space or a comfortable ride for passengers in the back. But it's fun to drive!

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Ashley T. on March 18, 2025

Good Value for the Money

You can find these Mustangs for a reasonable price. They're a great way to get into a sports car without breaking the bank.

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Brian H. on March 18, 2025

Interior Could Be Better

The interior is pretty basic and the materials aren't the highest quality. But the engine is strong and the handling is good.

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Karen W. on March 18, 2025

Loved Driving It!

I owned one for several years and really enjoyed it. It's a fun and stylish car that's relatively easy to work on.

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Simon A

Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.