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2004 Ford Mustang Review: Just Buy a 2005 Mustang, Instead

Rating: 4.41
Based on 112 Owner Reviews â–¶
Simon A | March 31, 2025
The 2004 Ford Mustang is part of the fourth generation (SN-95, 1994-2004), a generation that brought significant styling updates. Available as a coupe or convertible, its key trims include the base model, GT, and Mach 1. New, the price ranged approximately from $18,000 to $29,000, depending on the trim and options. Its enduring popularity stems from its iconic design, powerful engine options, and accessible performance for its class.
The Good

The 2004 Mustang offers a blend of classic styling and modern performance. It provides relatively good reliability for its age and class, especially the V6 models. Performance appeals to enthusiasts, while its affordability and comfortable ride attract practical buyers. The iconic design stirs emotional connection, making it a desirable choice for many.

The Bad

Common weaknesses of the 2004 Mustang include interior plastic quality, potential for rust (especially in areas with road salt), and some electrical issues. The automatic transmissions can be prone to problems at higher mileage. Suspension components may also require attention due to age and wear.

2004 Ford Mustang: Quick Overview

Key Specs for the 2004 Ford Mustang:

  • Engine Options:
    • 3.8L V6: Standard on base models.
    • 4.6L V8: Standard on GT models, and the Mach 1 had a higher output version of the 4.6L.

  • Horsepower:
    • 3.8L V6: 193 hp.
    • 4.6L V8 (GT): 260 hp.
    • 4.6L V8 (Mach 1): 305 hp.

  • Fuel Economy:
    • 3.8L V6: Approximately 18 mpg city / 26 mpg highway.
    • 4.6L V8 (GT): Approximately 16 mpg city / 23 mpg highway.

  • 0–60 Times:
    • 3.8L V6: Around 7.5-8.0 seconds.
    • 4.6L V8 (GT): Around 5.5-6.0 seconds.
    • 4.6L V8 (Mach 1): Around 5.2-5.5 seconds.

  • Towing Capacity: Not officially rated for towing.

  • Trim-Level Features:
    • Base: Air conditioning, basic audio system, cloth seats, 16-inch wheels.
    • GT: V8 engine, upgraded suspension, fog lights, rear spoiler, 17-inch wheels.
    • Mach 1: Ram air hood, unique styling elements, upgraded suspension, leather seats, performance exhaust.

2004 Ford Mustang Specifications

Vehicle Information
Year 2004
Make Ford
Model Mustang
Trim -
Style Coupe Rear-Wheel Drive
Type Coupe
Category Subcompact Car
Manufacturing Details
Made In United States
Manufacturing City DEARBORN
Dimensions
Doors 2-Door
Curb Weight 1492.32 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 3.9-L V-6
Engine Size 3.9L
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) $26,010 USD
Invoice Price $23,779 USD
Delivery Charges $625 USD

Vehicle History Report

Vehicle
Specifications
Ownership
History
All History
Events
NMVTIS Title
History Check
Salvage/Rebuilt
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Accident
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Theft
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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 2004 Ford Mustang Have?

Frequently reported problems for the 2004 Ford Mustang often revolve around its age and the wear and tear associated with it. Rust, particularly in areas exposed to road salt, is a common concern. Electrical issues, such as problems with the instrument cluster, power windows, and door locks, are also reported. The automatic transmissions, especially in the GT models, can experience slipping or failure at higher mileages.
Recalls have been issued for issues ranging from faulty fuel tank straps (leading to potential fuel leaks) to problems with the cruise control system. Long-term reliability concerns also include the degradation of suspension components, such as ball joints and control arm bushings. The plastic interior parts are prone to cracking and fading over time.
While the 2004 model year isn't specifically known for significantly different issues than other years in the SN-95 generation, preventative maintenance and addressing minor issues promptly are crucial for long-term reliability. Owners should pay close attention to fluid leaks, unusual noises, and any warning lights on the dashboard.

How long will the 2004 Ford Mustang last?

A well-maintained 2004 Ford Mustang can easily reach 200,000 miles or more. Many owners report 15-20 years of service with proper care. Long-term durability depends heavily on consistent maintenance, including regular oil changes, fluid checks, and timely replacement of wear items like brakes and tires.
Weaknesses that emerge over time include rust, especially in colder climates, and the gradual deterioration of rubber components, such as hoses and weather stripping. Interior plastics can become brittle and crack with age and sun exposure. Addressing these issues proactively extends the vehicle's lifespan.
Positive Owner Reviews
John S.
I bought this car used a few years ago, and it's been a blast. It's not the fastest thing on the road, but it's definitely fun to drive. The interior is a bit dated, but it's comfortable enough. Overall, a great value for the money.
David L.
This Mustang has the classic muscle car look and feel. It's a head-turner, and the engine sounds great. The interior is simple but functional. I love driving this car on weekends.
Michael P.
For the price, you can't beat this Mustang. It's a fun sports car with a decent amount of power. It's not perfect, but it's a great car for the money. I have enjoyed it immensely.
Negative Owner Reviews
Sarah M.
The Mustang has been a reliable car for me. I haven't had any major issues. However, the gas mileage isn't great, and the handling could be improved. It's a decent car, but nothing special.
Emily R.
I bought this car thinking it would be a fun daily driver, but it's not very practical. The back seats are small, and the trunk space is limited. It's a nice car, but not ideal for everyday use.
Jessica B.
I've had some issues with the car's reliability. I've had to replace the alternator and the water pump. It's an okay car, but I wouldn't buy another one.

What Technology & Safety Features are Included?

The 2004 Ford Mustang's built-in tech and entertainment features were fairly basic by today's standards. Standard features typically included an AM/FM radio with a CD player. Optional upgrades could include a Mach audio system with more speakers and power. Driver-assistance features were limited to standard features like power steering and anti-lock brakes (ABS) on some trims.
Safety features included dual front airbags. Side airbags were not a common feature at this time for this model.
Crash test ratings from the NHTSA (National Highway Traffic Safety Administration) generally show acceptable performance for frontal impacts. However, side impact protection was not as strong, reflecting the safety standards of the time. Euro NCAP ratings are not available as this model was not sold in Europe.
Overall, the 2004 Mustang lacks the advanced technology and safety features found in modern vehicles. Its focus was more on providing an engaging driving experience at an affordable price. Features like traction control were available optionally, but it was not standard across all trims. Electronic Stability Control was not available.

What Colors Options are Available?

Exterior Colors
Black
Dark Shadow Gray Metallic
Torch Red
Oxford White
Mineral Gray Metallic
Azure Blue Metallic
Competition Orange
Redfire Metallic
Satin Silver Clearcoat Metallic
Interior Colors
Graphite
Dark Charcoal
Medium Parchment

2004 Ford Mustang Prices and Market Value

When new, the 2004 Ford Mustang ranged from approximately $18,000 for a base model to around $29,000 for a fully equipped Mach 1. Today, used market prices vary greatly based on condition, mileage, and trim. Expect to find base models in fair condition for around $3,000-$5,000, while well-maintained GT and Mach 1 models can fetch $7,000-$12,000 or more.
Depreciation has been significant, but the Mustang's iconic status helps it retain some value. Factors affecting resale include the car's condition, mileage, service history, and whether it's a desirable trim like the GT or Mach 1. Convertibles tend to hold their value slightly better than coupes.

2004 Ford Mustang Cost of Ownership

Insurance costs for a 2004 Ford Mustang are generally moderate, but can be higher for younger drivers or those with a poor driving record, especially for the GT and Mach 1 trims. Fuel costs depend on the engine; the V6 is relatively economical, while the V8s consume more fuel. Maintenance and repair costs can be moderate to high, depending on the car's condition and the availability of parts. Overall, it's not the most economical vehicle to own, but it's not excessively costly either, provided maintenance is kept up.

2004 Ford Mustang Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity 45.42 liters
City Mileage 5.87 km/l
Highway Mileage 4.17 km/l

2004 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
Side Impact Test Results Not Tested

2004 Ford Mustang Recalls & Defects

Vehicle Speed Control:accelerator Pedal
Recall date 2006-04-07
Recall no. 06v108000
Source NHTSA
Summary ON Certain Mustang Cobra Passenger Vehicles, THE Rear Surface OF THE Accelerator Pedal MAY Come Into Contact With Floor Carpeting During Heavy Throttle Application. THE Unique Surface Profile OF THE Accelerator Pedal MAY Catch IN THE Cutout ON THE Floor Carpeting Behind THE Accelerator Pedal.
Consequence This Could Interfere With THE Pedal's Ability TO Return TO AN Idle Position. Unexpected, Continued Throttle Application And/Or Increased Stopping Distances MAY Occur Which Could Result IN A Crash.
Remedy Dealers Will Install A Shield Over THE Cutout IN THE Carpet Behind THE Accelerator Pedal. THE Recall Began ON April 26, 2006. Owners MAY Contact Ford AT 1-800-392-3673.
Notes Ford Recall NO. 06s43.customers 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 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> .

2004 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

2004 Ford Mustang Insurance

Insurance for a 2004 Ford Mustang is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.

How Does the 2004 Ford Mustang Compare to Other Coupe?

The 2004 Ford Mustang's key rivals included the Chevrolet Camaro and Pontiac Firebird (until 2002), Mitsubishi Eclipse, and some Japanese sports coupes. Compared to the Camaro/Firebird, the Mustang generally offered slightly better handling and a more refined interior, though the GM twins sometimes had more raw horsepower. The Eclipse offered a more modern design but lacked the Mustang's V8 power.
In terms of reliability, the Mustang is generally considered on par or slightly better than the Camaro/Firebird, though Japanese coupes often had better long-term reliability. The Mustang offered a good balance of performance, features, and price, making it a strong value proposition.
Alternatives to consider include:
  • Nissan 350Z: Offers better handling and a more modern interior, but lacks rear seats.
  • Acura Integra Type R (if looking for a smaller, sportier car): Excellent handling and reliability, but less power than the Mustang GT.
  • Later Model Mustangs (2005+): For a more modern take on the classic formula.

Ranks #154 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★)
154 2004 Ford Mustang (5.0★)

Final Verdict: Is the 2004 Ford Mustang a Good Coupe?

The 2004 Ford Mustang is ideal for someone seeking an affordable, stylish, and fun-to-drive car with iconic appeal. It's worth buying as a used vehicle if you find one in good condition with a well-documented service history.
The GT and Mach 1 trims are desirable for their increased performance, but the base V6 model can still be enjoyable for daily driving. Have a mechanic inspect any potential purchase, paying close attention to rust, transmission health, and electrical components. It's a good choice for enthusiasts on a budget or those who appreciate classic American muscle car styling.

2004 Ford Mustang Owner Reviews

4.41
Overall rating
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John S. on March 18, 2025

A Fun, Affordable Ride

I bought this car used a few years ago, and it's been a blast. It's not the fastest thing on the road, but it's definitely fun to drive. The interior is a bit dated, but it's comfortable enough. Overall, a great value for the money.

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Sarah M. on March 18, 2025

Reliable but Could Be Better

The Mustang has been a reliable car for me. I haven't had any major issues. However, the gas mileage isn't great, and the handling could be improved. It's a decent car, but nothing special.

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David L. on March 18, 2025

Classic Muscle Car Feel

This Mustang has the classic muscle car look and feel. It's a head-turner, and the engine sounds great. The interior is simple but functional. I love driving this car on weekends.

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Emily R. on March 18, 2025

Not as Practical as I Hoped

I bought this car thinking it would be a fun daily driver, but it's not very practical. The back seats are small, and the trunk space is limited. It's a nice car, but not ideal for everyday use.

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Michael P. on March 18, 2025

Great Value for a Sports Car

For the price, you can't beat this Mustang. It's a fun sports car with a decent amount of power. It's not perfect, but it's a great car for the money. I have enjoyed it immensely.

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Jessica B. on March 18, 2025

Some Issues with Reliability

I've had some issues with the car's reliability. I've had to replace the alternator and the water pump. It's an okay car, but I wouldn't buy another one.

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Robert K. on March 18, 2025

A Solid Car Overall

This Mustang has been a solid car for me. It's reliable and fun to drive. The interior is a bit dated, but it's comfortable. I would recommend this car to others.

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Ashley T. on March 18, 2025

Not Impressed with the Fuel Economy

The fuel economy on this car is terrible. I'm constantly at the gas station. Otherwise, it's an okay car, but the gas mileage is a major drawback.

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Christopher W. on March 18, 2025

Great Handling and Performance

I love the handling and performance of this Mustang. It's a joy to drive on twisty roads. The engine is powerful and responsive. I'm very happy with my purchase.

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Stephanie G. on March 18, 2025

Too Many Minor Issues

I've had too many minor issues with this car. The door handles are flimsy, and the interior trim is cheap. It's an okay car, but I wouldn't buy another one.

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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.