The 2006 Ford Mustang represents the second year of the fifth-generation (S197) which debuted in 2005, marking a triumphant return to its iconic retro-futuristic styling. Available as both a coupe and convertible, key trims included the V6 and the performance-oriented GT. With original MSRPs ranging from approximately $19,000 to $27,000, its blend of classic muscle car aesthetics, powerful V8 option, and relative affordability made it immensely popular, standing out as a modern homage to its legendary predecessors.
The Good
The 2006 Ford Mustang boasts an iconic retro design that appeals strongly to emotional buyers, especially the V8 GT's exhilarating performance and distinctive exhaust note. Practical advantages include generally solid reliability, an extensive aftermarket for customization, and excellent value retention. Its relatively comfortable interior for a muscle car and widespread parts availability make it an appealing choice for both enthusiasts and daily drivers.
The Bad
Known weaknesses for the 2006 Ford Mustang include its live rear axle, which limits handling precision compared to independent setups, particularly over rough roads. Interior plastics can feel cheap and are prone to rattles. V6 models come with rear drum brakes and the base suspension is soft. Fuel economy, especially in the V8 GT, is also a consideration.
2006 Ford Mustang: Quick Overview
- Engine Options:
- 4.0L SOHC V6 (standard in V6 models)
- 4.6L SOHC 3V V8 (standard in GT models) - Horsepower:
- V6: 210 hp at 5,300 rpm
- GT: 300 hp at 5,750 rpm - Torque:
- V6: 240 lb-ft at 3,500 rpm
- GT: 320 lb-ft at 4,500 rpm - Fuel Economy (EPA estimates, city/highway):
- V6 (manual): 19/27 mpg
- V6 (automatic): 19/25 mpg
- GT (manual): 17/25 mpg
- GT (automatic): 17/23 mpg - 0-60 MPH Times (approximate):
- V6 (manual): 6.8 - 7.5 seconds
- GT (manual): 5.1 - 5.5 seconds - Towing Capacity: Not officially rated or recommended for towing due to its sports car nature. Any small capacity (e.g., 1000 lbs) is typically for very light utility trailers and is not a primary function.
- Trim-Level Features:
- V6 Standard: 16-inch alloy wheels, cloth bucket seats, power windows/locks/mirrors, air conditioning, CD player, anti-lock brakes (ABS), front airbags. Available options included a "Pony Package" with unique grille, fog lights, upgraded suspension, and 17-inch wheels.
- GT Standard: 4.6L V8 engine, 17-inch alloy wheels, firmer suspension, dual exhaust, larger front brake discs, fog lights, rear spoiler, power driver's seat. Optional GT upgrades included leather seating, Shaker 500 or 1000 audio systems, 18-inch wheels, and interior upgrade packages featuring aluminum trim. Both trims offered a choice of 5-speed manual or 5-speed automatic transmissions.
2006 Ford Mustang Specifications
Vehicle Information
| Year | 2006 |
| 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 | 1517.27 kg |
| Gross Vehicle Weight Rating | - |
| Overall Height | 138.43 cm |
| Overall Length | 476.5 cm |
| Overall Width | 187.96 cm |
| Wheelbase Length | 272.03 cm |
| Standard Seating | 4 |
Engine & Performance
| Engine | 4.0-L V-6 SOHC 12V |
| Engine Size | 4L |
| 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) | $23,940 USD |
| Invoice Price | $22,046 USD |
| Delivery Charges | $720 USD |
Vehicle History Report
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Analysis
Analysis
What Problems Does the 2006 Ford Mustang Have?
The 2006 Ford Mustang, while generally robust, has a few frequently reported problems and long-term reliability concerns. Owners often report issues with interior quality, specifically rattles from the dashboard and door panels, and some trim pieces may wear prematurely. Window regulators and motors can fail over time, leading to slow or non-functional power windows.
Transmission concerns can arise. Manual transmissions, especially the TR-3650 in the GT, may exhibit grinding into gears, particularly 3rd, or difficulty shifting at high RPMs; some owners report synchro wear. The 5R55S automatic transmission can sometimes have delayed shifts or rough engagement as it ages.
Another common issue is alternator failure, which can lead to various electrical problems. Owners have also reported differential leaks from the pinion seal or axle seals, requiring attention. Suspension components, such as control arm bushings and ball joints, are wear items and may need replacement after significant mileage, especially if the car has been driven hard.
Regarding recalls, the 2006 Mustang had a few. One notable recall (15S21) involved the driver-side frontal airbag inflator, which could rupture and send metal fragments into the cabin. Another recall (06S46) addressed a potential issue with the wiring harness for the front passenger seat, which could affect the airbag system's ability to properly detect an occupant. It's always advisable for potential buyers to check if these and any other recalls were addressed for a specific VIN. While the 4.0L V6 and 4.6L V8 engines are largely dependable, proper maintenance, including regular oil changes and cooling system checks, is crucial for long-term reliability.
Transmission concerns can arise. Manual transmissions, especially the TR-3650 in the GT, may exhibit grinding into gears, particularly 3rd, or difficulty shifting at high RPMs; some owners report synchro wear. The 5R55S automatic transmission can sometimes have delayed shifts or rough engagement as it ages.
Another common issue is alternator failure, which can lead to various electrical problems. Owners have also reported differential leaks from the pinion seal or axle seals, requiring attention. Suspension components, such as control arm bushings and ball joints, are wear items and may need replacement after significant mileage, especially if the car has been driven hard.
Regarding recalls, the 2006 Mustang had a few. One notable recall (15S21) involved the driver-side frontal airbag inflator, which could rupture and send metal fragments into the cabin. Another recall (06S46) addressed a potential issue with the wiring harness for the front passenger seat, which could affect the airbag system's ability to properly detect an occupant. It's always advisable for potential buyers to check if these and any other recalls were addressed for a specific VIN. While the 4.0L V6 and 4.6L V8 engines are largely dependable, proper maintenance, including regular oil changes and cooling system checks, is crucial for long-term reliability.
How long will the 2006 Ford Mustang last?
With proper and consistent maintenance, a 2006 Ford Mustang can reliably achieve between 150,000 to 200,000 miles, and often more, providing many years of service. Its engines, both the 4.0L V6 and the 4.6L V8, are known for their durability when cared for, and transmissions generally hold up well.
Long-term durability is a strong point for the drivetrain, but weaknesses tend to emerge in other areas. Over time, interior components like seat bolsters and dashboard materials can show wear. Suspension bushings, ball joints, and shocks will eventually require replacement, especially on cars driven enthusiastically. Electrical issues, such as failing window motors or alternators, can also surface with age. Rust is generally less of an issue compared to older models, but it's still wise to inspect common areas like wheel wells and rocker panels, particularly in regions with harsh winters.
Long-term durability is a strong point for the drivetrain, but weaknesses tend to emerge in other areas. Over time, interior components like seat bolsters and dashboard materials can show wear. Suspension bushings, ball joints, and shocks will eventually require replacement, especially on cars driven enthusiastically. Electrical issues, such as failing window motors or alternators, can also surface with age. Rust is generally less of an issue compared to older models, but it's still wise to inspect common areas like wheel wells and rocker panels, particularly in regions with harsh winters.
What Technology & Safety Features are Included?
The 2006 Ford Mustang, reflecting its era and muscle car ethos, offered a relatively straightforward suite of built-in tech and entertainment features. Standard equipment included an AM/FM stereo with a single-disc CD player, auxiliary audio input was not standard but could be added via aftermarket solutions or specific optional packages. The main entertainment upgrade was the acclaimed Shaker audio system, available in Shaker 500 (500 watts, 6-disc in-dash CD changer, 8 speakers with two 8-inch subwoofers) and the more powerful Shaker 1000 (1000 watts, 6-disc in-dash CD changer, 10 speakers with two 10-inch subwoofers in the trunk). These systems were a significant selling point for audio enthusiasts.
Driver-assistance features were minimal, as was common for vehicles of this class and year. There were no advanced systems like adaptive cruise control, blind-spot monitoring, or lane-keeping assist. The primary safety features included dual front airbags and a four-wheel anti-lock braking system (ABS). Side-impact airbags for the front seats were an important optional safety feature.
Regarding crash-test ratings:
Overall, while the 2006 Mustang lacked modern driver-assistance tech, it provided a solid foundation of passive safety features and performed well in government crash tests, especially with the optional side airbags.
Driver-assistance features were minimal, as was common for vehicles of this class and year. There were no advanced systems like adaptive cruise control, blind-spot monitoring, or lane-keeping assist. The primary safety features included dual front airbags and a four-wheel anti-lock braking system (ABS). Side-impact airbags for the front seats were an important optional safety feature.
Regarding crash-test ratings:
- NHTSA (National Highway Traffic Safety Administration):
- Frontal Driver: 5 Stars
- Frontal Passenger: 5 Stars
- Side Driver (with optional side airbags): 5 Stars
- Side Rear Passenger (with optional side airbags): 5 Stars (note: this rating often refers to the area, not a specific "rear passenger" in a coupe)
- Rollover: 3 Stars (Coupe), 2 Stars (Convertible) - IIHS (Insurance Institute for Highway Safety):
- Moderate Overlap Front: Good
- Side Impact (with optional side airbags): Acceptable
- Rear Crash Protection/Head Restraints: Good
Overall, while the 2006 Mustang lacked modern driver-assistance tech, it provided a solid foundation of passive safety features and performed well in government crash tests, especially with the optional side airbags.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
2006 Ford Mustang Prices and Market Value
When new, the 2006 Ford Mustang had a starting MSRP of approximately $19,000 for the V6 coupe, while the GT coupe began around $25,000. Convertible models naturally commanded higher prices.
In the current used market, prices vary significantly based on condition, mileage, and trim. A V6 model can typically be found from $4,000 to $9,000, while GT models, especially well-maintained examples or those with desirable options/manual transmissions, range from $8,000 to $15,000, with pristine or low-mileage examples sometimes exceeding that.
Depreciation has been relatively stable for a car of its age, especially for the GT. Factors strongly affecting resale value include the vehicle's overall condition, service history, and mileage. Manual transmissions often command a premium among enthusiasts. Modifications can either enhance or detract from value depending on their quality and reversibility. Special editions (though limited for 2006 beyond GT/CS, which was 2007) and convertibles also tend to hold value better.
In the current used market, prices vary significantly based on condition, mileage, and trim. A V6 model can typically be found from $4,000 to $9,000, while GT models, especially well-maintained examples or those with desirable options/manual transmissions, range from $8,000 to $15,000, with pristine or low-mileage examples sometimes exceeding that.
Depreciation has been relatively stable for a car of its age, especially for the GT. Factors strongly affecting resale value include the vehicle's overall condition, service history, and mileage. Manual transmissions often command a premium among enthusiasts. Modifications can either enhance or detract from value depending on their quality and reversibility. Special editions (though limited for 2006 beyond GT/CS, which was 2007) and convertibles also tend to hold value better.
2006 Ford Mustang Cost of Ownership
Long-term ownership of a 2006 Ford Mustang is generally considered economical for a performance vehicle. Insurance costs for the V6 are moderate, but the GT can be significantly higher due to its performance nature and demographic. Fuel costs are reasonable for the V6 but notably higher for the GT, which benefits from premium fuel. Maintenance is typically affordable, with parts readily available and many tasks being DIY-friendly or inexpensive at independent shops. Repairs are usually not excessively costly unless major drivetrain components fail. Overall, its widespread popularity, aftermarket support, and mechanical simplicity contribute to a relatively low cost of ownership compared to many other sports or performance cars, making it an accessible entry into muscle car ownership.
2006 Ford Mustang Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
60.57 liters
City Mileage
8.08 km/l
Highway Mileage
10.63 km/l
2006 Ford Mustang Safety Rating
NHTSA
IIHS
2006 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
2006 Ford Mustang Insurance
Insurance for a 2006 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 2006 Ford Mustang Compare to Other Coupe?
The 2006 Ford Mustang faced a challenging landscape of rivals. Its primary competitor for the "American muscle" crown was the Pontiac GTO, which offered superior independent rear suspension and a more powerful 6.0L V8, often outperforming the Mustang GT in straight-line speed and handling refinement, albeit with a less distinctive design and higher price point. The Nissan 350Z provided a more agile, precise handling experience with a robust V6 engine, but its smaller cabin and two-seater configuration appealed to a different buyer. The Mazda RX-8 offered unique rotary engine performance and excellent handling but suffered from lower torque and specific reliability concerns related to the rotary engine.
In terms of performance, the Mustang GT's 300 hp V8 was strong for its price, but the live rear axle limited its ultimate handling prowess compared to rivals with IRS. Its V6, while decent, wasn't a performance powerhouse. Feature-wise, the Mustang's interior was more basic than some Japanese rivals, focusing on retro aesthetics over luxury or advanced tech. Reliability was generally good, comparable to the 350Z, and arguably better than the RX-8's rotary engine or the GTO's more complex V8.
Price was a major differentiator; the Mustang was often significantly more affordable than a comparably powered GTO or a well-equipped 350Z, making V8 performance accessible.
For alternatives: If raw power and better handling are priorities without the retro look, a used Pontiac GTO (2004-2006) is a strong contender. For more precise handling and reliability in a coupe, the Nissan 350Z is an excellent choice. If a newer muscle car with IRS is desired and budget allows, later model Chevrolet Camaros (5th gen, 2010+) or Dodge Challengers (2008+) offer similar themes with modern refinements, though they will be in a higher price bracket for used models.
In terms of performance, the Mustang GT's 300 hp V8 was strong for its price, but the live rear axle limited its ultimate handling prowess compared to rivals with IRS. Its V6, while decent, wasn't a performance powerhouse. Feature-wise, the Mustang's interior was more basic than some Japanese rivals, focusing on retro aesthetics over luxury or advanced tech. Reliability was generally good, comparable to the 350Z, and arguably better than the RX-8's rotary engine or the GTO's more complex V8.
Price was a major differentiator; the Mustang was often significantly more affordable than a comparably powered GTO or a well-equipped 350Z, making V8 performance accessible.
For alternatives: If raw power and better handling are priorities without the retro look, a used Pontiac GTO (2004-2006) is a strong contender. For more precise handling and reliability in a coupe, the Nissan 350Z is an excellent choice. If a newer muscle car with IRS is desired and budget allows, later model Chevrolet Camaros (5th gen, 2010+) or Dodge Challengers (2008+) offer similar themes with modern refinements, though they will be in a higher price bracket for used models.
Final Verdict: Is the 2006 Ford Mustang a Good Coupe?
The 2006 Ford Mustang is an ideal vehicle for enthusiasts seeking an authentic American muscle car experience on a budget, and for those who appreciate its striking retro styling. It's also a great option for first-time performance car owners due to its relative simplicity and abundant aftermarket support.
It is absolutely worth buying in the used market today, provided you find a well-maintained example. Specifically, the GT trim with its 4.6L V8 and manual transmission offers the most engaging and iconic experience, representing excellent bang-for-your-buck performance. For those prioritizing fuel economy and a lower entry cost, the V6 is a viable option, though less thrilling. Look for cars with documented service histories, minimal modifications, and check for common issues like window regulators or transmission quirks. Avoid heavily modified or neglected examples to ensure long-term enjoyment.
It is absolutely worth buying in the used market today, provided you find a well-maintained example. Specifically, the GT trim with its 4.6L V8 and manual transmission offers the most engaging and iconic experience, representing excellent bang-for-your-buck performance. For those prioritizing fuel economy and a lower entry cost, the V6 is a viable option, though less thrilling. Look for cars with documented service histories, minimal modifications, and check for common issues like window regulators or transmission quirks. Avoid heavily modified or neglected examples to ensure long-term enjoyment.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma