Charlotte Showroom

7045 Aviation Blvd, Concord, NC 28027

Used 1987 Ford Mustang GT

61,516 miles
For Sale:$19,500
Estimated payment:$442/mo.
$0 trade-in, 10% down payment, 48 months, Great credit score

Value ChartA visual chart indicating the fair price range is between $20,100 and $23,700, while the current price is $19,500.$20,100 - $23,700$19,500
  • Priced at $19,500, this vehicle is $600 (3%) below the low end of its fair market value of $20,100.

  • The current fair market price range is between $20,100 to $23,700.

  • It has 61,516 miles, which is close to the median mileage of 61,500.

Note: This is an estimate based on a variety of factors (experimental feature). It is intended to provide a fair market value range to help guide your buying decision.

View Full Value Report
  • Car
  • Convertible
  • Condition
    Used
  • Mileage
    61,516miles
  • Generation
    3(1979 - 1993)
  • Trim
    GT
  • Drivetrain
    Rear Wheel
  • Transmission
    5-Speed Manual
  • MPG
    15 city22 highway
  • Exterior Color
    Red
  • Interior Color
    Beige pattern
  • Upholstery
    Cloth
  • Doors
    2
  • Max Seating
    4
  • Max Towing Capacity
    0lbs.
  • Final Assembly Point
    Dearborn, Michigan
  • VIN
    1FABP45E1HF160869
  • Starting MSRP
    $16,226

Engine5L V8 Gasoline 225hp

  • Fuel Type:Gasoline
  • Max Horsepower:225 hp @ 4000 rpm
  • Power to Weight Ratio:15.04lbs/hp
  • Max Torque:300 ft.lbf @ 3200 rpm
  • Displacement:5liters
  • Block Type:V
  • Cylinders:8
  • Aspiration:Naturally Aspirated
  • Fuel Induction:Fuel Injection
  • Cam Type:OHV
  • Valves:16

Message from the seller

Experience the thrill of classic American muscle with this 1987 Ford Mustang GT Convertible, a true icon of automotive history. With its striking red exterior, this Mustang commands attention and exudes a sense of timeless style. The manual convertible top allows you to enjoy open-air driving at your leisure, while the included convertible boot cover ensures a clean, polished look when the top is down. Inside, the beige pattern cloth interior offers a comfortable and inviting cabin space. Equipped with an array of features designed to enhance your driving pleasure, this Mustang includes air conditioning to keep you cool on warm days and an AM/FM Bluetooth radio that brings modern connectivity to your fingertips. The anti-theft system provides peace of mind, while power windows, locks, and steering add convenience to your driving experience. This Mustang GT Convertible boasts a 5.0L engine paired with a manual transmission, offering a driving experience that is both engaging and exhilarating. Additional features such as cruise control and lumbar support ensure that long drives are as comfortable as they are exciting. Safety and performance are further enhanced by power brakes, radial tires, and seatbelts, while the aluminum wheels add a touch of sophistication to the vehicle's overall appearance. The tilt steering wheel allows for a customized driving position, making every journey enjoyable. Completing the package is the Ford Racing mat for the trunk, adding a distinctive touch to the vehicle's practicality. Additionally, the included LeBra for the front provides an extra layer of protection, preserving the Mustang's iconic look. This 1987 Ford Mustang GT Convertible is a celebration of style, performance, and classic design, ready to deliver an unforgettable driving experience.

1987 Ford Mustang

The 1987 Ford Mustang marked a significant turning point for the iconic pony car, ushering in the "Fox Body" era with a substantial redesign and a renewed focus on performance and style. This generation solidified the Mustang's place as a compelling choice for driving enthusiasts seeking a blend of V8 power and a sporty aesthetic.

Highlights

  • Engine Options: The heart of the 1987 Mustang was its robust engine lineup.
    • 2.3L Inline-4: The base engine offered decent fuel economy and was suitable for everyday driving, though it lacked the thrill of the V8 options.
    • 5.0L (302 cubic inch) V8: This legendary engine was the star of the show, delivering exhilarating acceleration and a throaty exhaust note. In 1987, it received fuel injection, improving power delivery, responsiveness, and efficiency compared to earlier carbureted versions.
  • Safety Features: While contemporary safety standards differed significantly from today's, the 1987 Mustang included:
    • Three-Point Seatbelts: Standard on all models, these provided crucial upper body restraint in the event of a collision.
    • Collapsible Steering Column: Designed to absorb impact energy and reduce the risk of chest injury to the driver.
    • Energy-Absorbing Interior Components: Certain interior surfaces were designed to cushion occupants during impact.
  • Trim Levels: Ford offered a range of trims to cater to different buyer preferences:
    • GT: This was the performance-oriented trim, featuring the potent 5.0L V8 as standard, along with a sport-tuned suspension, upgraded brakes, and distinctive styling cues like fog lights and a unique rear spoiler.
    • LX: Positioned as a more budget-friendly option, the LX typically came with the 2.3L inline-four but could be optioned with the 5.0L V8. It offered a more understated appearance but still retained the Mustang's sporty character.
    • Convertible: Available on both LX and GT models, the convertible offered the open-air driving experience, adding another layer of desirability.
  • Aerodynamic Redesign: 1987 saw a significant exterior facelift for the Mustang, with a more aerodynamic and modern front-end design. This included flush headlights, a revised grille, and a smoother overall profile, giving it a more aggressive and contemporary look.
  • Improved Handling: The suspension received revisions for better handling and a more planted feel on the road, especially in the GT models.

What to Expect

Owning a 1987 Ford Mustang, particularly a V8-powered GT, is often a rewarding experience for enthusiasts. These cars are known for their spirited performance and accessible driving dynamics.

  • Maintenance: As with any vehicle of this age, expect regular maintenance to be a priority.
    • Engine: The 5.0L V8 is generally robust, but routine maintenance like oil changes, spark plug replacements, and fluid checks are essential. Fuel injectors on the 5.0L might require periodic cleaning or replacement.
    • Suspension and Brakes: Due to their sporty nature, suspension components like bushings and shocks may show wear over time. Brake pads and rotors will need regular replacement.
    • Electrical System: Older vehicles can develop electrical gremlins. Expect to potentially address issues with sensors, wiring harnesses, or components like the alternator or starter motor.
  • Insurance: Insurance costs for a 1987 Mustang can vary significantly based on your driving record, location, and the specific trim level. V8 models, especially GTs, will likely command higher premiums due to their performance capabilities. Classic car insurance policies may be a good option for well-maintained examples.
  • Driving Experience: The Mustang of this era offers a connected and engaging driving experience. The V8 engine provides ample power for spirited acceleration, and the rear-wheel-drive layout contributes to its classic sports car feel. The ride can be firm, especially in GT models, which is part of its sporty character.

Potential Considerations

While the 1987 Mustang is a desirable classic, there are certain aspects potential buyers should be aware of:

  • Rust: Like many vehicles from this era, rust can be a significant issue, particularly in areas with harsh winters or high humidity. Thoroughly inspect the unibody, wheel wells, rocker panels, and floor pans for any signs of corrosion.
  • Interior Wear: The interiors, often made with materials that weren't as durable as modern plastics, can show wear and tear. Expect potential fading of upholstery, cracking of the dashboard or door panels, and worn-out driver's seat bolsters.
  • Aging Components: Many components have a finite lifespan. Seals, gaskets, hoses, and various rubber parts will eventually degrade and may require replacement. This is a common factor for any vintage vehicle.
  • Availability of Parts: While the "Fox Body" Mustang is a popular platform with a good aftermarket support, some specific interior or trim pieces can be harder to find and more expensive.

Overall Summary

The 1987 Ford Mustang represents a high point in the "Fox Body" generation, offering a compelling blend of retro styling, powerful V8 performance (especially with the fuel-injected 5.0L), and a engaging driving experience. It's a car that appeals to those who appreciate American muscle and a more analog feel from their sports car. With proper maintenance and a keen eye for potential wear and tear, a 1987 Mustang can be a fantastic and rewarding classic to own and drive.

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Listed on November 14, 2025 (5 months ago)
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