Learn about the Ford Mustang sports car. See the engine specifications, gas mileage, price, and MSRP. Research Ford GT Premium warranty features and Ford Credit lending options.
Looking for a Ford Mustang?
Find your perfect ride. Choose from thousands of vehicles. Your Mustang GT Premium may be waiting for you.
Home » Vehicles » 2002 Ford Mustang GT Premium 2 Door Convertible 4.6L 8-Cylinder 5M
The products and offers that appear on the website are from respective partners, companies, and third-party advertisers from which we receive compensation. This compensation may impact how and where products appear on this site including the order in which they appear. This site does not include all financial products or companies or all available product offers. Learn more about our partners and how we make money.
Details About the 2002 Ford Mustang convertible
The 2002 Ford Mustang is manufactured under the Ford auto brand name. It is categorized as a sports car and includes a convertible body. This 2 door convertible has rear wheel drive with a 5-speed manual transmission. The Ford Mustang is mainly domestic from the country of United States. The Ford vehicle line is a subsidiary automobile maker held by Ford Motor Company.
Thinking about changing vehicles?
Looking for a new car? Check out Ford Mustang convertible listings. Browse extensive inventories to find the vehicle that is right for you!
The Ford Mustang is available in a number of trim levels and spec packages such as the 2002 Ford Mustang GT Premium 2 Door Convertible (4.6L 8-Cylinder 5M). This variation of the Mustang convertible features the GT Premium 2 door convertible with a 4.6L 8-cylinder 5M on the Ford Mustang chassis. The Mustang GT Premium trim can add vehicle enhancement packages based on the origin of the motor vehicle and the production generation.
Ford Mustang GT Premium Pricing and MSRP
Interested in finding a 2002 Ford Mustang GT Premium? The recommended MSRP is posted at $28,645 and used Kelly Blue Book valuations are often found at lower price points. Used values are calculated using the year, make, style, and demand. Ford Mustang sale prices can increase outside of these estimates as a result of contributing factors like increased demand, restricted supply, and market shortages. As an example in 2021, SUV, truck, and car prices and associated automobile equity increased due to widespread chip production inadequacies and supply chain restrictions. This caused pressure on the marketplace and older used equity catching up with the equity highs previously solely seen by new vehicle sales.
MSRP: $28,645
Trim & Style: GT Premium 2 door convertible with a 4.6L 8-cylinder 5M
Made In: United States
Mustang GT Premium Performance Specifications and Engine
The performance specs and abilities of your vehicle’s engine matter a lot. If you are pulling a load or recreational trailer with a truck. The operation specs and capabilities of your engine towing bundle matters a lot. Your quarter mile time, horsepower, and engine can lead to more bragging rights if you are taking your sports car out for a track day. However, if you are considering a smaller economical car or sedan to use as an everyday driver, you may not care what is under the hood as long as it is reliable and the engine runs well.
Ford Vehicle Additional Info
The 2002 Ford Mustang can come along with a few different performance packages and engine choices. This exact Ford automobile is set up with the 4.6 gas engine with a rear wheel drive drivetrain.
Engine: 4.6L 8-cylinder 5M
Horsepower: 260
Doors: 2 door
Transmission: 5-speed manual
Drive Type: rear wheel drive
Fuel: gas
MSRP: $28,645
Manufactured: United States
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
Fuel Usage and Gas Mileage (MPG)
Being conscious of gas mileage and fuel usage are crucial aspects when it comes to shopping for a Ford Mustang. The total cost of the auto includes much more than the dealer price and includes the fuel expense. This is typically the next most pricey element when it comes to automobile ownership. The next most costly aspect is complying with the recommended manufacturer’s service schedule and conducting preventive upkeep.
The U.S. Environmental Protection Agency or EPA gives estimates around a vehicle’s gas mileage (MPG) and the amount of miles a vehicle can efficiently drive per a gallon of fuel consumed on city streets and on the highway. MPG depends on Ford Mustang engine type, performance, operation elevation, and other things like aftermarket adjustments, however it supplies a pretty good guideline for fuel use.
For the 2002 Ford Mustang, the EPA estimates around 16/23 MPG while operating the vehicle on city streets and during driving on the highway. These MPG values are different considering that city driving involves navigating town streets, traffic lights, stop signs, and other things which make the Ford Mustang to start and stop more regularly. On the highway, the Ford Mustang’s engine and fuel effectiveness are pushed to the limit allowing them to reach a better MPG score.
Comparing Motor Vehicle MPGs
Are you interested in comparing and contrasting car or truck MPGs? Check out how your present car or truck compares to the fuel performance of the 2002 Ford Mustang. This can be an essential consideration in your motor vehicle purchasing process. Use the gas mileage comparison calculator below to see how many more miles you could drive and gas costs. Can you save cash by driving this Ford Mustang or will it cost you more gas money to drive?
Financing your 2002 Ford Mustang convertible can be a good method to get into the vehicle of your dreams while paying it off over the course of numerous years by making regular monthly payments. Calculate the amount you will need to finance by finding the distinction between the cost of your brand-new Ford Mustang and the valuations of your down payment and any trade-in credit from your old motor vehicle.
This will calculate the amount you need to finance your 2002 Ford Mustang. Check with lenders to see quoted financing offers. These offers will be based on your credit ratings, client profile, and credit history. It is excellent to compare financing rates from several lending institutions (checking deals with 3-4 loan providers is great). Doubling inspecting the competing deals will assist you get the finest financing offer possible on your Ford vehicle.
To complete your Mustang financing, you need to do a number of things including having a qualifying credit rating, meeting loan provider prerequisites, and meeting vehicle financing qualifying criteria. Credit scores in the 500s (subprime classification) might be acceptable for older used motor vehicle funding with ratings in the 600s suitable for newer car financing.
Other lender requirements involve making a specified level of income every month and meeting residency conditions by living in a location the loan provider services for a specified period of time. In the non-prime credit category of 601 to 660 scores, lenders might require you to have a regular monthly earnings of $1,600 to $2,000. Subprime lending institutions in the 501 to 600 credit rating generally have similar requirements. Your motor vehicle should fulfill general motor vehicle finance requirements like being more recent than 10 years old and having less than 100,000 miles with positive vehicle equity.
Ford Mustang Refinancing
Refinance your Ford Mustang GT Premium convertible. Learn how you can save money by adjusting your current loan.
Find Ford Mustang Insurance
Learn about insurance and see coverage options for your Ford Mustang. Bundling your insurance can save you money.
Learn About Ford Credit
Ford Credit is Ford’s internal monetary services division. If you are thinking about purchasing a more recent vehicle from a brand dealership, they can offer many financing solutions. The rewards and special offers can include finance deals like 0% APR for 60 months and 6.9% stand alone APR for 84 months (based on the down payment). Ford Credit can also offer lease deals and rewards like 10,500 annual miles for 39 months with a set dollar amount due at signing.
Understanding Lending Options for Your Mustang GT Premium
It is important to understand how much you can manage to put towards your brand-new 2002 Ford Mustang. This is very important not merely for vehicle budgeting when keeping track of your personal financial resources but also for comparing finance offers from different lending institutions. Checking loan numbers with a finance calculator is one of the easiest methods to rapidly see your predicted motor vehicle payment.
What is the Monthly Payment to Buy a Ford Mustang GT Premium?
Ever wonder how much it would be to get an automobile loan on a 2002 Ford Mustang? Here is an approximate cost you can use to start the research! The answer to your motor vehicle payment estimate question depends on a few factors. The regular monthly automobile payment on a Ford Mustang GT Premium is calculated by your down payment, auto loan rate of interest, term, credit rating, trade in-value, and other factors. Things like sales tax on the Mustang GT Premium also have to be looked at. Since the manufacturer’s suggested retail price or MSRP is $28,645, an average automobile payment for a new Mustang may be about $415.19.
This can be estimated by taking the MSRP and subtracting a 10% deposit along with a vehicle loan interest rate of 5% over a 48 month term. Keep in mind these elements may differ based on your specific loan rates, annual percentage rate (or APR), and bank offers. Remember this payment is what it might cost if you bought the 2002 Ford Mustang “brand-new” based on the MSRP. With older automobiles, there is a considerable chance the regular monthly motor vehicle payment will be noticeably different. You can check additional price quotes using varying numbers using a car payment calculator.
Estimated Monthly Payment
$415.19
Involved Payment Factors
MSRP: $28,645 Down Payment: 10% (estimated payment) Loan Interest Rate: 5% (average rate) Car Loan Term: 72 months (varies by offer)
Note: This estimated payment does not include other factors and costs like sales tax which would normally be included in actual payment estimate.
Info About 2002 Ford Mustang Refinancing
Refinancing your Ford Mustang is also an alternative to keep in mind after you have made a number of your initial monthly motor vehicle payments. The original lending institutions you originally funded through frequently have benefits and deals which expire or are front-weighted. Special offers like cash back refunds and 0% APR financing discount rates may begin losing their efficiency or worth after 6 to 12 vehicle payments.
When refinancing is an excellent choice to consider, carefully read the terms and conditions of your finance agreement and examine the details to see how the refi process can help you. Refinancing gives you the power to reset your auto financial obligation with a brand-new loan provider successfully adjusting your loan’s term and interest rate with the new loan’s APR and term. If your personal financial situation has evolved since you bought your Ford Mustang or if your original term and rate are no longer beneficial to you, think about refinancing. You can typically conserve money on your regular monthly vehicle payments by refinancing your car loan.
Ford Mustang Vehile Insurance Plans
Maintaining a active car insurance policy insurance coverage for your Ford Mustang is a must. Picking the right insurance coverage and plan for you can help pay for expenses related to motor vehicle accidents, automobile theft, and additional damage to your vehicle. Not only will your insurance assist you in fixing the damage from an automotive crash or striking a stationary object, but holding valid insurance is frequently a legal requirement to drive on public roadways in most states and counties in the U.S.A. The best auto insurance plans and associated coverage are comprehensive collision coverage which helps you repair crash-related damage to your Ford convertible and pay for non accident-related damage from many things like bad weather, storms, fire, vandalism, and animal strikes on top of automobile accidents. Insurance coverage can also help you pay for repairs to the 4.6L engine in your convertible along with other mechanical components and parts. The amount you spend for the policy can change and is frequently based on the manufacture year of your vehicle. If you drive the 2002 GT Premium, this will be factored into your monthly insurance payments. Find out more about insurance coverage and secure your Ford Mustang GT Premium 2 door convertible with a 4.6L 8-cylinder 5M.
Buy a Ford Mustang GT Premium
Searching for the ideal vehicle can be difficult. There are a great deal of things to think about when it comes time to buy an automobile. You have to find the ideal make and model that fits your requirements along with handling an automobile payment that fits into your budget plan. There are a great deal of alternatives in the market for locating and buying used and new car stock, so it may be tough to understand where to begin your motor vehicle buying journey. Carvana is one of the very best companies to begin shopping for a vehicle. Their big stock, lending choices, and trade-in policies can allow you to easily trade the car you have currently for another one you really want to drive. Find out how to buy a car with Carvana.
We typically think about factory service warranties when it pertains to having a premier maintenance for your new car or truck. These factory manufacturer’s warranties incorporate standard protections like a restricted 3 year or 36,000 mile bumper-to-bumper warranty and a 5 year or 60,000 mile powertrain protection warranty. These annual timeframes begin with the initial sale date to the first owner.
Supplemental manufacturer vehicle warranties are often offered depending on the engine type of the motor vehicle. New cars with diesel engines can come with a factory 5 year or 100,000 mile powertrain warranty. Hybrid motor vehicles and electric vehicles (EVs) can also come with unique protection like a 8 year long or 100,000 mile warranty.
There are also extended car or vehicle service plans (VSPs), Certified pre-owned (CPO) protection, and extra guarantee coverage choices offered outside of the manufacturers factory programs. VSPs offer routine maintenance service plans with supplementary coverage for a vehicle’s components and parts in the event your automobile struggles with a huge mechanical breakdown or failure. These are good alternatives to consider when buying a used car.
CPO extended warranties often include protection for additional years with a mileage and/or time limitation like 2 years or 80,000 miles on the vehicle. Cars, trucks, and SUVs that carry CPO statuses undergo a thorough pre-owned checkup by certified professionals which includes extra guarantee years. CPO motor vehicles typically have price points more than equivalent used cars and trucks but may be worth it for coming with the security that the automobile you are purchasing is mechanically solid.
Other coverage alternatives include pre-paid automobile upkeep programs from automobile dealers. These programs address the components, services, and labor that pertain to the recommended manufacturer’s service schedule. You will identify these line items and associated mileages noted in the motor vehicle owner’s handbook.
About Mustang Warranty Types
Factory Warranty: A factory service warranty is what you might think of when vehicle warranties are brought up. These types of service warranties most often are included with the purchase of brand-new cars and are among the easiest and most budget-friendly approaches to protect your automobile– warranty wise considering that the brand-new motor vehicle will likely cost more than a used one leading to less affordability. The factory warranty resembles a manufacturer’s warranty and provides a guarantee from the automaker that any problems or defects with the vehicle will be fixed. Under the warranty guarantee scope, the car manufacturer will fix any damaged areas and/or replace any damaged parts caused by manufacturing flaws, flawed materials, and defective craftsmanship with no expense to you as the car owner. The warranty guarantees the motor vehicle will be brought back to initial operating shape.
Drivetrain Warranty: A drivetrain service warranty covers the systems and parts which “drive” the car ahead. The elements of the drivetrain can utilize the axles, driveshaft, transmission, engine, exhaust manifolds, wheels, and associated components. The warranty also generally covers engine parts like seals, gaskets, and other rubberized parts. A drivetrain warranty is another term for a powertrain warranty and may cover comparable elements depending upon the producer’s definitions and warranty terms.
Roadside Warranty: A roadside warranty helps you when you are stranded or breakdown when driving. This warranty for the Ford Mustang GT Premium includes basic aid services like towing, blowout fixing or replacement, dead battery help and jumpstarts, lockout help, fluid and fuel transport and delivery, and other comparable services. A roadside service warranty is similar to roadside assistance, however it is provided with the new motor vehicle from the car manufacturer and not an add-on item through insurance coverage or a vehicle service contract (VSC).
Rust & Corrosion Warranty: A rust and corrosion warranty can help protect the materials and body of the vehicle. Car manufacturers include this anti-rust warranty with brand-new cars to help repair damage due to caustic liquids, compounds, and materials. While vehicle bodies are developed from materials which have corrosion-resistance like aluminum, carbon fiber, magnesium, and plastic, parts of the car can still rust. Significant quantities of road deicers like salt or sodium chloride, calcium chloride, magnesium chloride, and similar substances and compounds can cause an automobile’s body to begin rusting. Other corrosive solutions like bleach and acid (while not normally found on roadways), can cause rust if splashed on body panels.
Ford Mustang Factory Warranty Coverage
Factory Warranty: 3 years / 36,000 miles
Drive Train Warranty: 3 years / 36,000 miles
Roadside Warranty: 3 years / 36,000 miles
Rust & Corrosion Warranty: 5 years / unlimited miles
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
Ford Mustang GT Premium Options
In order to interest a wider range of customers who are interested in the 2002 Ford Mustang GT Premium, different trim levels are provided. A lot of automotive manufacturers supply various choices for their vehicles. This includes Ford Motor Company who makes the Mustang model. These alternatives can include factors like different paint colors, wheel sizes, or packages that include elements like a sunroof or navigation system. Supplying these alternatives allows suppliers to develop interest in diverse kinds of buyers and enables them to sell larger volumes of cars and trucks.
These factory options enable customers to select a vehicle which meets their desires plus can include different functions that they may desire in their car. Some automobile makers might offer things like a variety of different engines, trim lines, as well as sport packages to select from, while others might provide different exterior color options or interior trim levels or colors. The options that are offered can vary between car manufacturers, makes, and models, so do your research when you are trying to find a car with certain traits like heated seats or third occupant seats.
By taking the time to investigate the various options that are available, you, as the customer, can ensure that you are getting precisely what you want in your new vehicle. This convertible by Mustang comes outfitted from the auto maker with a number of standard configurations and options. They include options like the front independent suspension, modified MacPherson strut front suspension, multi-link rear suspension,6-way power driver seat, height adjustable driver seat, leather, sport front seats,1 one-touch power windows, remote keyless power door locks, heated mirrors, power mirrors,clock, tachometer,cruise control, front cupholders, power steering, remote trunk release, tilt-adjustable steering wheel,front reading lights, leather steering wheel, trunk light, air conditioning, dual illuminating vanity mirrors,4 subwoofer(s), 460 watts stereo output, 8 total speakers, mast antenna, AM/FM in dash-CD stereo, multi-CD located in dash,power convertible roof, privacy glass, intermittent wipers,rear spoiler,alloy wheels, temporary spare tire, 17 x 8.0 inch wheels, alloy spare wheel, P245/45R Z tires, performancE tires,2 front headrests, anti-theft alarm system, child seat anchors, electronic brakeforce distribution, front fog/driving lights, traction control, 4-wheel ABS, emergency interior trunk release, ventilated front disc/solid rear disc brakes, and other standard components.
Ford Mustang Common Questions
Looking for information about the Ford Mustang GT Premium? Discover answers to commonly asked FAQs. It is very important to do your research on the vehicle and research the specific details. Check out the motor vehicle specifications and be aware of how your car payment on a vehicle can affect your budget and finances. These questions can help you understand the capabilities of the vehicle along with MPGs, weight, horsepower, and engine capabilities.
What is a Ford Mustang GT Premium?
The Ford Mustang is a vehicle line produced by Ford Motor Company. The GT Premium is a specific package of the Ford Mustang lineup. The vehicle is categorized as a sports car.
How much does a Ford Mustang GT Premium cost?
The Ford Mustang GT Premium costs around $28,645.
What is the car payment to buy a Ford Mustang GT Premium?
The monthly car payment on a Ford Mustang GT Premium depends on your down payment, car loan interest rate, term, credit score, trade in-value, and other factors. Things like sales tax on the Mustang GT Premium also need to be considered. Since the MSRP is $28,645, the average car payment for a new Mustang could be around $415.19. This can be estimated by using the MSRP minus a 10% down payment with a auto loan interest rate of 5% over a term of 48 months. Keep in mind these factors will vary depending on your qualifying loan rates and lending offers. You can check additional estimates with varying numbers by using a car payment calculator.
Can I lease a Ford Mustang GT Premium?
You may be able to lease a Ford Mustang GT Premium through an auto loan lender or financial institution.
Can I refinance my Ford Mustang GT Premium?
You may be able to refinance your Ford Mustang GT Premium depending on your credit score and financial situation. To learn more about lenders who offer vehicle refinancing and car loans, check out the best auto refinance companies.
Where can I buy a Ford Mustang GT Premium?
Try searching car dealers like Carvana for a Ford Mustang GT Premium. They often have good deals on recent vehicles and may also have a similar Ford Mustang in their inventory.
How far does the Ford Mustang GT Premium go on a single tank of gas?
The Ford Mustang GT Premium can usually travel around 248.0/356.5 miles miles on a full tank of gas. This range is dependent on driving conditions, vehicle maintenance, and other roadway factors.
Does the Ford Mustang have good gas mileage?
Ford Mustang gets an EPA estimated 16/23 MPG miles per gallon (MPG) on the city/highway roads. The combined MPG is 19 MPG. Understanding if this is a good gas mileage depends on what you are comparing the vehicle to. You can use our Gas Mileage Comparison calculator to see MPG estimates between vehicles with different MPG ratings along with destinations.
What kind of gas mileage does the Ford Mustang get?
The Ford Mustang gets 16/23 MPG (city/highway) MPG per the Environmental Protection Agency or EPA. The combined MPG rating is 19.
What type of gas does a Ford Mustang use?
The Ford Mustang uses the regular unleaded fuel type.
How much gas does the Ford Mustang gas tank hold?
The gas tank in the Ford Mustang holds 15.5 gallons of gas.
What type of vehicle is the Ford Mustang GT Premium?
The Ford Mustang with the GT Premium package is a sports car.
What is the towing capacity of a Ford Mustang?
The Ford Mustang has a towing capacity of pounds.
How much horsepower does a Ford Mustang have?
The Ford Mustang has a horsepower rating of 260HP.
What kind of engine does a Ford Mustang GT Premium have?
The Ford Mustang GT Premium comes with a 4.6L V8 5-speed manual engine.
What type of drivetrain does a Ford Mustang GT Premium have?
The Ford Mustang GT Premium features a rear wheel drive drivetrain.
What kind of transmission does a Ford Mustang come with?
The Ford Mustang GT Premium comes with a 5-speed manual transmission.
Where is the Ford Mustang made?
The Ford Mustang GT Premium is made in the United States by Ford Motor Company.
Is the Ford Mustang domestic or imported?
The Ford Mustang is a domestic vehicle.
What car company makes the Ford Mustang GT Premium?
The Ford Motor Company is the auto manufacturer which produces the Ford Mustang GT Premium.
How much does a Ford Mustang weigh?
The Ford Mustang GT Premium has a gross vehicle weight of pounds and a curb weight of 3,379 pounds. Learn more about how a vehicle is weighed.
What kind of warranty does the Ford Mustang come with?
The Ford Mustang GT Premium can come with a few warranties from the manufacturer including a 3 years / 36,000 miles drivetrain warranty, a 3 years / 36,000 miles roadside warranty, a 5 years / unlimited miles anti-rust warranty, and a maintenance program.
