Learn about the Ford Mustang sports car. See the engine specifications, gas mileage, price, and MSRP. Research Ford Premium warranty features and Ford Credit lending options.
Looking for a Ford Mustang?
Find your perfect ride. Choose from thousands of vehicles. Your Mustang Premium may be waiting for you.
Home » Vehicles » 2002 Ford Mustang Premium 2 Door Convertible 3.8L 6-Cylinder 4A
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 produced under the Ford vehicle brand name. It is categorized as a sports car and includes a convertible body. This 2 door convertible has rear wheel drive with a 4-speed automatic transmission. The Ford Mustang is primarily domestic from the country of United States. The Ford vehicle line is a subsidiary vehicle company 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 can be found in a range of trim levels and packages including the 2002 Ford Mustang Premium 2 Door Convertible (3.8L 6-Cylinder 4A). This variation of the Mustang convertible sports the Premium 2 door convertible with a 3.8L 6-cylinder 4A on the Ford Mustang platform. The Mustang Premium trim can feature automobile upgrade bundles depending on the origin of the automobile and the time of production.
Ford Mustang Premium Price and MSRP
Interested in driving a 2002 Ford Mustang Premium? The initial MSRP is noted at $25,585 and related Kelly Blue Book resale values are normally lower. Used vehicle appraisals are calculated from the year, make, style, and other details. Ford Mustang asking prices can increase beyond these value ranges because of factors like increased demand, reduced availability, and market shortages. As an example in 2021, car and truck valuations and correlated vehicle equity grew due to global semiconductor chip scarcity and supply chain conditions. This created tension on the auto marketplace with older used equity reaching the price highs historically solely seen by new car sales.
MSRP: $25,585
Trim & Style: Premium 2 door convertible with a 3.8L 6-cylinder 4A
Made In: United States
Mustang Premium Performance Specs and Engine
The performance specifications and efficiency of your vehicle’s engine matter a lot. For instance, if you are hauling a load or camping trailer with a truck. The performance specifications and capacities of your engine hauling package matters a lot. Your 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 looking for a smaller economical car to run about town as a daily driver, you might not care what is under the hood if it is dependable and the engine runs well.
Ford Vehicle Data Table
The 2002 Ford Mustang may come with a few different performance bundles and engine alternatives. This exact Ford vehicle is set up with the 3.8 gas engine with a rear wheel drive drivetrain.
Engine: 3.8L 6-cylinder 4A
Horsepower: 190
Doors: 2 door
Transmission: 4-speed automatic
Drive Type: rear wheel drive
Fuel: gas
MSRP: $25,585
Manufactured: United States
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
Fuel Usage and Gas Mileage
Knowing about gas mileage and fuel economy are essential considerations when it concerns purchasing a Ford Mustang. In addition to the purchase expense of the vehicle, the fuel cost is normally the next most expensive factor when it concerns auto ownership. The 3rd most costly aspect is obeying the recommended upkeep schedule and conducting preventive maintenance.
The U.S. Environmental Protection Agency or EPA supplies assessments into a vehicle’s gas mileage (MPG) and the amount of miles a car or truck can productively drive per a gallon of fuel consumed on city streets and on the highway. MPG is dependent on Ford Mustang engine type, performance, operation elevation, and other things like aftermarket adjustments, but it offers a great standard for fuel use.
For the 2002 Ford Mustang, the EPA expects drivers will get around 17/25 MPG for operating the vehicle on city streets and while driving on the highway. These valuations are different because city driving entails driving on local area roads, stopping at traffic control devices, pausing at stop signs, waiting at crosswalks for pedestrians, and other things which require the Ford Mustang to start and stop more often. On the highway, the Ford Mustang’s engine and fuel efficiency are pushed to the limit attaining a greater MPG score.
Compare Your Car’s Miles Per Gallon
Check out how your present car compares to the fuel effectiveness of the 2002 Ford Mustang. This can be a significant consideration in the automobile purchasing process. Use the gas mileage comparison calculator below to see how many more miles you could drive and fuel costs. Can you save gas money by driving this Ford Mustang or will it cost you more in gas to drive?
Finding financing for your 2002 Ford Mustang convertible can be an excellent method to get into the car or truck of your dreams while paying it off over the course of numerous years by making regular monthly payments. You often usually start the car or truck buying process by trying to find the vehicle model you plan to purchase. Next, consider the monetary aspect of the new car and the amount you will finance by calculating the difference between the out the door cost of your brand new Ford Mustang and the amounts of your down payment and any trade-in credit from your existing vehicle. Subtract these values from the new vehicle’s cost.
This will give you the amount you will be required to finance your 2002 Ford Mustang. Talk to different lenders to see qualified financing offers. These deals will be based on your credit ratings, customer profile, and credit history. It is excellent to compare funding rates from several lenders (examining deals with 3-4 lending institutions is good). Doubling examining the completing deals will assist you get the finest financing offer possible on your Ford vehicle.
To finish off your Mustang finance, you may need to do a number of things involving having a suitable credit score, meeting loan provider prerequisites, and meeting car financing criteria. Credit scores in the 500s (subprime category) might be appropriate for older used auto financing with scores in the 600s suitable for newer car or truck financing.
Other loan provider requirements include making a specific level of income monthly and meeting residency requirements by residing in a region the lending institution services for a set amount of time. In the nonprime credit classification of 601 to 660 scores, loan providers might require you to have a regular monthly earnings of $1,600 to $2,000. Subprime lenders in the 501 to 600 credit scores normally have similar requirements. Your car must satisfy basic automobile financing requirements like being newer than 10 years old and having less than 100,000 miles with positive vehicle equity.
Ford Mustang Refinancing
Refinance your Ford Mustang 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.
Information About Ford Credit
Ford Credit is Ford’s internal monetary services branch. They supply car buyers with various financing offers if you are considering buying a more recent car from one of the auto brands dealerships. The promotions and incentives can include financing offers like 0% APR for 60 months and 6.9% stand alone APR for 84 months (based on the amount of down payment). Ford Credit can also supply leasing deals and rewards like 10,500 annual miles for 39 months with a set dollar amount due at finalization.
Lending Options for Your Mustang Premium
It is necessary to be aware of how much you can afford to put towards your new 2002 Ford Mustang. When tracking your individual financial resources, you may want to compare and contrast your financing offers from different lending institutions. This step may be important not only for motor vehicle budgeting but also for your personal finances. Checking your numbers with a financing calculator is one of the most convenient methods to rapidly see your expected car payment.
What is the Monthly Car Payment to Buy a Ford Mustang Premium?
Wondering how much it would cost to sign an automobile loan on a 2002 Ford Mustang? Here is an estimated cost you can use to begin the research! The best answer to the vehicle payment question depends on a few things. The month-to-month vehicle payment on a Ford Mustang Premium depends on your down payment amount, car loan interest rate, term, credit history, trade in-value, and various elements. Things like the sales tax on the Mustang Premium also have to be looked at. Now, we are ready to find the estimated payment. Since the manufacturer’s suggested retail price or MSRP is $25,585, the estimated average vehicle payment for a new Mustang might be close to $370.84.
This value can be determined by using the MSRP minus a 10% deposit together with a vehicle loan interest rate of 5% throughout a 48 month term. Take note of how these approximations are going to change depending on your quoted loan rates, annual percentage rate or APR, and bank offers. Keep in mind this is what it could cost if you purchased the 2002 Ford Mustang “new” according to the MSRP. With used vehicles, there is a considerable likelihood the monthly motor vehicle payment will be significantly different. You can check more estimates using varying percentages and numbers by using a car loan calculator.
Estimated Monthly Payment
$370.84
Involved Payment Factors
MSRP: $25,585 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.
2002 Ford Mustang Refinancing
Refinancing your Ford Mustang is also a choice to think about after you have made a number of your preliminary regular monthly auto payments. The primary lenders you originally financed through typically have benefits and deals which end or are front-weighted. Special offers like cash back rebates and 0% APR financing discounts may start losing their efficiency or worth after 6 to 12 car or truck payments.
If your financial scenario has changed since you acquired your Ford Mustang or if your initial term and rate are no longer useful to you, think about refinancing. You can typically save cash on your monthly vehicle payments by refinancing your automobile loan.
Ford Mustang Vehile Insurance Plans
Having active automobile insurance coverage insurance coverage for your Ford Mustang is vital. Choosing the most ideal insurance plan for you will most likely help pay for costs connected with auto accidents, automobile theft, and other damage to your vehicle. Not only will your insurance help you repair the damage from an auto collision or hitting a stationary object, but holding valid insurance coverage is frequently a legal requirement to drive a car on public roads in many states and counties in the U.S. The most ideal vehicle insurance plans and associated coverage are comprehensive collision coverage which helps you repair accident-related damage to your Ford convertible and cover non accident-related damage from other situations things like inclement weather conditions, storms, fire, vandalism, and wild animal strikes on top of automobile crashes. Your insurance plan can also help you repair the 3.8L engine in your convertible along with other mechanical components. The amount you spend for the policy coverage can range and is typically based upon the year of manufacture of your car. If you drive the 2002 Premium, this will be factored into your monthly insurance coverage payments. Find out more about insurance coverage and protect your Ford Mustang Premium 2 door convertible with a 3.8L 6-cylinder 4A.
Buy a Ford Mustang Premium
Looking for the right vehicle can be tough. There are a great deal of details to consider when it comes time to purchase an automobile. For instance, you should select the best make and model that matches your goals as well as managing a car monthly payment that suits your budget. There are a great deal of alternatives out there for locating and buying new and used vehicle inventory, so it may be tough to understand where to start your car buying journey. Carvana is one of the best places to start shopping for a car. Their large stock, lending options, and trade-in policies can allow you to quickly trade the motor vehicle you have currently for a different one you wish to drive. Find out how to buy a vehicle with Carvana.
When it comes to getting the best care for your new automobile, we frequently think of branded factory manufacturer’s warranties. These factory manufacturer’s warranties include traditional coverages like a limited 3 year in duration or 36,000 mile bumper-to-bumper manufacturer’s warranty and a 5 year duration or 60,000 mile powertrain manufacturer’s warranty. These annual durations begin with the original date of sale by the first truck or car’s owner.
Additional manufacturer vehicle service warranties are also available based on the engine type. New vehicles with diesel engines can come with a factory 5 year duration or 100,000 mile powertrain service warranty. Hybrid cars and electrically powered vehicles (EVs) can also have distinct coverage like a 8 year duration or 100,000 mile guarantee.
There are also extended motor vehicle service plans (VSPs), Certified pre-owned (CPO) coverage, and additional warranty coverage selections available beyond the auto maker’s original factory plans. VSPs offer maintenance service plans with supplemental coverage for components in the event your automobile suffers from a large mechanical failure. These are great choices to think about when purchasing a used car or truck.
CPO service warranties frequently add coverage for extra years limited by constraints like 2 years or 80,000 miles on the car or truck. Cars, trucks, and SUVs that come with CPO status go through a meticulous pre-owned assessment by qualified technicians which adds extra guarantee years. CPO vehicles generally cost more than similar used cars , however, they could be worth it for having the security that the motor vehicle you are purchasing is mechanically sound.
Other protection choices include prepaid automobile upkeep programs from motor vehicle dealers. These plans encompass the components, services, and labor that pertain to the advised producer’s service schedule. You can find these line items and associated mileages posted in the vehicle owner’s guide.
Information Regarding Mustang Types of Warranties
Factory Warranty: A factory warranty is what you probably picture when motor vehicle warranties are brought up. These types of service warranties usually are included with the purchase of new vehicles and are among the simplest and most budget-friendly approaches to look after your car– warranty wise given that the brand-new car or truck will probably cost more than a used one leading to you spending more money. The factory warranty is similar to a manufacturer’s warranty and is a guarantee from the car manufacturer. Under the guarantee protection, the vehicle company will change out any damaged parts and/or fix any damaged areas caused by manufacturing flaws, malfunctioning components or materials, and faulty craftsmanship with no charge to you as the motor vehicle owner. The warranty guarantees the motor vehicle will be brought back to original operating condition.
Drivetrain Warranty: A drivetrain service warranty covers the parts, parts, and systems which move or “drive” the vehicle forward. A drivetrain warranty is also another term for a powertrain service warranty and may cover comparable components depending on the producer’s definitions and service warranty terms.
Roadside Warranty: A roadside warranty helps you when you are stranded or are broken down when driving. This service warranty for the Ford Mustang Premium consists of standard help services such as towing, blowout fixing or replacement, dead battery aid and jumpstarts, lockout assistance, fluid and fuel delivery, and other related services. A roadside service warranty is similar to roadside assistance, but it is provided with the new car from the automaker and not an add-on item through insurance policies or a vehicle service contract or VSC.
Rust & Corrosion Warranty: A rust and corrosion warranty helps to protect the materials, frame, and body of the automobile. Car manufacturers include this warranty with new cars and trucks to help fix damage from caustic liquids, substances, and substances. While vehicle bodies are made with materials which are corrosion-resistant like aluminum, carbon fiber, magnesium, and plastic, rust can still form. Big amounts of road deicers like salt or sodium chloride, calcium chloride, magnesium chloride, and similar substances and compounds can trigger a car’s body to begin rusting. Other corrosive liquids like bleach and acid, can cause oxidation if splashed on a car’s 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 Premium Additional Specs
In order to attract a bigger market of customers who are interested in the 2002 Ford Mustang Premium, a few different trim levels are provided. A large number of auto makers provide different choices for their vehicles. This includes Ford Motor Company who makes the Mustang model. These choices can incorporate details like assorted paint shades, wheel sizes, or packages that include elements like a sunroof or entertainment system. Supplying these options enables makers to appeal to diverse types of car buyers and also helps them to move even more cars.
These options permit consumers to pick a car which meets their requirements plus can include various attributes that they may desire in their vehicle. Some car producers may offer things like a selection of various engines, trim lines, as well as performance or sport packages to select from, while others might provide different exterior colors or interior trim levels or colors. The options that are offered will vary between automakers, makes, and models, so do your research when you are shopping for an automobile with particular options like heated seats or third occupant seating.
By putting in the time to investigate the different choices that are available in the vehicle market, you, as the customer, can make sure that you are getting precisely what you want in your new vehicle. This convertible by Mustang comes outfitted from the automobile producer with a number of standard trims and options. They include options like the front independent suspension, modified MacPherson strut front suspension, multi-link rear suspension,6-way power driver seat, bucket front seats, height adjustable driver seat, leather,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, 16 x 7.0 inch wheels, all season tires, P225/55R16 tires, steel spare wheel,2 front headrests, anti-theft alarm system, child seat anchors, electronic brakeforce distribution, traction control, 4-wheel ABS, emergency interior trunk release, ventilated front disc/solid rear disc brakes, and other typical components.
Ford Mustang Questions
Looking for info about the Ford Mustang Premium? Here are some answers to commonly asked FAQs. It is very important to know what you are getting into with your vehicle purchase and research the specific details. Check out the vehicle specs and be aware of how the monthly car payment on a motor vehicle can affect your financial situation. These answers can help you understand the capabilities of the vehicle along with MPGs, weight, horsepower, and engine capabilities.
What is a Ford Mustang Premium?
The Ford Mustang is a vehicle line produced by Ford Motor Company. The Premium is a specific package of the Ford Mustang lineup. The vehicle is categorized as a sports car.
How much does a Ford Mustang Premium cost?
The Ford Mustang Premium costs around $25,585.
What is the car payment to buy a Ford Mustang Premium?
The monthly car payment on a Ford Mustang 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 Premium also need to be considered. Since the MSRP is $25,585, the average car payment for a new Mustang could be around $370.84. 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 Premium?
You may be able to lease a Ford Mustang Premium through an auto loan lender or financial institution.
Can I refinance my Ford Mustang Premium?
You may be able to refinance your Ford Mustang 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 Premium?
Try searching car dealers like Carvana for a Ford Mustang 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 Premium go on a single tank of gas?
The Ford Mustang Premium can usually travel around 263.5/387.5 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 17/25 MPG miles per gallon (MPG) on the city/highway roads. The combined MPG is 20 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 17/25 MPG (city/highway) MPG per the Environmental Protection Agency or EPA. The combined MPG rating is 20.
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 Premium?
The Ford Mustang with the 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 190HP.
What kind of engine does a Ford Mustang Premium have?
The Ford Mustang Premium comes with a 3.8L V6 4-speed automatic engine.
What type of drivetrain does a Ford Mustang Premium have?
The Ford Mustang Premium features a rear wheel drive drivetrain.
What kind of transmission does a Ford Mustang come with?
The Ford Mustang Premium comes with a 4-speed automatic transmission.
Where is the Ford Mustang made?
The Ford Mustang 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 Premium?
The Ford Motor Company is the auto manufacturer which produces the Ford Mustang Premium.
How much does a Ford Mustang weigh?
The Ford Mustang Premium has a gross vehicle weight of pounds and a curb weight of 3,208 pounds. Learn more about how a vehicle is weighed.
What kind of warranty does the Ford Mustang come with?
The Ford Mustang 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.
