This 1992 Mustang had a sticker price of $16,274 when it was new, yet decades later sold for many times that
It’s not every day that a near-museum-grade 1992 Ford Mustang 5.0 LX notchback surfaces for sale, yet one has just appeared on the market. This remarkably well-preserved example, still wearing its factory plastic coverings and finished in a deep, lustrous green, was recently listed by a dealer in Sewell, New Jersey.
It looks immaculate, no argument there, but the asking price might make even the most devoted Mustang loyalists blink twice, maybe three times, just to be sure they read it right.
Read: This 2003 Mustang With 2003 Tires Will Cost You More Than A New GT
As we can see from the window sticker, when this V8 muscle car rolled out of showrooms back in ’92, it carried a sticker price of $16,274, including options and destination at the time ($440). Adjusted for inflation, that’s about $37,600 today, roughly what you’d pay for a new Mustang EcoBoost Premium.
NJ Truck King, however, is asking an eye-watering $149,000, or about $17,000 more than a brand new Porsche Carrera. Can a Fox-body really justify that kind of money? Technically, sure, as these things are always worth whatever someone’s willing to hand over. But for us? It’s a stretch, to say the least.
Value in the Mileage
The key thing going for this Mustang is the fact that it has been driven just 131 miles (211 km) since new. It’s likely one of the lowest-mileage Mustang Notchback’s of this era currently in the US, and the green paint looks spectacular. There also doesn’t appear to be any external damage.
Unfortunately, the dealership hasn’t published many photos or details of the car beyond what’s included in these short clips. We can see that the original window sticker is still taped to the passenger side window, and there’s plastic covering the seats. If the cabin is anything like the exterior, it should look almost as good as new.
A post shared by KING OF CARS & TRUCKS INC. (@nj_truck_king)
According to the seller, the car comes with its original keys, owner’s manuals, and title. What they don’t mention is how it runs or how it’s been cared for all these decades.
Sure, it’s been driven very little, but engines don’t like sitting for years on end without being used. If that’s what’s happened with this Mustang, the next buyer would be wise to give the engine a thorough inspection, replace all of the fluids, and may also need to replace the rubber hoses used throughout.
Speaking of the powertrain, the LX comes equipped with a 5.0-liter V8 delivering 225 horsepower and 300 lb-ft of torque, paired with a standard 5-speed manual driving the rear wheels.
A quick scan of the used market shows that similar Fox-body Mustangs typically change hands for somewhere between $20,000 and $40,000.
Sold Before You Could Blink
Granted, most of those cars have lived real lives, piling on tens of thousands of miles. Finding one this untouched is almost unheard of. Still, $149,000 feels detached from reality, even for a survivor-grade specimen.
Yet despite what you and I may think, the car didn’t linger long. The dealer confirmed it sold this week, proving once again that nostalgia has no price ceiling. Somewhere out there, a collector decided that owning a perfectly preserved slice of early ’90s Americana was worth torching a small fortune.
A post shared by KING OF CARS & TRUCKS INC. (@nj_truck_king)
Google News
MSN Start
Brad Anderson’s lifelong affair and fascination with cars started young. Before even graduating high school,… Read full bio
