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Ford - Mustang (1989)
Ford Mustang 1989 – a classic example of American muscle, this iconic GT still turns heads in museums, shows, and on the road. While a brand‑new Mustang today can start at over $30,000, the Ford Mustang price for the 1989 model varies widely depending on mileage, restoration level, and body condition. If you’re wondering what is a 1989 Ford Mustang worth? the answer hinges on many variables, but a glance at the market reveals that even a well‑maintained example often sits in the mid‑$10,000 range, while a heavily restored 1989 can command premium prices.
- Engine: 5.0‑L V8 (Coyote) – 255‑350 hp depending on configuration
- Transmission: 4‑speed manual standard; optional 5‑speed manual or 3‑speed automatic
- Fuel Type: Gasoline
- Dimensions: 191.5 in L × 69.5 in W × 55.0 in H
- Wheelbase: 112.9 in
- Weight: 3,755–3,840 lb (depending on trim)
- Drivetrain: Rear‑wheel drive
- Typical Trim Levels: Coupe – GT, GT-P, etc.; Convertible – GT, GT-P
- Color Options: Classic reds, gunmetal, pastel greens, off‑white, and more
- Interior: Cloth/cloth‑leather upholstery, dual‑zone climate, AM/FM, CD player, optional 4‑speaker audio
- Standard Features: Power steering, power brakes, power windows, power door locks, dual front airbags
- Optional Upgrades: Convertible top, upgraded audio system, aftermarket rims, performance exhaust, aftermarket steering wheel
Depreciation Insight
When evaluating the Ford Mustang depreciation profile, it’s essential to understand how quickly an antique model loses value. In the immediate years following purchase, many classic cars experience a steep drop in market value as they move from street legal to collector’s item. Rough estimates for the 1989 Mustang include:
- First 2–3 years: typically loses 15–20% of its value
- Years 4–7: depreciation slows to about 10–12% per year
- Beyond 10 years: the vehicle’s value often stabilizes; some well‑restored examples may even appreciate modestly, especially if they are in excellent condition with low mileage
These figures are averages; actual depreciation can vary significantly. A 1989 Mustang that’s fully restored, has low miles, and has never been in an accident might hold
Last 20 car trackeds
| Last tracked date | Status | Price | Price rank | Link |
|---|---|---|---|---|
| 2 years ago | used | US$10,509.00 | Unlock all links | |
| 2 years ago | used | US$8,999.00 | Unlock all links |