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What's it Worth? 2002 GT conv/auto

  • Thread starter Thread starter tonydetesta
  • Start date Start date Jan 7, 2026
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    2002 mustang gt gt convertible what is it worth
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tonydetesta

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Jan 7, 2026
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Bethel Park, PA 15102
Jan 7, 2026
#1
  • Jan 7, 2026
  • #1
Looking for honest help and advice. Have a problem. Always wanted a rag top, always been a Ford guy, after retiring decided to get one. Found a rust free, black 2002 GT automatic, tan top and interior, no rust, adult owned, no mods, 78,000 miles, top won't go up or down. Installed both hydraulic lift cylinders and added fluid, convertible top now works. The interior was VERY DIRTY. Total interior clean up, had seats recovered, removed carpet, scrubbed and got new floor mats. Drained and put in all new fluids, including brake fluid.New Serpentine belt, battery & hold down hardware, plugs, coils and filters. Noticed tiny coolant leak at front of engine, have a new intake manifold to install as Spring project. Ready to roll, look out Dairy Queen! One rather BIG problem, turns out my wife HATES riding in a convertible! Dreams of car cruises, car club trips and top down bliss, shattered! As the saying goes: "If Mama ain't happy, AIN'T NOBODY happy!". Looking for advice on how to sell my former dream car. The only negative really is that the car has the original black paint and all of the little dings, scratches and imperfections that come with 23 years of use. Have the CarFax report, no accidents, clean title, car originally purchased in Florida and 2 owners there in a little over a year. Then purchased by the man I bought it from who owned it for the next 19+ years. He said it was garaged every winter and was his summertime weekend toy, back and forth to golf and drive grandkids around. Then the bad news / good news: NOT being any kind of "car guy", never wasted too much time cleaning or waxing and panicked when the top wouldn't function and did not want to put money into a 20 yr old car. However, he never "beat" on it or raced it, no mods, no rust. Reasonable price, and after almost a year of searching, found my dream car, or so I thought. The gist of this message is this: I need to sell it and get a hard roofed car, but I really don't know its value. I will be up front and honest, I have about $12k invested, and I know I can't expect to make a profit or probably not be able to break even. I just want to move on and get another car. What the heck is worth?
 

Noobz347

Stangnet Facilities Maint Tech... Er... Janitor
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General karthief

wonder how much it would cost to ship you a pair
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#3
  • Jan 7, 2026
  • #3
^^^I agree^^^^
That said, figure out (or attempt to) what car she wants to ride and drive (the second is very important) and do a possible trade..?
In the mean time enjoy the top down and just put the top up when she rides.
 

Mustang5L5

That is…until I whipped out my Bissell
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Jan 21, 2026
#4
  • Jan 21, 2026
  • #4
I have almost the same car. Low miles, but was dirty with some mechanical issues. I picked it up for $1K and put about $4-5K into it to bring it back so into it for just under $6K. New carpet, recover sets, similar work. I also did Cobra brakes and revamped the suspension.

Thread '2000 GT:'

Jul 23, 2023
I’ve had a thing for 99-04 cars ever since (regretfully) selling my 2003 GT. Always said I would get back into one of the price is right.

Well, neighbor had once sitting in his driveway for 9 months. Finally I asked him about it. Was a family members who passed away and was looking to just get rid of it.

Long story short, $1k later and it’s in my driveway.

2000 GT premium vert. 68k miles. Runs and drives but has a few issues I can sort through:

-AC clutch failing and rattling hard
-brakes spongy (prob need to be bled)
- mystery current draw drains battery fast.
- needs...
  • Mustang5L5
  • Replies: 414
  • Forum: 1996 - 2004 SN95 Mustang -General/Talk-


I toyed with selling it and settled on a number of $5-8K where I reasonably expect someone to make an offer. I'd probably initially list it for $8-10K. Downside of the car is the paint. It's shiny, but scratched. It's clearly a 10 footer. Upside is all the new parts I've put into the car and the fact that it's a 5-spd.

Unfortunately the market for SN95 convertibles is just poor. Not a whole lot of folks want them.
 
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