I am shopping for my new Mustang purchase, and I found a gorgeous '02 GT cnvt w/ 11K miles for around $18,500. It was cherry in all respects, except the previous owner removed the catalytic converter to get a deeper note from the exhaust. My question is does this effect the car in any way- performance or longevity??? Also the dealer told me that the service engine light is on because the converter was removed- is this true or was he bullshi*ing me??? 
