Looking at a 2001 GT

BigPerm65

Member
Oct 29, 2018
10
2
13
Minnesota
I'm looking at a 2001 GT 5 speed with 140k miles. Car is black with grey interior. Mods include a Procharger, Cobra tank and fuel pump, subframe connectors, lowered slightly, Bassani stainless exhaust, tuner, and a newer set of wheels and tires (245 front, 315 rear). Procharger has been on since 120k. Pulls hard and sounds really good.

I am more familiar with the older Mustangs ( I have a 1967 coupe), and i'm curious what to look for with these cars in terms of potential issues or maintenance points? Guy is asking $7k, which I think is fair, but you tell me.

20181028_151656_resized.jpg
 

Attachments

  • 20181028_151813_resized.jpg
    20181028_151813_resized.jpg
    534.9 KB · Views: 123
  • 20181028_145855_resized.jpg
    20181028_145855_resized.jpg
    346.3 KB · Views: 121
  • 20181028_145659_resized.jpg
    20181028_145659_resized.jpg
    298.7 KB · Views: 127
  • Sponsors (?)


7K sounds a little high for the mileage(make him an offer), you are paying for the forced induction(which with all the costs associated with it can run several K's), does look clean though especially the seats/interior for the mileage. I would look for the the usual things; signs of abuse/wear and tear(you know, weird noises and actions etc). I also climb under with a small powerful flashlight and inspect everything for wear. cracks, rust etc. These can go 200K but it is not unusual for the upper end to need refreshing ie chains, tensioner. guides, and maybe valve seals. A lot will depend on what you are able to fix yourself.
I recently picked up my '02GT with 83k and absolutely gorgeous shape for $5340.00 after looking for many months, of course no supercharger for that price.
 
  • Like
Reactions: 1 user
I paid $4500 for my 2K convertible a year ago, with new tires and wheels...interior was rougher than the one you've pictured and stock motor. If not addressed in the vehicle build up, you might plan for struts/shocks and rear upper/lower control arms as an opening argument for ownership...assuming engine and drivetrain are strong. The GTs are fun cars and mine has proven super reliable after hammering out a couple of things the PO was ignoring or couldn't afford to fix. Enjoy.
 
Thanks for the replies everyone! I ended up getting the car for $6,500, which I think is fair. Sadly, our MN winter has kicked in early, so the car was put immediately into storage until probably late April, early May.

In the meantime, I am going to be purchasing new rear tubular control arms, shocks and struts (Koni's?), caster/camber plates, and a Steeda short-throw shifter. I'll throw those on right away in spring and proceed to drive the crap out of it.

One thing I did notice is that the previous owner managed to keep the quad shocks on the car with 315/35 tires. I was impressed, and I plan on replacing them along with the shocks and struts as they are all original with 140k miles.