New Here need some advice

[Mustang402ci]

Hi guys I'm new here and I might be buying a Mustang but need some advice first. I'm looking at a 1998 Mustang GT with a 402ci Crate Motor, SVO Supercharger, Tremac 5 speed, 355 posi rear end, 18 inch wheels/new tires. I didnt find out how many miles on it yet but lets say it's in good condition. They are asking $10 OBO / Trade. If it has reasonable amount of miles and pretty good condition, how much do you think this would be worth? KBB says around $7125 with 50k miles and fair condition. So with the motor and SC what would you guys think? I'm pretty sure the 402 crate is an ls1 so along with a sc it has some good potential.Any advice is appreciated thanks.

 

[Dark Knight GT]

First, find out what the history of the vehicle is if you can. Run a carfax history report and ask the owner if he/she has had any problems with it. Also, note how many miles it actually has on it and what condition its currently in. Check for any fluid leaks or strange sounds. I've never heard of a 402 crate motor in a GT, but I'm assuming anything is possible. If everything is functioning as it should be and if everything is running fine, no leaks, and no problems to be seen, I'de say its a good deal. Be sure to ask them to take it for a test drive before you buy

 

[twogts4us]

Dittos to what Dark Knight said...a 402? Maybe a 302...? I'd shy away from modified cars anyway...unless you have a complete history on the car...and I mean COMPLETE.
Just re-read your post...so this is a Chevy motor...in a Mustang...with a SVO supercharger...? I highly doubt it.
Run, man, run away...how did the car get this way and why are they selling it?

 

[03ghoststang]

never heard of a 402 i think it might be a 302 and an LS1 i doubt it because that motor is a 347cid or 5.7L plus a Chevy motor on a mustang that'll be the day but yeah do a complete search on it before anything

 

[Kilgore Trout]

The KBB price is for STOCK, with major mods it is worth significantly LESS. I would guess $5k would be a fair starting offer...

But better to find one that is all stock and mod it yourself. Do not inherit some one else's project. Someone who could have really sucked at the mechanic thing...

 

[tomustang]