I currently have an 87' GT and I just sold my '93 2.3 daily driver. I am thinking of getting an '02-'04 GT. I really don't know much of anything about the 4.6 cars. I know mods are more expensive for the 4.6 vs. the 5.0, but i'm not planning to mod it any, i'm just looking for a good Daily Driver. Most of the cars I have looked at have around 30-40K on them, I know it isn't uncommon for a well maintained 5.0 to last 200K before the internals are worn out. What about the 4.6? Just as reliable?
Any common problems on them to watch out for?