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2004 Ford Mustang

2004 Ford Mustang

Convertible
RWD
Regular Gasoline
Horsepower
MPG Combined
21 mpg
MSRP
Torque
Reliability Score
98/ 100Excellent
Based on 127 NHTSA complaints

Should You Buy a 2004 Ford Mustang?

The 2004 Ford Mustang Convertible is a classic American muscle car that combines style and performance. With a rear-wheel drive layout and a 3.8L V6 engine producing 190 hp and 220 lb-ft of torque, it offers a spirited driving experience, especially for those who appreciate the open air of a convertible. The MSRP of $26,010 makes it an accessible option for buyers looking for a fun and iconic vehicle. With a combined fuel economy of 20.0 MPG, it strikes a balance between performance and efficiency, making it suitable for both daily drives and weekend outings.

However, potential buyers should be aware of some concerns reflected in NHTSA complaint data. There have been 21 crash incidents reported, with 8 injuries, primarily related to vehicle speed control issues, particularly with the accelerator pedal. Despite these concerns, the Mustang boasts a strong reliability score of 98.1/100, indicating that it is generally dependable for its age.

Ideal For

This vehicle is best suited for enthusiasts who appreciate classic American muscle cars and seek a fun, stylish convertible for weekend drives and casual outings.

Strengths

  • +Iconic American muscle car design
  • +Strong reliability score of 98.1/100
  • +Convertible body type for open-air driving experience
  • +Rear-wheel drive for sporty handling
  • +Affordable price point for a performance vehicle

Weaknesses

  • -Reported issues with vehicle speed control
  • -Limited power compared to V8 models
  • -Back seat space may be cramped for taller passengers
  • -Older technology and features compared to modern vehicles
  • -Fuel economy may not satisfy all buyers

Known Issues (NHTSA Data)

The 2004 Ford Mustang Convertible has reported 127 total complaints, with a notable focus on vehicle speed control issues, particularly with the accelerator pedal. Most of these complaints occur at low mileage, specifically between 0-20,000 miles. While there are some safety concerns, there are no significant NHTSA complaints on record regarding fire incidents or fatalities, which speaks to its overall safety profile.

Complaint Patterns by Mileage
VEHICLE SPEED CONTROL:ACCELERATOR PEDAL
0-20000 mi
19 reports
UNKNOWN OR OTHER
0-20000 mi
7 reports
Top Complaint Areas
VEHICLE SPEED CONTROL:ACCELERATOR PEDAL20% of complaints
UNKNOWN OR OTHER12% of complaints
AIR BAGS4% of complaints
VEHICLE SPEED CONTROL4% of complaints
TIRES4% of complaints

Performance

Horsepower
Torque
Engine
3.9 L
Cylinders
V6
Transmission
Manual 5-spd
Drive Type
RWD

Efficiency

MPG Combined
21
Fuel Type
Regular Gasoline

Dimensions

Length
183.1 in
Width
73.2 in
Height
53.5 in
Wheelbase
101.2 in
Curb Weight
3,210 lbs
Ground Clearance

Capacity

Doors
2
Seating
Cargo
Max Cargo
Max Towing
Max Payload

ddpc Estimated Value

$4,795
$4,076 – $5,514
Depreciation Over Time
New
5yr
10yr
15yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$4,288
Per Mile
$0.36
5-Year Total
$42,655
Fuel
$2,100/yr
Maintenance
$600/yr
Insurance
$1,588/yr
Depreciation
$4,243/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (9)

Mustang
RWD
Mustang
2 VALVE
RWD
Mustang
4 VALVE
RWD
Mustang
2 VALVE
RWD
Mustang
4 VALVE
RWD
Mustang
RWD
Mustang
RWD
Mustang
RWD
Mustang
RWD

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