1998 Ford Mustang GT Convertible Has Surprisingly Low Odometer Readings

Considered by most to be a polarizing Mustang, the SN-95 blurs the lines between a pony car and a grand tourer.Ford produced the first stage of the SN-95 until 1998, and this guy here is one of the best survivors out there because it's a single-owner car that doesn't have that many miles.Chassis No. 1FAFP45X9WF248388 was purchased by the seller's mother-in-law in the fall of 1998 for $27,300 plus a destination and delivery charge of $525, which converted to $44,960 after adjusting for inflation.Sold by Ron Hopkins Ford of Elgin, Illinois, the open-top Mustang touts a clean history report and a great spec: laser red and saddle on the saddle trim roof.

Now showing 18,935 miles (30,473 km), the GT Convertible still has most of the factory-supplied spare parts, including 17-inch alloy wheels, bolster seats, air conditioning and a 16-valve modular block.

The successor to the 302's small-displacement V8 makes 225 horsepower and 290 pound-feet (393 Nm) of torque, but only a dynamometer can verify how much is lost along the way.The 4.6-liter V8 is a reliable engine in every way, connected to a four-speed automatic transmission called the 4R70W.

The 4R70W, a revised version of the AOD-E introduced by Ford in 1993, has higher first, second and reverse gear ratios.Capable of handling over 500 lb-ft of torque, it's clear that this transmission has been engineered to last a long time with little or no maintenance.

With goodies like a black trunk lid, factory papers, and window stickers listed in the car and tender, the GT Convertible in the two clips below was serviced in April in preparation for sale.Maintenance work includes new oil and new oil filter, replaced idler pulley and drive belt tensioner, and new brake fluid and differential fluid.