February 4, 1998
“Not German, not Japanese, not European – American. Yes, it’s a modern car, but when you look at it you know – that’s a Mustang – the heartbeat of the company,” was how Jim O’Connor, then President of Ford of Canada, described the redesigned 1994 Mustang at its introduction to the Canadian press.
Although it may not have generated quite the same wave of excitement or enthusiasm as the original ‘pony car’ 30 years prior, the 1994 Mustang was still a landmark vehicle. It had been 14 years since the last major redesign and this time around the designers went back to its roots for a retro-look that most enthusiasts loved.
Up-front it has the famous galloping pony grill, distinctive air-scoops decorate the side and best of all it remained a rear-wheel-drive car. The base model now came with a 3.8 litre V6 engine and the GT a 5.0 litre V8. The new body had a longer wheelbase, wider stance and numerous chassis improvements to make it a much more rigid structure that came as either a conventional coupe or a convertible.
Safety features included a driver and front passenger air bags – four-wheel disc brakes and an anti-lock baking system was an option. However, the passenger side bag, on some ’95 Mustangs, may have a cracked inflator body, which may not allow it to inflate properly.
The ’95 may also have outer tie rod ends that were manufactured incorrectly and could fracture. A Ford dealer will replace both outer tie rod ends free of charge, if necessary. Highway driving can also force air between the inner and outer hood panels and causes them to separate. Additional adhesive can be applied or a Ford dealer will replace the hood.
In 1996 the 5.0 litre V8 engine was replaced by a 215 hp over-head camshaft 4.6 litre V8. It also saw the return of Cobra, the super high-performance “muscle” Mustang which has a 305 horsepower 32-valve version of the 4.6 litre V8 engine under the hood.
There’s a special policy adjustment, a warranty extension to seven years or 160,000 km on the 3.8-litre V6 engine. The problem is a defective cylinder head gasket that can lose coolant and eventually overheat and damage the engine. Ford will reimburse owners who have already had repairs performed at a Ford dealer or independent repair facility.
The V8 is generally a more durable unit, however, V8 motors made in ’98 may have a leak problem at a fuel rail that will be fixed or replaced by the dealer, free of charge.
The ’98 Mustang had recalls on the rack and pinion steering gears for a damaged input shaft bearing and a faulty speed control cable that may interfere with the speed control servo pulley. All Mustangs of this generation with a manual transmission were also recalled for a faulty park brake that may partially release.
Although generally considered a youth oriented sports car, the Mustang has traditionally appealed to a much broader range of car buyers. Mustang’s best sales year was 1994, so you’ll probably find the bulk of the used vehicle offerings will be of this vintage.
Used vehicle prices vary depending on factors such as general condition, odometer reading, usage history and options fitted. Always have a used vehicle checked by an experienced auto technician before you buy.