Sold $20,501
2004 · Gray · 30,000 mi
Jun 10, 2025 · Bring a Trailer
Ford Mustang Base Convertible
1994 to 2004 · Convertible
A 1994 Ford Mustang Base Convertible cost $20,160 new. Across every sale we have on file, 5 have sold publicly at a median of $10,250. The Shifty Estimate for a well-kept example is $10,800. Across the sales we have on file, prices ran from $3,000 to $21,750, depending on mileage, color, and history.
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Shifty Estimate
$10,800
Medium confidence · $4K to $17K
- Median · all time
- $10,250
- Sales · all time
- 5
- Original MSRP
- $20,160Down 46% since new
Enthusiast
Sold$10,250 · Bring a Trailer · May 2026
The market
Every recorded 1994 Ford Mustang Base Convertible sale, by date and price
May 2026 · Bring a Trailer
$10,250 · 106,000 mi · Silver Metallic
● Sold● Bid to, not sold
5 sales · 1 unsoldmedian $10kupdated May 2026
Community
Latest results
The newest 1994 Ford Mustang Base Convertible sales with photographs
Sold $6,200
2002 · Yellow · 54,000 mi
Jun 6, 2025 · Bring a Trailer
Sold $3,000
1995 · Red · 86,000 mi
Nov 6, 2024 · Bring a Trailer
Every SN95
Sold prices, last 12 months · Oct 29, 2026
| Base Convertible1994 to 2004 | Mach 12003 to 2004 | Bullitt2001 | SVT Cobra R1995 to 2000 | GT1994 to 2004 | GT Convertible1994 to 2004 | GT Premium1994 to 2004 | SVT Cobra1994 to 2004 | SVT Cobra Convertible1994 to 2004 | |
|---|---|---|---|---|---|---|---|---|---|
| Shifty Estimate | $10,800 | $17,400 | $20,000 | $85,600 | $14,900 | $11,100 | $16,000Low confidence | $24,000 | $26,000 |
| Sold median | Too few sales to call1 sale | $19,2509 sales | $19,0015 sales | $82,5004 sales | $15,25033 sales | $10,27534 sales | Too few sales to call1 sale | $25,25051 sales | $19,50037 sales |
| 12-month move | Too few sales to call | Too few sales to call | Too few sales to call | Too few sales to call | Up 8.0% | Down 11.6% | Too few sales to call | Up 27.2% | Up 14.7% |
| For sale | None | 38 | None | None | None | None | None | 1 | None |
Other Mustang generations
Also on file, with no sale or listing yet: SVT Cobra 10th Anniversary.
Specifications
- Engine
- V6, 3.8L
- Power
- 145 hp
- Torque
- 215 lb-ft
- 0 to 60
- 9.2 s
- Top speed
- 115 mph
- Transmission
- Manual
- Drivetrain
- RWD
- Original MSRP
- $20,160
Common questions
How much does a Ford Mustang Base Convertible cost?
A 1994 Ford Mustang Base Convertible cost $20,160 new. Across every sale we have on file, 5 have sold publicly at a median of $10,250. The Shifty Estimate for a well-kept example is $10,800. Across the sales we have on file, prices ran from $3,000 to $21,750, depending on mileage, color, and history.
What is a 1994 Ford Mustang Base Convertible worth today?
The Shifty Estimate is $10,800. We rate confidence medium: 5 public sales in a year is a thin market, and the spread between them is wide.
How many Ford Mustang Base Convertible have sold?
Shifty has 5 public sales of the Ford Mustang Base Convertible on file. The earliest was on Apr 10, 2024.
What is the most expensive Ford Mustang Base Convertible sold?
The highest public sale on file is $21,750, on Apr 10, 2024, with 24,000 mi.
What has a Ford Mustang Base Convertible sold for at auction?
The 3 most recent public sales we have on file:
- $10,250May 19, 2026Silver Metallic · 106,000 mi
- $20,501Jun 10, 2025Gray · 30,000 mi
- $6,200Jun 6, 2025Yellow · 54,000 mi
About the 1994 Ford Mustang Base Convertible
The SN95 Mustang Convertible represents Ford's successful modernization of an American icon. Launched in 1994 with completely new sheetmetal over a revised Fox platform, these drop-tops offered genuine performance credibility alongside classic Mustang style. The 5.0L Windsor V8 delivered 215 hp through 1995, while the new 4.6L modular V8 took over from 1996, eventually producing 260 hp in GT trim. The convertible's structural reinforcements added weight but maintained respectable rigidity for the era. Notable variants include the limited-production SVT Cobra convertibles, particularly the supercharged 2003-04 'Terminator' models producing 390 hp. Clean examples are increasingly sought after, especially low-mileage GTs and any Cobra variant. The SN95's blend of retro styling cues with contemporary performance makes it a compelling entry point into serious Mustang collecting, bridging the gap between classic muscle and modern capability.
More Ford in the market
Sales and listings
Showing 6 of 6 on file
2001 · Silver Metallic · 106,000 mi
Bring a Trailer
$10,250
May 19, 2026
2004 · Gray · 30,000 mi
Bring a Trailer
$20,501
Jun 10, 2025
2002 · Yellow · 54,000 mi
Bring a Trailer
$6,200
Jun 6, 2025
1995 · Red · 86,000 mi
Bring a Trailer
$3,000
Nov 6, 2024
1996 · Black · 2,300 mi
Bring a Trailer
Bid to $23,500
May 2, 2024
2001 · Black · 24,000 mi
Bring a Trailer
$21,750
Apr 10, 2024
Free: the 2027 Collector Car Outlook.