✦ Shifty Estimate
$10,800
- all time median
- $10K
- Sales, all time
- 5
- Original MSRP
- $20,160 · ▼ 46% since
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1994 Ford Mustang Base Convertible
1994 to 2004 · Convertible
Price history
Recent sales
More sales on file
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Every sale for this exact market, with the chassis behind each number. Drop your email and you are first in.
Specifications
- Engine
- V6, 3.8L
- Power
- 145 hp
- Torque
- 215 lb-ft
- 0 to 60
- 9.2s
- 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. Cars have changed hands anywhere from $3,960 to $17,426, 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.
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
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.