While many low-cost used cars are for transportation only, the 2004 Mustang can fulfill your point-a-to-point-b needs and deliver a serious level of driving enjoyment. The GT trim version offers a 260-horsepower V8 engine and a 5-speed manual transmission while still undercutting our $8,000 price bogey.
Kelley Blue Book Retail Value as of January 29, 2013: $7,328