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2004 Ford Mustang

Used 2004 Ford Mustang

4.6
rating
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2004 Ford Mustang Exterior: 0
2004 Ford Mustang Lifestyle: 1
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2004 Ford Mustang Lifestyle: 2
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2026
2004
Fuel Economy
18 - 20 combined mpg
Horsepower
193 - 390 hp
Engine
5 engines available
Engine Options
  • V6, 3.8 Liter
  • V6, 3.9 Liter
  • V8, 32V, 4.6 Liter
  • V8, 4.6 Liter
  • V8, Supercharged, 4.6L
Cargo Volume
7.7 - 10.9 cu ft
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2004 Ford Mustang Overview

2004 Ford Mustang Pricing

2004 Ford Mustang pricing starts at $4,550 for the Mustang Coupe 2D, which had a starting MSRP of $18,775 when new. The range-topping 2004 Mustang Cobra SVT Convertible 2D starts at $18,700 today, originally priced from $39,575.

Original MSRP
KBB Fair Purchase Price (national avg.)
$18,775
$4,550
$19,505
$4,550
$20,160
$5,100
$24,300
$7,400
$24,510
$4,900
$25,470
$8,275
$26,635
$5,800
$28,640
$10,350
$29,810
$10,000
$29,875
$14,650
$35,485
$26,900
$39,575
$18,700

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2004 Ford Mustang models in typical condition when purchasing from a dealership. These prices are updated weekly.

Mustang Consumer Sentiment

Owners give this generation Ford Mustang (1994-2004) a 4.6 out of 5 rating, which is higher than most, and 95% recommend it. These figures are based on 2050 consumer reviews, like these:

What Owners are Saying About the 2004 Ford Mustang

"this is a cheap, practical, and fun sporty car"

"This car is easy to work on, lots of available parts, and aftermarket accesories. it can fit 2 large and 2 small adults, it also has a suprisingly comodius trunk. It is fun to drive, own and look at."

"Great thrill at a great value"

"Looks great, sounds amazing, and is a great value. You won't be the fastest by any means but can still break the rear loose spin the tires and be relatively quick while having a reliable V8 that has loads of aftermarket support. Love the style of the car inside and out. Not a family car seats aren't the best and is almost a little to easy to break the rear in the rain but overall very very good."

"Just bought, already enjoying."

"So I just got the car and when I first saw it I fell in love with it. It has been a blast to drive so far. It is a smooth ride and very reliable in the turns. Would recommend to anyone it would be a great first car."

Overall 2004 Ford Mustang Quality

User sentiment suggests the overall quality of the 2004 Ford Mustang is above average for its class. Owners rated the 2004 Ford Mustang quality a 4.6 out of 5.

2004 Ford Mustang Reliability

The 2004 Ford Mustang receives an average consumer rating of 4.6 overall and a 4.7 for reliability, which means owners consider its reliability to be above average.

Favorite 2004 Mustang Features

According to drivers of the 2004 Mustang, here are some of its best features:

  • Value, speed, looks, and heritage
  • Value, sound, reliable
  • Great, Fun to drive, sounds powerful.
  • Very fun
  • Fun to drive

2004 Ford Mustang MPG by Trim

2004 Mustang Deluxe Convertible 2D - city 17 MPG - hwy 25 MPG

2004 Mustang GT Deluxe Coupe 2D - city 17 MPG - hwy 24 MPG

2004 Mustang GT Premium Coupe 2D - city 17 MPG - hwy 24 MPG

2004 Mustang GT Deluxe Convertible 2D - city 17 MPG - hwy 24 MPG

2004 Mustang Mach 1 Premium Coupe 2D - city 15 MPG - hwy 23 MPG

2004 Mustang Cobra SVT Convertible 2D - city 15 MPG - hwy 22 MPG

2004 Mustang Safety

2004 Ford Mustang Safety Features

  • Child Door Locks: Not available
  • Child Seat Anchors
  • Driver Airbag
  • Passenger Airbag
  • Rear Side Airbag
  • Front Side Airbag
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2004 Ford Mustang
KBB.com Consumer Reviews

4.6
Consumer Rating
Based on 2,050 Consumer Reviews
Write a Review
93%Recommend this vehicle
Value
4.7
Performance
4.7
Quality
4.6
Comfort
4.5
Reliability
4.7
Styling
4.7

Trending Topics in KBB.com Consumer Reviews

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2004 Ford Mustang Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
Curb Weight
Deluxe Convertible 2D
$4,900
20 MPG
193 @ 5500 RPM
V6, 3.8 Liter
7.7 cu ft
225 lb-ft
3204 lbs
Premium Convertible 2D
$5,800
N/A
193 @ 5500 RPM
V6, 3.9 Liter
7.7 cu ft
225 lb-ft
3204 lbs
GT Premium Convertible 2D
$10,000
19 MPG
260 @ 5250 RPM
V8, 4.6 Liter
7.7 cu ft
302 lb-ft
3482 lbs
GT Deluxe Convertible 2D
$10,350
19 MPG
260 @ 5250 RPM
V8, 4.6 Liter
7.7 cu ft
302 lb-ft
3482 lbs
Cobra SVT Convertible 2D
$18,700
18 MPG
390 @ 6000 RPM
V8, Supercharged, 4.6L
7.7 cu ft
390 lb-ft
3780 lbs
See Full Specs for All 2004 Ford Mustang Styles
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2004 Ford Mustang Depreciation

A 2004 Ford Mustang has a current resale value of $3,975 and trade-in value of $2,075.

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2004 Ford Mustang
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2004 Ford Mustang Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2023
$348
$3,369
$2,022
2024
$68
$3,301
$1,937
2025
$26
$3,275
$1,900
Now
+ $700
$3,975
$2,075
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2004 Ford Mustang Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Car Financing
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Specifications

Dimensions, Weights & Capacities

Curb Weight
3204 lbs.
Fuel Capacity
15.7 gallons
Front Head Room
38.0 inches
Front Leg Room
42.6 inches
Max Seating Capacity
4
Overall Length
183.2 inches
Front Shoulder Room
53.6 inches
Trunk or Cargo Capacity
7.7 cu.ft.
Turning Diameter
37.1 feet
Wheel Base
101.3 inches
Width with mirrors
73.1 inches

Exterior

Alloy Wheels
Available
Number of Doors
2 doors
Rear Spoiler
Available

Fuel Economy

City
17 mpg
Highway
25 mpg
Combined
20 mpg

Mechanical

Drivetrain
RWD
Transmission Type
Automatic

Performance

Horsepower
193 @ 5500 RPM
Torque
225 @ 2800 rpm
Engine
V6, 3.8 Liter

Warranty

Basic
3 years / 36000 miles
Powertrain
3 years / 36000 miles
Corrosion
5 years / Unlimited miles

Entertainment

  • DVD Entertainment System
  • MP3 Player
  • CD Player

Interior

  • Power Windows
  • Tilt Steering Wheel

Seating

  • Leather Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Technology

  • Cruise Control
  • Hands Free Phone
  • Navigation System

2004 Ford Mustang Safety

Safety Features & Technology

  • Child Door Locks: Not available
  • Child Seat Anchors
  • Driver Airbag
  • Passenger Airbag
  • Rear Side Airbag
  • Front Side Airbag
Not Available

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
Front Side
2.0
Rear Side
3.0

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See Details
Price
$4,900
$5,150
$3,950
$4,925
KBB.com Rating
N/A
1.8
N/A
2.8
Consumer Rating
4.6
4.4
4.4
4.1
Fuel Economy
City 17/Hwy 25/Comb 20 MPG
City 34/Hwy 38/Comb 36 MPG
City 21/Hwy 30/Comb 24 MPG
City 19/Hwy 29/Comb 22 MPG
Fuel Type
Gas
Gas
Gas
Flexible Fuel
Seating Capacity4244
Basic Warranty
3 years or 36000 miles
4 years or 50000 miles
4 years or 50000 miles
3 years or 36000 miles
Horsepower
193 @ 5500 RPM
70 @ 5800 RPM
200 @ 5100 RPM
283 @ 6400 RPM
Engine
V6, 3.8 Liter
3-Cyl, 1.0 Liter
4-Cyl, Turbo, 2.0 Liter
V6, Flex Fuel, 3.6 Liter
Drivetrain
RWD
RWD
FWD
FWD

2004 Ford Mustang Rankings

More Ford Mustang News & Information

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Sean Tucker January 15, 2026
General
A 4-Door Mustang? Ford Looks Serious About This

Ford has applied to patent the name “Mach 4,” another hint that a 4-door Mustang sedan, teased last year, may be coming.

Sean Tucker March 05, 2025
General
Electric Mustang Mach-E Outsold Mustang in 2024

Ford’s Mustang Mach-E electric SUV outsold the traditional gas-powered Mustang in 2024.

Sean Tucker January 10, 2025

FAQs

Is 2004 a good year for a Ford Mustang?

Owners of the vehicle give it 4.6 out of 5 stars. To find out if the 2004 Mustang is the right car for you, check out the pros and cons, trims, specs and options at Kelley Blue Book.

Is the Ford Mustang 2004 a good vehicle?

Owners of the vehicle give it 4.6 out of 5 stars. To find out if the 2004 Mustang is the right car for you, check out the pros and cons, trims, specs and options at Kelley Blue Book.

What is the MPG for a 2004 Ford Mustang?

The 2004 Ford Mustang gets 17 mpg in the city and 25 mpg on the highway.
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