What's it Worth? 1989 LX 5.0 Coupe

cw319

New Member
May 31, 2020
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I'm looking at a 1989 coupe with only 27,000 miles (verified). It's a 5 spd with 3.08 gears and pretty much all original, with the only mods being Flowmaster mufflers and an a/c upgrade to R134a, plus window tint. There is no rust. The paint is original but far from perfect with chips. The rear window trim has the usual discoloration starting. Overall I'd rate the exterior as fair. The interior is pretty much in perfect condition but has an annoying squeak/rattle somewhere around the seatbelt anchor area when driving.

The seller is looking for $21K. Is this crazy for an original, survivor status car or should I jump on it ? I have no intention of modifying it and am looking at an occasional driver to Mustang gatherings and as a potential investment for down the road. I know the value of these keep going up.

I appreciate your constructive thoughts.
 

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Mstng93SSP

You have a nice rear end there Dave.
15 Year Member
Nov 29, 1999
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In the pictures posted it looks like a decent car. 21k? I'm not sure about that. How does the engine bay look? The undercarriage doesn't looks as clean as I would prefer if I was spending that kind of money on a car. I think the price is high in my opinion.

Chris
 

cw319

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May 31, 2020
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In the pictures posted it looks like a decent car. 21k? I'm not sure about that. How does the engine bay look? The undercarriage doesn't looks as clean as I would prefer if I was spending that kind of money on a car. I think the price is high in my opinion.

Chris
Here's the engine. It's clean.
 

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Mustang5L5

Put lubricant all over the balls
Mod Dude
Feb 18, 2001
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It's a top dollar car for sure, but not sure about $21K. The reason would be is the combo desirable. I don't think we are at the point where these cars are rare enough that you jump on anyone for sale.

The negatives on this car are that it's an early model aero with the 4-cyl base seats, and the blue interior. WHile not red, it was never a desireable interior. Put this car in a lineup with 4-5 identical mileage and condition coupes that are all later model, with pony wheels, grey tweed interior, and a different exterior color. I would bet this one would be the last to sell.

I would put it at $15-18K.
 

Boostedpimp

15 Year Member
May 8, 2003
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That's a clean car for sure... and that 7N dark shadow metallic blue color is really sharp in person but 21k price tag is a tad higher than I would consider right now. I would try to knock a few grand off of that price