The 2000 Ford Mustang: Reliable and Affordable

The 2000 Ford Mustang may seem out-of-date, but this powerful throwback is a classic. Read on to learn more about why the 2000 Mustang could be a good buy today.
Written by Hannah DeWitt
Reviewed by Kathleen Flear
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If you're looking for a cool pre-owned sports car that costs less than $5,000, the 2000
Ford
Mustang is not only affordable but reliable. Need more information? Not to worry,
Jerry
has everything you need to know about the 2000 Ford Mustang, including some enticing reasons for you to get one.

Specs on the 2000 Ford Mustang 

According to
Kelley Blue Book
(KBB), Ford completely redesigned and re-engineered the Mustang in 1999. It received improvements to every single system hidden underneath its new body. Nevertheless, the 2000 Mustang kept all the best traits that made the original pony car so popular.
The 2000 model year Mustang offers substantially more power than prior model years. The base trim is powered by a 190-horsepower 3.8-liter V6 engine that provides 220 lb-ft of torque. If you require more power, the GT offers a 4.6-liter V8 engine. That will get you 260 hp and 302 lb-ft of torque. Both trims are paired with a five-speed manual transmission.
The limited-edition 2000 SVT Mustang Cobra and Cobra convertible trims are powered by a 385 hp double OHC engine. It produces 385 lb-ft of torque and is paired with a six-speed manual transmission. If you don't think it's a beast, then you're a tough customer and you may want to consider a supercar instead.
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How does the 2000 Ford Mustang compare to other models?

It goes without saying that the 2000 Ford Mustang has changed a lot over the years. Among some of the most significant changes is the technology that goes into the car. Back in 2000, CD players were still the biggest thing since sliced bread.
Today, those CDs have been replaced by Android Auto and Apple Carplay. Of course, you can also use Bluetooth to play music from your smartphone—hence the disappearance of the CD player. On top of that, there have been so many technology upgrades since 2000, we couldn't list them all here.
In addition to that, there’s now the Ford Mustang Mach-E electric SUV and the Mustang Coupe that offer a brand new Ice White Package.
The base 2022 Mustang offers a lot more horsepower than the 2000 base model, as well as better fuel economy. The newest base Mustang is powered by a four-cylinder 2.3-liter turbo EcoBoost engine. Compared to the 190-horsepower 3.8-liter V6 in the 2000 model, the smaller, more economical 2022 engine provides 310 hp and 350 lb-ft of torque.

The 2000 Mustang's cost of ownership, including insurance

If you're looking for a 2000 Ford Mustang with some real performance, you should really consider the Cobra edition. However, you can expect to pay a minimum of $28,200 for the fastback and $32,200 for the convertible, according to
HotCars
. Nonetheless, other websites quote prices as high as $81,000.
The best thing to do when buying a popular pre-owned sports car is to do a lot of research. There will likely be a lot of sellers trying to sell the higher trim models for more than their actual KBB Value. 
KBB's "Fair Purchase Price" for a 2000 Mustang is between $3,626 and $4,647. Its Fair Purchase Price for trims like the GT Coupe 2D is around $6,500. According to KBB, the original base MSRP was around $16,700, while the GT cost a little over $21,200 on average.
Car insurance rates for a 2000 Ford Mustang may vary depending on several things: your age, your driving history, your location, among other things. Nevertheless, you can expect the kinds of coverage to be relatively the same. The only differences may be found in specific portions of the policy.
As of the start of 2022, the average cost of insurance for a 2000 Mustang was over $170 a month or around $2,100 annually. That's if you purchase a  model that's not souped-up, like the Cobra or the even faster supercharged Roush edition.

Find quick savings on insurance with Jerry

Whether you're planning on buying a pre-owned Ford Mustang or a brand new model,
Jerry
can help you find the best vehicle insurance rates out there. A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies and buying new car insurance. Jerry will even help you cancel your old policy.
And to ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price.
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