Once a cult classic, 1979-1993 (“Fox” or “Foxbody”) Mustangs have reached full-blown collector status, with values to match. But you don’t have to be a trust fund baby to afford one—especially if you avoid the Fox Unicorns and Holy Grails. There are plenty of affordable 1980s Mustangs that are reasonable—even bargains—if you wander off the beaten path. As collectors fight over low-mile 1993 Cobra and Saleen Mustangs, some under-the-radar variations are ripe for picking at bargain basement prices. Making a few compromises can scratch that pony car itch while keeping more money in your wallet.
![5.0 Liter Ford Mustang LX Coupe]()
Back in the day, a 1987-1993 Mustang 5.0 LX coupe was the one to have. It packed the lineup’s powerful, durable, small-block V8 and 5-speed manual transmission into the stiffest, lightest Mustang chassis. The result was a pocket rocket that scooted from stoplight to stoplight quicker than just about everything else of the era. When small-block Chevy engines dominated aftermarket offerings, the popularity of the Fox Mustang released pent-up demand from the Ford faithful, and Ford speed part sales skyrocketed. The result is a double-whammy in the collector car market: nostalgic demand for “five liter coupes” and the scarcity of said coupes that were unmodified make these particular Fox Mustangs’ fetch values far above their peers.
So, what are your options if you’re looking for some Fox Mustang fun, but don’t have spare organs to sell? The further you stray from the five-liter, five speed coupe formula, the more affordable 1979-1993 Mustangs become. You can get that special Fox Mustang experience without breaking the bank by adopting one of the black sheep in the Fox Mustang family tree. Here are a few examples of affordable, eccentric Fox bodies that are rare, collectible, and still a bargain:
1979 Mustang Turbo Four Pace Car
![1979 Mustang Turbo Four Pace Car]()
Ford commemorated the new-for-1979 Mustang pacing that year’s Indianapolis 500 by offering a replica pace car package. Pace car replicas featured V8s or turbocharged four-cylinders under their hoods. Besides unique exterior paint and graphics, the interior featured Recaro seats, leather-wrapped steering wheel, and unique instrument panel. About 10,400 were made, with production about evenly split between turbo 4s and V8s.
1979-1986 Mercury Capri
![1979-1986 Mercury Capri]()
An often-overlooked Fox “Mustang” is the Mercury Capri. Mercury Capris were Fox Mustangs with mildly different body panels and different badging. Mechanically, they’re identical to Mustangs—which is perfect for those looking for something “different,” without paying a premium for the privilege. Capris featured some unique features, including flared fenders (though the overall body width remained the same) and optional “bubble back” rear hatch glass.
ASC McLaren Mustang and Capri
![ASC McLaren Mustang and Capri]()
American Sunroof Corporation (ASC) partnered with McLaren to produce a low-volume, specialized version of the Mustang and Capri for buyers wanting a higher level of style—while still being loyal to the blue oval. The result was a series of coupes and convertibles that—by no accident—brought German styling to the Fox chassis. With production numbers in the hundreds (not thousands), exclusivity is now available at affordable prices.
1984-1986 Mustang SVO
![1984-1986 Mustang SVO]()
Electronic fuel injection in production cars brought turbocharging to the masses. Automakers harnessed the ability to pack big power into small, lightweight engines for better fuel economy and attract customers attracted by high-tech transportation. The Mustang SVO was the result when Ford engineers were locked in a room and left to their own devices. The SVO was marketed as containing technology that trickled down from Ford’s contemporary sports car racing programs. The Mustang SVO featured a 2.3-liter turbocharged engine, unique suspension, four-wheel disc brakes (a first for Mustang), five-lug wheels, unique aerodynamics, and driver-focused interior. The SVO’s relatively high retail price and American preference for hairy-chested V8 grunt made the SVO more of a nerdy oddity than a sales smash. That continues with the collector car market as well. The sheer number of unique parts on the SVO make basic replacement parts (such as front ball joints) difficult to find, and often require retrofitting parts from more common V8 counterparts. The result is SVOs are affordable but require resourcefulness to restore and maintain.
1984 Mustang G.T. 350
![1984 Mustang G.T. 350]()
Don’t let the name fool you: these weren’t “Shelbys,” though ol’ Shel likely kept Fords lawyers busy anyway. Ford decided (apparently at the last minute) to commemorate the Mustang’s 20th anniversary with a special styling package for 1984. Mustangs. G.T. 350s were mechanically the same as other Mustangs, and were powered by V8s or 4-cylinder turbos, with only 5,261 cars produced.
While the big money chases a few Fox Mustangs, the rest of these examples have flown under the radar…which makes them excellent prospects for entry-level collectors and enthusiasts.