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1998 Ford Mustang Parts Diagram

For more than 50 years, the Ford Mustang has been a hit with automobile enthusiasts and collectors who appreciate the car's distinctive style. If you're thinking of buying a classic Ford Mustang, it helps to understand how the car evolved over time and what makes old Ford Mustangs stand out.

Restored vs. Project Car

One of the first decisions you have to make before buying a classic Mustang is whether you want a restored or project car. A restored car is a good option if you want a vehicle you can drive immediately or if you don't have the time or skill to restore it yourself. You'll pay more for the vehicle, especially if it's been restored to match the original factory specifications.

Project cars are fun for people who enjoy working on cars and want to see the transformation from start to finish. Not only does the project give you a chance to put your mechanical skills to use, but it also gives you complete control over the restoration process. You won't find any surprises hiding under a shiny paint job.

Since its debut, the Ford Mustang has been a two-door car with a sporty design. Depending on the model year, the car is available in coupe, convertible and fastback styles. Coupes tend to cost less than convertibles and fastbacks, making them a good option if you're looking for a budget-friendly model. Fastbacks and convertibles tend to be the more popular models.

Generations

The shape, size and style of the Mustang has changed over time, and each generation has its own set of fans. First-generation Mustangs, produced from 1964 to 1973, remain some of the more popular models with collectors. Although often considered the less popular models, second-generation Mustangs have a distinctive design and ushered in the Cobra model.

Known as the Fox Body era, the third generation Mustang ran from 1983 to 1994. Cars and parts from this generation are relatively easy to find and are affordable compared to first-generation models, making them a good car for beginning collectors. Ford restyled the Mustang in 1994 and introduced the fourth generation of the car. The fifth generation debuted in 2005, and the sixth generation appeared in 2013.

Special Edition Mustangs

Ford produced several special edition Mustangs, beginning with the 1965 Indianapolis 500 Pace Car model. What makes the special edition cars different from the showroom models varies, but it can include a different paint job, engine, interior or trim package. Some of the best-known and valuable special edition models include the Mach I produced from 1969 to 1971, the California Special, the Boss 302, Cobra Mustangs and Shelby Mustangs. Be prepared to pay more for these models.

Ford Mustang Buying Tips

When shopping for a Ford Mustang, look for one with good "bones." The body should be straight with panels that line up. Check under the car for signs of previous accidents. Wrinkled floor panels and seams in the frame indicate severe damage that can make the car unsafe to drive. Avoid cars with visible rust and filler in the quarter panels or doors. Spend some time looking at Mustangs in different stages of restoration to develop your understanding of how they're built.

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