Ford is set to release the 2024 Mustang GT, one of the best performance cars you can daily-drive. But if you’re looking for a used model, check out a 10-year-old 2014 Ford Mustang GT. Here’s a guide to what this model year offers, how much you might pay for it used, and some common problems owners have reported. 

2014 Mustang GT price range for used models

When the 2014 Ford Mustang GT was new, you could buy a coupe for about $37,000. The convertible cost just over $47,500 to start, according to MotorTrend. 

However, what you ultimately pay for a used model depends on a few factors. The first involves the used car price jump we’ve seen in the past few years. Automakers have endured a supply chain crisis on certain parts, halting the production of many popular models. So with fewer new vehicles, consumers turned to used cars, creating a price explosion. 

However, prices are finally dipping, and you can find a used 2014 Mustang GT in decent condition and average mileage for around $18,800. Even a model in fair condition can fetch around $20,000, a bargain for a high-performance car. 

Specs and features

The rear-wheel-drive 2014 Ford Mustang GT is known for its 5.0-liter V8 engine, harnessing 420 hp and 390 lb-ft of torque. Buyers could opt for a six-speed manual or a six-speed automatic transmission. Either way, the 2014 Mustang GT could zoom from 0 to 60 mph in 4.8 seconds. 

The Premium trim on the convertible boasted high-end amenities and options. They included a new ruby-red exterior paint, an eight-speaker stereo, a navigation system, heated leather seats, dual-zone climate control, and HD Radio. 

Notable features on the coupe include four-wheel disc brakes, 18-inch aluminum wheels, gas-pressurized shock absorbers, an eight-way adjustable driver’s seat, remote keyless entry, an outside temperature gauge, and an AdvanceTrac Electronic Stability Control.

Common 2014 Ford Mustang GT problems

A few 2014 Ford Mustang GT problems have frustrated owners. The first concerns the air-conditioning fan, which could change speed randomly due to a malfunctioning speed control unit. Fixing it is relatively inexpensive, especially if you perform the repair yourself. You can find the part behind the glovebox.

Another problem reported by 2014 Mustang GT owners is loose or worn inner tire rods. It’s visible in premature tire wear or audible with a rattle or clunk from the wheels. Replacing the worn tire rod costs $81 to $132, RepairPal reports.

The third common issue is a rough idle or stalling. It’s caused by leaking intake manifold gaskets, allowing more air into the engine than the fuel can handle when starting or operating the car. The problem typically appears around 46,000 miles. However, this problem is more common in the V6 Mustangs.

Also, rust and paint issues can show up around 100,000 miles, especially on the hood. Paint could blister and flake, leaving the metal exterior exposed to the elements, where moisture could cause rust.

Despite those problems, the 2014 Mustang GT offers supreme performance at a relatively affordable price.