When Ford released the Fox-Body Mustang in 1979, it planned on replacing it by the mid-1980s. However, the buying public had other ideas, with the platform soldiering on successfully until 1993. It was showing its age by that stage, but it still offered buyers an engaging driving experience and excellent performance. Hailing from the second-last year of production, this 1992 Mustang GT presents well, although the interior condition could prove its highlight. It is an original survivor that is ready for some classic motoring enjoyment. Located in Bettendorf, Iowa, you will find the GT listed for sale here on eBay. The bidding has raced past the reserve and sits at $19,500.

The seller purchased this Oxford White Mustang around five years ago and uses it for weekend outings and car shows. It presents well for its age, but the seller candidly admits it is not perfect. However, it is an original ad unmolested survivor, and this factor should prove beneficial if potential buyers consider it as a long-term investment. The paint shines well, with no apparent flaws or defects. It cloaks panels that are as straight as an arrow. The is no evidence of significant bruises, marks, or prior accident repairs. It remains rust-free, and the underside is about as clean as you could hope to find on any classic of this vintage. There is the occasional spot of surface corrosion, but nothing that is threatening to make that leap into the world of penetrating rust. The aerodynamic additions that are an integral part of the GT package look good, with the damage-prone lower edge of the front spoiler exhibiting little beyond a few minor stone chips. A factory sunroof adds to the Mustang’s appeal, while the alloy wheels look excellent.

Powering the Mustang is the venerable 5.0-liter fuel injected “HO” V8 that should produce 225hp. The pony’s ponies find their way to the rear wheels via a five-speed manual transmission, with this combination allowing the car to cover the ¼ mile in 14.9 seconds. If the driver keeps the pedal to the metal, the GT will run out of breath at around 140mph. Those figures remain respectable in today’s market, but they were a breath of fresh air in 1992. They proved welcome following the disappointments of the 1970s and early 1980s. That was an era when power outputs were depressingly low, and ¼-mile ETs could be measured with a sundial. The listing quotes an odometer reading of 34,000 miles, but the seller doesn’t indicate whether this reading is accurate. It may have rolled over, but the vehicle’s condition would suggest that is not the case. They say it runs and drives well and remains completely original. If the buyer seeks a turnkey classic, this looks like it would be a strong contender.

If I were pressed to pick a highlight of this Mustang, its interior condition would be a strong contender. These cars developed a reputation for wear on the cloth seat upholstery, especially on the outer bolsters. Plastics could also discolor or crack as age and UV rays took their toll. However, none of those problems have afflicted this classic. It is a sea of Red, and its condition is well above average. The front seats look excellent, while the back seat looks like it has seen little use. The remaining upholstered surfaces show no wear or physical damage, while the dash, console, and carpet are spotless. The most impressive aspect is the rear cargo area. Luggage and other items can float around that area during travel, scuffing the carpet and damaging the plastic. In this case, that hasn’t happened, suggesting this Mustang has been treated with respect. Equipment levels are all you might expect in a vehicle of this type and age. The buyer receives air conditioning, a driver’s airbag, power windows, power locks, power mirrors, a power lumbar support, cruise control, a leather-wrapped wheel, and an AM/FM radio/cassette player.

By 1992, time was catching up with the Third Generation Mustang. Sales figures reflected this, with that model year representing the lowest total since the original Mustang hit the showroom with great fanfare in 1964. Although a figure of 73,200 cars was hardly disastrous, it represented a 19% drop over the previous year. After fourteen years in the new car market, the Fox-Body had a single year left before Ford would place that pony out to pasture. Today, later examples of the GT remain highly prized, and the bidding on this car has reached around the level that we might expect given its overall condition. It could creep slightly higher as the auction draws to its conclusion, and with values continuing to soar, it might represent an investment offering a better return than stocks or shares. The advantage it has is that staring at a shares certificate will rarely cause an owner excitement, but slipping behind the wheel of this GT should. That sounds like a winning formula to me.