Sell your 2002 Ford Mustang for cash

The 2002 Ford Mustang is a small car that came with a choice of 3.8L 6-cyl and 4.6L 8-cyl engines. At 24 years old, many are reaching the point where repairs cost more than the car is worth. Running or not, we'll make you an offer and tow it away for free.

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2002 Ford Mustang at a glance

Body styleSubcompact Cars
Engines3.8L 6-cyl, 4.6L 8-cyl
TransmissionsAutomatic 4-spd, Manual 5-spd
DriveRear-Wheel Drive
FuelRegular Gasoline
Fuel economy16–17 city / 22–27 highway / 18–21 combined MPG
EPA annual fuel cost$3,200–$3,700 a year (EPA estimate at current fuel prices, 15,000 miles)
Tailpipe CO₂423–494 grams per mile
Versions tested by EPA4 configurations
Age24 years

Specs, fuel cost and emissions from the EPA's fueleconomy.gov data. Your car's exact equipment may differ.

What affects its junk value

  • Age: at 24 years old, most of a 2002 Mustang's value comes from reusable parts and scrap metal, not resale.
  • Weight: as a small car, it weighs less than a truck or SUV, so its value leans more on parts than on scrap weight. See how scrap prices by weight work.
  • Catalytic converter: like all gas and diesel cars, it has a catalytic converter containing precious metals, one of the most valuable parts on a junk car. An offer assumes it's still in place. More on catalytic converters.
  • Known problems: owners reported the most issues with the air bags, typically around 27,000 miles. If that's what failed on yours, it can still be sold as-is.

How junk car offers are calculated

2002 Ford Mustang recalls

NHTSA lists no recalls for the 2002 Ford Mustang. You can confirm with your VIN at nhtsa.gov/recalls.

Common 2002 Mustang problems

Owners have filed 118 complaints about the 2002 Ford Mustang with NHTSA. 19 reports involved a crash and 6 reports involved a fire. Owners reported 11 injuries.

Complaints are reports from owners and aren't verified by NHTSA. One complaint can list several components. Mileage is the median odometer reading owners reported for that component.

Most-reported components

  • Air Bags12
  • Vehicle Speed Control10
  • Engine and Engine Cooling9
  • Air Bags7
  • Seat Belts7
  • Suspension5

Typical mileage when problems were reported

  • Air Bags27,000 mi
  • Vehicle Speed Control31,000 mi
  • Engine and Engine Cooling45,000 mi
  • Air Bags115,000 mi
  • Seat Belts83,000 mi
  • Suspension7,000 mi

2002 Ford Mustang service bulletins

Manufacturers have filed 72 technical service bulletins and communications with NHTSA covering the 2002 Ford Mustang. These are repair instructions for known issues, not recalls.

Most common bulletin topics

  • Engine and Engine Cooling11
  • Engine and Engine Cooling7
  • Electrical System5
  • Power Train4
  • Structure4
  • Unknown or Other4

Recent bulletins

  • Service Bulletin/Repair InstructionsOct 2007 · 07212

    Some 1997-2008 vehicles equipped with a 4.6l 2v, 5.4l 2v, or 6.8l 2v engine--spark plug thread repair procedure--not covered under new vehicle limited warranty. *nj this

  • Service Bulletin/Repair InstructionsJan 2006 · 06216

    Limited slip axle chatter, shudder, binding sensation, or vibration during low speed turning maneuvers. *tt

  • Service Bulletin/Repair InstructionsNov 2005 · 041601

    Wds cop kit diagnostic tip - coil on plug (cop) ignition systems - engine misfire or rough running. *tt

  • Service Bulletin/Repair InstructionsJun 2005 · 042421

    Safety belt retraction speed. *tt

Source: NHTSA manufacturer communications (technical service bulletins).

NHTSA defect investigations

NHTSA opened 1 defect investigation covering the 2002 Ford Mustang.

Engine and Engine CoolingDP05005 · opened Sep 2005, closed Jan 2006

Spark plug ejection from cylinder head

On september 6, 2005, odi received a petition requesting that the agency investigate allegations of engine spark plug ejection in certain model year 1997 through 2004 Ford vehicles with triton v-8 and v-10 engines.odi received a total of 474 non-duplicative complaints on the subject vehicles where the complainant, or t

Selling a 2002 Mustang: questions

How much is a 2002 Ford Mustang worth for junk?

It depends on its condition, whether major parts like the engine, transmission and catalytic converter are still there, and current scrap and parts prices where you live. Its parts make up much of its value. Enter your ZIP code above for a free offer on your specific car.

Can I junk a 2002 Mustang that doesn't run?

Yes. We buy 2002 Mustangs that don't start, were in an accident, failed inspection or have a blown engine or transmission. Towing is always free.

What paperwork do I need to sell my 2002 Mustang?

Usually the title and a photo ID. Rules differ by state, including what to do with your plates and whether to file a notice of sale. Check our state-by-state car title guides for the official forms.

Sources

Data retrieved October 2026.

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