2001 Ford Mustang GT Premium 2 door Convertible

Learn about the Ford Mustang sports car. See the engine specifications, gas mileage, price, and MSRP. Research Ford GT Premium warranty features and Ford Credit lending options.

Looking for a Ford Mustang?

Find your perfect ride. Choose from thousands of vehicles. Your Mustang GT Premium may be waiting for you.

Home » Vehicles » 2001 Ford Mustang GT Premium 2 Door Convertible 4.6L 8-Cylinder 5M

The products and offers that appear on the website are from respective partners, companies, and third-party advertisers from which we receive compensation. This compensation may impact how and where products appear on this site including the order in which they appear. This site does not include all financial products or companies or all available product offers. Learn more about our partners and how we make money

About the 2001 Ford Mustang convertible

The 2001 Ford Mustang is manufactured under the Ford auto brand. It is categorized as a sports car and comes with a convertible body. This 2 door convertible has rear wheel drive with a 5-speed manual transmission. The Ford Mustang is primarily domestic from the country of United States. The Ford automobile line is a subsidiary auto producer held by Ford Motor Company.

Thinking about changing vehicles?

Looking for a new car? Check out Ford Mustang convertible listings. Browse extensive inventories to find the vehicle that is right for you!

2001 Ford Mustang GT Premium 2 Door Convertible 4.6L 8-Cylinder 5M 1

Introducing the 2001 Ford Mustang GT Premium

The Ford Mustang can be found in several trim levels and featured packages such as the 2001 Ford Mustang GT Premium 2 Door Convertible (4.6L 8-Cylinder 5M). This variation of the Mustang convertible features the GT Premium 2 door convertible with a 4.6L 8-cylinder 5M on the Ford Mustang platform. The Mustang GT Premium trim can feature automobile upgrade package deals depending upon the origin of the automobile and the time of production.

Ford Mustang GT Premium Price and MSRP

Interested in jumping into a 2001 Ford Mustang GT Premium? The initial MSRP is quoted at $28,135 and related Kelly Blue Book values are normally lower. Used vehicle values are calculated using the year, make, model, and qualities. Ford Mustang appraisals can increase beyond these value ranges because of things like increased consumer demand, reduced availability, and auto industry shortages. As an example in 2021, motor vehicle values and comparable motor vehicle equity increased due to chip inadequacies and supply chain restrictions. This brought on tension on the automotive market and older used prices reaching the price highs formerly just seen by brand-new automobile models.

MSRP: $28,135

Trim & Style: GT Premium 2 door convertible with a 4.6L 8-cylinder 5M

Made In: United States

Mustang GT Premium Performance Specifications and Engine

The performance specifications and abilities of your vehicle’s engine matter a lot. If you are pulling a load or enclosed trailer with a truck. The operation specs and capacities of your engine towing package matters a lot. Your brake horsepower and engine can lead to more bragging rights if you are taking your sports car out for a track day. On the other hand, if you are searching for a sedan to drive as a daily driver, you might not care what is under the hood so long as it is trustworthy and the engine runs well.

Ford Automobile Additional Details

The 2001 Ford Mustang might feature a few different performance packages and engine options. This specific Ford automobile is set up with the 4.6 gas engine with a rear wheel drive drivetrain.

Engine:Horsepower: 260
Doors: 2 doorTransmission: 5-speed manual
Drive Type: rear wheel driveFuel: regular unleaded
MSRP: $28,135Manufactured: United States
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
2001 Ford Mustang GT Premium 2 Door Convertible 4.6L 8-Cylinder 5M 2

Fuel Economy and MPG

Comprehending gas mileage and fuel usage are important aspects when it relates to shopping for a Ford Mustang. The true cost of the vehicle includes much more than the dealer price and includes the fuel expense. This is normally the next most costly element when it comes to motor vehicle ownership. The third most costly aspect is adhering to the suggested service schedule and carrying out preventive maintenance.

The U.S. Environmental Protection Agency or EPA gives estimations into gas mileage (MPG) and the amount of miles a vehicle can productively drive per a gallon of fuel required to operate on city streets and on the highway. MPG is dependent on Ford Mustang engine type, performance, operation elevation, and other things like aftermarket customizations, however it provides a great baseline for fuel consumption.

For the 2001 Ford Mustang, the EPA determines drivers will get around 16/23 MPG for operating the vehicle on city streets and while operating the vehicle on the highway. These valuations are different considering that city driving involves navigating local roadways, traffic lights, stop signs, and other things which make the Ford Mustang to stop and start more frequently. On the highway, the Ford Mustang’s engine and fuel efficiency can be extended, allowing them to achieve a better MPG ranking.

MPG Comparisons

Are you curious about comparing motor vehicle MPGs? Check to see how your existing car or truck compares to the fuel effectiveness of the 2001 Ford Mustang. This can be an important consideration in your vehicle buying process. Use the gas mileage comparison calculator below to see how many more miles you could drive and costs related to fuel. Can you save money by driving this Ford Mustang or will it cost you more gas money to drive?

MPG: 16/23 MPG (city/Highway)

Compare Other vehicle MPGs

Finance Your Mustang GT Premium

Finding financing for your 2001 Ford Mustang convertible can be a good way to drive the vehicle of your dreams while paying it off over several months by making monthly car payments. You often usually start the automobile shopping process by identifying the vehicle model you wish to buy. Calculate the amount you will need to get to finance the vehicle by calculating the difference between the out the door cost of your brand new Ford Mustang and the valuations of your down payment and any trade-in credit from your old car or truck.

This will give you the amount you will be required to finance your 2001 Ford Mustang. Consult loan providers to see quoted financing offers. These deals will often be based upon your credit bracket, consumer credit profile, and credit report. The next step involves getting the right loan provider. It is best to look at funding rates and terms from a couple of lenders (looking at deals with 3-4 loan providers is good). Double checking offers from competing lenders will help you find the best financing offer possible on your Ford automobile.

To round off your Mustang finance, you need to do a few things consisting of having a qualifying credit rating, meeting lending institution prerequisites, and meeting motor vehicle finance criteria. Before you apply, try to have a credit rating of over 600 (non-prime category) when trying to buy a recent model car. Credit scores in the 500s (subprime bracket) might be acceptable for slightly older used motor vehicle financing. This is very important since your score can directly impact your presented interest rate during the new car loan offering process.

Other loan provider requirements include making a certain level of income monthly and fulfilling residency conditions by living in a location the lending institution services for a specified period of time, like several months. In the non-prime credit bracket of 601 to 660 ratings, loan providers may require a regular monthly income of $1,600 to $2,000. Subprime lending institutions in the 501 to 600 credit history typically have comparable requirements. Your car or truck needs to fulfill general automobile finance requirements like being more recent than 10 years old and having less than 100,000 miles with positive vehicle equity.

Ford Mustang Refinancing

Refinance your Ford Mustang GT Premium convertible. Learn how you can save money by adjusting your current loan.

Find Ford Mustang Insurance

Learn about insurance and see coverage options for your Ford Mustang. Bundling your insurance can save you money.

About Ford Credit

Ford Credit is Ford’s internal monetary services division. They provide car buyers with lots of financing options if you are considering purchasing a more recent motor vehicle from a brand car dealership. The deals and incentives can include lending deals like 0% APR for 60 months and 6.9% stand alone APR for 84 months (based upon your down payment). Ford Credit can even supply lease offers and benefits like 10,500 annual miles for 39 months with a set dollar amount due at finalization.

Calculate Lending Options for Your Mustang GT Premium

It is essential to be aware of how much you can afford to pay for your new 2001 Ford Mustang. This is very important not merely for car budgeting when keeping track of your individual finances but also for comparing financing offers from different loan providers. Using a finance calculator is among the fastest methods to quickly see your estimated car payment.

What is the Monthly Payment to Buy a Ford Mustang GT Premium?

Ever wonder how much money it would cost to sign a car loan on a 2001 Ford Mustang? Here is some information you can use to start your research! The answer to the car payment estimate question depends on several numbers. The monthly auto payment on a Ford Mustang GT Premium is based upon your down payment amount, vehicle loan rate of interest, loan term, credit score, trade in-value, and similar details. Things like sales tax on the Mustang GT Premium also need to be taken into account. Because the manufacturer’s suggested retail price or MSRP is $28,135, a typical estimated car payment for a brand-new Mustang may be around $407.80.

This value can be predicted by using the MSRP and subtracting a 10% deposit with a vehicle loan lending rate of 5% over a 48 month term. Take note of how these aspects can fluctuate depending upon your quoted loan rates, annual percentage rate (or APR), and lending offers. Remember this amount is what it could cost if you bought the 2001 Ford Mustang “brand-new” based upon the MSRP. With older and used cars, there is a considerable probability the monthly automobile payment will be substantially varied. You can check alternative price quotes using varying percentages and numbers using a car payment calculator.

Estimated Monthly Payment


Involved Payment Factors

MSRP: $28,135
Down Payment: 10% (estimated payment)
Loan Interest Rate: 5% (average rate)
Car Loan Term: 72 months (varies by offer)

Note: This estimated payment does not include other factors and costs like sales tax which would normally be included in actual payment estimate.

Info About 2001 Ford Mustang Refinancing

Refinancing your Ford Mustang is also a choice to keep in mind after you have made several of your initial regular monthly car or truck payments. The primary loan providers you originally financed through frequently have rewards and deals which expire or are front-weighted. Special deals like cash back refunds and 0% APR financing discount rates might begin losing their efficiency or worth after 6 to 12 motor vehicle payments.

If your financial scenario has changed because you bought your Ford Mustang or if your original interest rate and term are no longer advantageous to you, consider refinancing. You can normally conserve money on your month-to-month car or truck payments by refinancing your car loan.

Ford Mustang Car Insurance

Maintaining an automotive insurance policy insurance for your Ford Mustang is essential. Picking out the ideal plan and coverage for you can help pay for expenses associated with vehicle crashes and collisions, automobile theft, and additional damage to your vehicle. Not only can your insurance policy help you repair the damage from an automotive crash or striking a stationary object, but holding valid insurance coverage is commonly a legal requirement to operate a vehicle on public roadways in most states and counties in the U.S.A. The most ideal car insurance plans include comprehensive collision coverage which helps you repair crash-related damage to your Ford convertible and pay for damage from other situations things like bad weather conditions, storms, fire, vandalism, and wild animal strikes on top of automobile accidents. Insurance coverage can additionally help you fix the 4.6L engine in your convertible as well as other mechanical components and parts. The amount you pay for the insurance protection can vary and is frequently based on the year of your vehicle. If you drive the 2001 GT Premium, this will be factored into your monthly insurance coverage payments. Find out more about insurance and secure your Ford Mustang GT Premium 2 door convertible with a 4.6L 8-cylinder 5M.

2001 Ford Mustang GT Premium 2 Door Convertible 4.6L 8-Cylinder 5M 3

Where to Purchase a Ford Mustang GT Premium

Shopping for the best motor vehicle can be tough. There are a great deal of factors to think of when it comes time to purchase a vehicle. For instance, you should choose the best make and model that matches your needs together with handling an auto payment that fits into your finances. There are a lot of choices in the market for checking out used and new motor vehicle inventory, so it can be hard to know where to begin your car purchasing journey. Carvana is one of the very best dealers to start buying a car or truck. Their big inventory, lending options, and trade-in policies can allow you to quickly change the automobile you have now for another one you prefer to drive. Learn how to purchase a car through Carvana.

Shop for a Ford Mustang

Mustang GT Premium Safety, Warranties, and Features

Warranty and Maintenance Coverage

When it comes to getting the finest care for your brand-new vehicle, we often think about branded factory warranties. These factory manufacturer’s warranties provide basic coverages like a restricted 3 year in duration or 36,000 mile bumper-to-bumper guarantee and a 5 year duration or 60,000 mile powertrain service warranty. These annual durations begin with the original purchase date to the first owner.

Supplementary factory automobile warranties are also readily available based on the car’s engine type. Brand-new cars or trucks with diesel engines can come with a factory 5 year or 100,000 mile powertrain warranty. Hybrid cars and electrically powered vehicles (EVs) can additionally come with unique coverage like a 8 year or 100,000 mile warranty.

There are also extended vehicle service plans (VSPs), Certified pre-owned (CPO) guarantees, and additional service warranty protection alternatives available outside of the manufacturers original factory plans. VSPs offer maintenance service plans with extra coverage for parts and components in the event that your car or truck has an explosive mechanical failure or breakdown. When buying a used car or truck, these are excellent choices to consider.

CPO service warranties commonly add coverage for additional years with a time and mileage limitation like 2 years or 80,000 miles on the automobile. Cars, trucks, and SUVs that come with CPO statuses receive an extensive pre-owned evaluation by licensed brand service technicians which includes extra warranty years. CPO automobiles generally have price points more than similar used autos , however, they can be worth it for coming with the security that the automobile you are buying is mechanically robust.

Other coverage options consist of pre-paid automobile maintenance programs from vehicle dealers. These plans include the components, services, and labor that belong to the recommended producer’s maintenance schedule. You will find these checks and associated mileages listed in the motor vehicle owner’s guide.

Info Regarding Mustang Warranties

Factory Warranty: A factory warranty is what you probably think of when it concerns a “motor vehicle warranty”. These sorts of service warranties most often are included with new vehicles and are among the most convenient and most budget-friendly approaches to take care of your vehicle– warranty wise given that the brand-new vehicle might cost more than a used one leading to less affordability. The factory service warranty is similar to a manufacturer’s warranty and is a commitment from the automaker. Under the guarantee coverage, the car manufacturer will change out any damaged parts and/or fix any damaged areas due to manufacturing defects, materials, and defective craftsmanship with no expense to you as the car owner. The guarantee makes sure the vehicle will be restored to excellent operating shape.

Drivetrain Warranty: A drivetrain warranty covers the parts, parts, and systems which move or “drive” the automobile forward. A drivetrain service warranty is also another term for a powertrain service warranty and may cover comparable elements depending on the manufacturer’s descriptions and service warranty terms.

Roadside Warranty: A roadside service warranty can help you when you are stranded or breakdown when traveling. This warranty for the Ford Mustang GT Premium consists of standard help services like towing, blowout fixing or replacement, dead battery aid and jumpstarts, lockout support, fluid and fuel delivery, and other comparable services. A roadside service warranty is similar to roadside assistance, however it is incorporated into the warranty with the brand-new car from the automaker and not an add-on product through insurance policies or a vehicle service plan (VSP).

Rust & Corrosion Warranty: A rust and corrosion warranty can help protect the body of the car. Car manufacturers include this warranty with new cars and trucks to help repair damage brought on by caustic liquids, compounds, and other road maintenance products. While motor vehicle bodies are formed using materials which have corrosion-resistance like aluminum, plastic, carbon fiber, and magnesium, parts of the car can still rust. For instance, substantial volumes of road deicers like salt or sodium chloride, calcium chloride, magnesium chloride, and similar compounds and elements can induce a motor vehicle’s body to rust. Other corrosive solutions like bleach and acid, can create rust if splashed on body panels.

Ford Mustang Factory Warranty Coverage

Factory Warranty: 3 years / 36,000 milesDrive Train Warranty: 3 years / 36,000 miles
Roadside Warranty: 3 years / 36,000 milesRust & Corrosion Warranty: 5 years / unlimited miles
Data comes from dealer network APIs but is not endorsed or certified by any dealer.

Ford Mustang GT Premium Manufacturer Specs

In order to create interest in a broader market of consumers who are interested in the 2001 Ford Mustang GT Premium, different trim levels are provided. A lot of car producers supply different alternatives for their automobiles. This includes Ford Motor Company who makes the Mustang model. These options can incorporate things like various paint colors, wheel sizes, or packages that consist of aspects like a sunroof or gps system. Supplying these options allows suppliers to appeal to diverse kinds of car buyers and also helps them to sell larger volumes of vehicles.

These options permit consumers to pick a car which satisfies their desires plus can include different functions that they may desire in their automobile. Some automobile makers might offer things like a selection of different engines, trim lines, as well as performance or sport packages to pick from, while others might provide different exterior colors or interior trim levels. The alternatives that are offered will vary across automakers, makes, and models, so do your research when you are looking for an automobile with certain features like heated seats or third occupant seats.

By taking the time to look into the various choices that are available in the vehicle market, you, as the customer, can ensure that you are getting exactly what you want in your new car. This convertible by Mustang comes outfitted from the vehicle producer with a number of standard setups and options. They include options like the front independent suspension,leather, sport front seats,1 one-touch power windows, remote keyless power door locks, heated mirrors, power mirrors,clock, tachometer,cruise control, front door pockets, power steering, remote trunk release, tilt-adjustable steering wheel,leather steering wheel, air conditioning, dual illuminating vanity mirrors, rear floor mats,460 watts stereo output, AM/FM in dash-CD stereo, multi-CD located in dash,power convertible roof, rear defogger, variable intermittent wipers,rear spoiler,alloy wheels, temporary spare tire, 17 x 8.0 inch wheels, alloy spare wheel, P245/45R Z tires, performancE tires,electronic brakeforce distribution, engine immobilizer, remote anti-theft alarm system, traction control, 4-wheel ABS, emergency interior trunk release, ventilated front disc/solid rear disc brakes, and other common features.

2001 Ford Mustang GT Premium 2 Door Convertible 4.6L 8-Cylinder 5M 4

Ford Mustang Questions

Have questions about the Ford Mustang GT Premium? Get answers to frequently asked questions. It is very important to do your research on the vehicle and research the specific details. Check out the motor vehicle specifications and understand how the car payment on your automobile can affect your finances. These FAQs can help you begin to understand the capabilities of the vehicle along with miles per gallon, weight, horsepower, and engine capabilities.

What is a Ford Mustang GT Premium?

The Ford Mustang is a vehicle line produced by Ford Motor Company. The GT Premium is a specific package of the Ford Mustang lineup. The vehicle is categorized as a sports car.

How much does a Ford Mustang GT Premium cost?

The Ford Mustang GT Premium costs around $28,135.

What is the car payment to buy a Ford Mustang GT Premium?

The monthly car payment on a Ford Mustang GT Premium depends on your down payment, car loan interest rate, term, credit score, trade in-value, and other factors. Things like sales tax on the Mustang GT Premium also need to be considered. Since the MSRP is $28,135, the average car payment for a new Mustang could be around $407.80. This can be estimated by using the MSRP minus a 10% down payment with a auto loan interest rate of 5% over a term of 48 months. Keep in mind these factors will vary depending on your qualifying loan rates and lending offers. You can check additional estimates with varying numbers by using a car payment calculator.

Can I lease a Ford Mustang GT Premium?

You may be able to lease a Ford Mustang GT Premium through an auto loan lender or financial institution.

Can I refinance my Ford Mustang GT Premium?

You may be able to refinance your Ford Mustang GT Premium depending on your credit score and financial situation. To learn more about lenders who offer vehicle refinancing and car loans, check out the best auto refinance companies.

Where can I buy a Ford Mustang GT Premium?

Try searching car dealers like Carvana for a Ford Mustang GT Premium. They often have good deals on recent vehicles and may also have a similar Ford Mustang in their inventory.

How far does the Ford Mustang GT Premium go on a single tank of gas?

The Ford Mustang GT Premium can usually travel around 251.2/361.1 miles miles on a full tank of gas. This range is dependent on driving conditions, vehicle maintenance, and other roadway factors.

Does the Ford Mustang have good gas mileage?

Ford Mustang gets an EPA estimated 16/23 MPG miles per gallon (MPG) on the city/highway roads. The combined MPG is 18 MPG. Understanding if this is a good gas mileage depends on what you are comparing the vehicle to. You can use our Gas Mileage Comparison calculator to see MPG estimates between vehicles with different MPG ratings along with destinations.

What kind of gas mileage does the Ford Mustang get?

The Ford Mustang gets 16/23 MPG (city/highway) MPG per the Environmental Protection Agency or EPA. The combined MPG rating is 18.

What type of gas does a Ford Mustang use?

The Ford Mustang uses the regular unleaded fuel type.

How much gas does the Ford Mustang gas tank hold?

The gas tank in the Ford Mustang holds 15.7 gallons of gas.

What type of vehicle is the Ford Mustang GT Premium?

The Ford Mustang with the GT Premium package is a sports car.

What is the towing capacity of a Ford Mustang?

The Ford Mustang has a towing capacity of pounds.

How much horsepower does a Ford Mustang have?

The Ford Mustang has a horsepower rating of 260HP.

What kind of engine does a Ford Mustang GT Premium have?

The Ford Mustang GT Premium comes with a 4.6L V8 5-speed manual engine.

What type of drivetrain does a Ford Mustang GT Premium have?

The Ford Mustang GT Premium features a rear wheel drive drivetrain.

What kind of transmission does a Ford Mustang come with?

The Ford Mustang GT Premium comes with a 5-speed manual transmission.

Where is the Ford Mustang made?

The Ford Mustang GT Premium is made in the United States by Ford Motor Company.

Is the Ford Mustang domestic or imported?

The Ford Mustang is a domestic vehicle.

What car company makes the Ford Mustang GT Premium?

The Ford Motor Company is the auto manufacturer which produces the Ford Mustang GT Premium.

How much does a Ford Mustang weigh?

The Ford Mustang GT Premium has a gross vehicle weight of pounds and a curb weight of 3,429 pounds. Learn more about how a vehicle is weighed.

What kind of warranty does the Ford Mustang come with?

The Ford Mustang GT Premium can come with a few warranties from the manufacturer including a 3 years / 36,000 miles drivetrain warranty, a 3 years / 36,000 miles roadside warranty, a 5 years / unlimited miles anti-rust warranty, and a maintenance program.

Related Vehicles

Ready To Start The Refinance Process?

Start by connecting with lenders**.