Gateway Classic Cars of Dallas is excited to offer this
exceptionally desirable 1987 Ford Mustang GT 5.0 Convertible, an
outstanding low-mile example of one of Ford's most iconic
performance cars of the 1980s. Showing just 24,000 miles, this
Mustang combines the legendary 5.0-liter High Output V8 with a
5-speed manual transmission, Traction-Lok rear axle, classic GT
styling, cold-blowing air conditioning, and an impressive
collection of original documentation. Finished in Black with silver
lower accents and the unmistakable red GT bodyside stripe, this is
the kind of Fox-body Mustang that instantly takes you back to the
golden era of American performance.
Under the hood is Ford's legendary 302 cubic-inch 5.0-liter High
Output V8, factory rated at 225 horsepower and 300 lb-ft of torque.
The 5.0 became synonymous with the Fox-body Mustang and helped
establish the GT as one of America's most recognizable performance
cars. Power is delivered through the desirable 5-speed manual
transmission to the rear wheels, backed by a Traction-Lok rear
axle. For enthusiasts, the combination of 5.0 V8 power and a manual
transmission is exactly what makes these Mustangs so special.
The exterior wears the unmistakable GT-specific styling in Black
with silver lower accents and the iconic red bodyside stripe. The
combination gives this Mustang an unmistakable late-1980s
performance presence. Additional features include the black
convertible soft top, GT fog lights, fixed antenna, rear luggage
rack, and 15-inch alloy wheels. The overall presentation captures
the character of the Fox-body GT while maintaining the classic
appearance that has made these cars increasingly collectible.
The 15-inch alloy wheels are wrapped in 225/60 BFGoodrich Radial
T/A tires, providing a classic period-correct look and stance. The
GT's Handling Suspension Package features variable-rate springs and
the Quadra-Shock rear setup, while power-assisted rack-and-pinion
steering and power-assisted front disc brakes round out the
performance-oriented package.
Inside, the Mustang features a Medium Gray leather interior with
articulated front sport seats, power lumbar support, and a matching
rear bench. The driver-focused cockpit is centered around the
factory two-spoke steering wheel and instrument cluster, featuring
an 85-mph speedometer, tachometer with a 5,800-rpm redline, and
gauges for coolant temperature, oil pressure, voltage, and fuel
level. A Hurst shifter adds an unmistakable performance touch and
complements the 5-speed manual transmission.
This Mustang was exceptionally well equipped from the factory. It
was ordered with more than $2,000 in optional equipment, including
the Custom Equipment Group and Special Value Group, adding
desirable features such as an AM/FM/cassette stereo, cruise
control, power windows, and power door locks. Additional equipment
includes air conditioning, the Light Group, Luxury Sound Package,
and power accessories. Best of all, the air conditioning blows
cold, making this Fox-body just as enjoyable for Texas cruising as
it is for weekend car shows.
Perhaps one of this Mustang's greatest attributes is its incredibly
low 24,000-mile showing. Approximately 300 miles were added by the
most recent owner after acquiring the car in 2025, leaving this GT
with remarkably low mileage for a nearly 40-year-old performance
car.
The documentation package is another standout feature and adds
significant collector appeal. Included with the Mustang are the
original window sticker, build sheet, owner's manual, and clean
Carfax report. The original window sticker documents the car's
delivery to McCotter Ford of Titusville, Florida, along with its
factory colors, equipment, and original total price of $18,237.
Having the original window sticker and build documentation provides
a valuable snapshot of exactly how this Mustang was configured when
it left Ford, while the owner's manual and supporting history help
complete the story.
For collectors, documentation like this matters. A low-mile
Fox-body GT is desirable on its own, but a low-mile example
accompanied by its original factory documentation gives the next
owner considerably more information about the car's history and
original specification. It is the kind of detail that separates an
interesting old Mustang from a genuinely well-documented example of
an iconic model.
The 1987 model year represents an important chapter in Fox-body
Mustang history, combining the updated GT styling with Ford's
legendary 5.0 High Output V8. These cars helped define the American
performance-car scene throughout the 1980s and early 1990s, and
today the best-preserved examples are increasingly sought after by
enthusiasts and collectors.
With its 24,000-mile showing, 5.0 High Output V8, 5-speed manual
transmission, Traction-Lok rear axle, GT suspension, leather sport
interior, cold A/C, black convertible top, classic Black and Silver
GT appearance, original window sticker, build sheet, owner's
manual, and supporting documentation, this Mustang offers an
exceptional combination of performance, nostalgia, usability, and
collector appeal.
Whether you're a lifelong Fox-body Mustang enthusiast, a collector
of 1980s performance cars, or simply looking for an exciting
classic that you can enjoy from behind the wheel, this 1987 Mustang
GT 5.0 Convertible is an opportunity worth taking seriously. Drop
the top, row through the gears, turn on the cold A/C, and enjoy the
unmistakable character of Ford's legendary 5.0-liter Mustang.
For more information or to schedule a viewing, contact Gateway
Classic Cars of Dallas today. 817-310-9400
[email protected].
