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I drive a 1993 Mustang LX hatchback with 2.3l. It has 137 thousand miles on it, and still is running fine. Only problem is it's lack of acceleration, but you can go 100 mph on it even if the gauge only goes to 85. My auto transmission puked at 120 thousand miles. Still getting 21 MPG in the city.
Easy to work on, parts are everywhere, 2.3l engine was in a lot of mustangs, rangers, etc. Plus there is a huge aftermarket available. When I get a new vehicle next year, I might even keep this mustang and swap in a v8, because every v8 part will practially bolt right on. There are holes drilled into the frame for both 4 banger and v8 parts.
The second poster guy is wrong, because any used Mustang with a 5.0 is more likely abused than any 4-cylinder. While 4 cylinder's have to work harder for less performance, it's less likely the driver was trying to race with it. Don't let the 2nd poster scare you. Have any used car you're looking at purchasing giving the full 9 yard inspection by a mechanic you know and trust. The Mustang is a heavy body for 100 HP engine, but you can still move around just fine. With a 5 speed, you be a fast as most other stock 4 cylinder cars. Problem is, people think they can race you because youre in a mustang. You will definately notice the nice insurance rates versus a v8, however. Plus if you do like I plan in the future, to swap in a v8, you still be insured of the I-4's VIN#, which means 4 banger insurance rates, v8 performance.
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