Head gaskets and rod bearings went out at 100k miles. $4900.
Tie rods squeaked when turning slow. $400.
Air conditioning never worked since I bought it.
A few interior pieces have broken.
The airbag light came on when driving until the bulb burned out. I never got it fixed.
The standard V6 is pretty slow after its out of its limited power range.
The automatic transmission shifts smooth as silk when going slow and shifts rock solid when giving it gas.
The standard open rear differential isn't good in winter. I never got stuck with it though. It can be replaced with a Ford T-lock for added traction.
The seats and most of the interior looks brand new.
There are almost zero rattles/squeaks in the car.
I normally get 24mpg on the highway.
I have bought many GT upgrade parts like strut tower brace, fog lights, dual exhaust, and Gt rear end with T-lock to make it into a much better quality of a car.
In the last 29,000 miles I haven't had a single new problem develop. It's a great car. Mustang automatic transmissions are prone to going bad with abuse and I hope that mine won't go bad.
I own a 1994 Ford Mustang 2 door coupe 6 cylinder
I have had one consistent problem - Head gaskets
blow about every two years. I still have it, I love the car.