Ownership Cost for 1988 Ford Mustang (LX Convertible)
Estimated: $22010 over the next 5 years
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| Depreciation | $984 | $472 | $413 | $374 | $335 | $2578 |
| Insurance | $1451 | $1502 | $1554 | $1609 | $1665 | $7781 |
| Fuel | $1418 | $1461 | $1512 | $1572 | $1643 | $7606 |
| Maintenance | $347 | $253 | $137 | $225 | $1180 | $2142 |
| Repairs | $91 | $323 | $353 | $487 | $612 | $1866 |
| Taxes & Fees | $24 | $24 | $24 | $24 | $24 | $36 |
| Total Ownership Costs | $4316 | $4014 | $3973 | $4270 | $5438 | $22010 |
| Model year | COMPONENT | Complaint |
| 2011 | ENGINE AND ENGINE COOLING | HEADING UP A HILL AND HEARD A LOUD GRINDING SOUND. CAR STOPPED IN PLACE AND WOULD NOT GO ANYWHERE WHEN PRESSING ON THE GAS. TRIED PUTTING THE CAR IN REVERSE AND WOULD NOT MOVE AT ALL. ALSO TRIED PUTTING IN NEUTRAL AND IT STILL WOULD NOT MOVE. HAD CAR TOWED TO FORD DEALERSHIP AND THE SERVICE DEPARTMENT CHECKED THE CAR OUT AND STATED THAT THE TRANSMISSION "GRENADED" AS IT STATED ON THE WORK ORDER. I GOT TO SEE WHAT THE TRANSMISSION LOOKED LIKE. IT HAD PIECES OF METAL EVERYWHERE AND THE LONG BEARINGS WERE ALL SHATTERED INTO PIECES. A NEW TRANSMISSION WAS ORDERED AND PLACED IN THE CAR. *TR |
| 1988 | EXTERIOR LIGHTING:TURN SIGNAL | THE IGNITION SWITCH MALFUNCTIONED. CONSUMER RECEIVED RECALL 96V071000 CONCERNING IGNITION SWITCH FAILURE. DEALER PERFORMED RECALL REPAIRS, BUT PROBLEM REOCCURRED. ALSO, WHEN HEATER IS ON THE TURN SIGNALS ARE INOPERATIVE. PLEASE PROVIDE FURTHER INFORMATION. *AK |
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