Ford Mustang Buying Guide: S197 vs S550 vs S650

Modern Mustang buying guide. Which generation offers the best value and driving experience?

buying-guide american

The Ford Mustang has evolved through seven generations since 1964, each reflecting its era's design and engineering philosophy. From the original pony car to the modern S650, the Mustang remains an icon of American performance.\n\nThis guide covers the modern Mustang generations most relevant to today's buyers.

Modern Mustang Generations\n\n### SN95 (1994-2004)\n\nFourth Generation - Return to retro styling with modern engineering.\n\n- Engines: 3.8L V6, 4.6L Modular V8\n- Power: 145-320hp (Cobra R)\n- Price today: $5,000-$20,000\n- Best for: Budget builds, drift cars, V8 swaps\n\n### S197 (2005-2014)\n\nFifth Generation - Retro-modern design, improved chassis.\n\n- Engines: 4.0L V6, 4.6L/5.0L V8, 5.4L supercharged (GT500)\n- Power: 210-662hp\n- Price today: $12,000-$40,000\n- Best for: GT500 performance, Coyote 5.0 value\n\n### S550 (2015-2023)\n\nSixth Generation - Independent rear suspension, global platform.\n\n- Engines: 2.3L EcoBoost, 5.0L Coyote V8, 5.2L Voodoo/Predator\n- Power: 310-760hp\n- Price today: $25,000-$80,000\n- Best for: Modern performance, GT350/GT500 collectors\n\n### S650 (2024-Present)\n\nSeventh Generation - Evolution of S550 with updated styling and tech.\n\n- Engines: 2.3L EcoBoost, 5.0L Coyote (Dark Horse: 500hp)\n- Power: 315-500hp\n- Price today: $32,000-$60,000\n- Best for: New car buyers, Dark Horse enthusiasts

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Final Thoughts

The modern Mustang offers something for every budget and driving style. Whether you want an affordable SN95 project or a 760hp GT500, the Mustang delivers American V8 performance.