The 2011 Ford Mustang is a joy to drive but risky to own

The 2011 Mustang is fun to drive but maintenance costs can hurt

Few cars deliver summer fun for less than the 2011 Ford Mustang convertible. It offers unmistakable style, strong performance and the kind of open-air driving experience you can’t get from a compact sedan or crossover. But this muscle car comes with known issues that can quickly turn a great deal into an expensive mistake.

The Mustang has built its reputation on style and performance since it was first introduced in 1964. That original convertible helped launch the “pony car” class—affordable, rear-wheel-drive coupes with sporty looks and big engines. The 2011 edition stayed true to that heritage while updating everything from the chassis to the cabin.

At its core, the 2011 model was all about power. The base 3.7-litre all-aluminum V6 produced 305 horsepower—nearly double the output of the original Mustang V8. A 5.0-litre V8 delivered 412 horsepower in GT models, while the Shelby GT500 pushed past 500 horsepower for buyers who wanted serious speed.

All models came with a six-speed manual or a six-speed automatic transmission. The V6/manual combination could hit 100 km/h in about six seconds. But the MT-82 manual gearbox, common in this generation, drew criticism for stiff, notchy shifting and occasional gear lock-out. The automatic was smoother but used a torque converter—a known failure point as these cars age. Whether manual or automatic, the drivetrain needs close inspection.

Driving a Mustang convertible is more about experience than refinement. The car feels solid at speed, and the steering—while not surgically precise—offers reassuring weight. Acceleration is strong, even with the V6, and the car stays planted on the highway. Fuel economy is fair for the class, especially on long drives.

The soft top, operated by a power button after releasing two manual latches, folds in about 15 seconds. It’s lined, insulated and comes with a heated glass rear window. With the roof down, visibility and manoeuvrability improve.

With it up, rearward visibility is poor—a persistent owner complaint. Still, the convertible setup adds a lot of character and practicality for warm-weather driving.

The interior of the 2011 Mustang is a noticeable step up from earlier versions. Materials are better, the dashboard is cleanly laid out and controls are easy to reach. Standard equipment includes air conditioning, tilt steering, one-touch power windows, keyless entry and a speed-sensitive sound system.

An interior upgrade package added Ford’s Sync infotainment system, satellite radio and a powerful 500-watt stereo.

But like many cars from this era, electronics can be a headache. Ford’s MyTouch system was finicky when new and hasn’t aged well. Power window regulators, sensors and door handles have all been reported as common failure points. Suspension issues, including worn sway bar links and squeaky rear ends, are frequent in high-mileage cars. Rear-axle seal leaks and clutch problems are also common.

Transmission issues remain a top concern. The MT-82 manual gearbox in particular is a source of complaints, especially in cold weather. Automatic-equipped models are vulnerable to torque converter failures, leading to rough shifting and costly repairs. For any used Mustang, the condition of the drivetrain is critical.

Ownership experiences vary widely. One long-term owner reported: “Love this car from the first day… I have not had any major repairs going on 15 years now.” Another described costly transmission and suspension problems: “Just replaced the lead frame… torque converter is bad too… sway bar links replaced… bad squeak in the rear.” The difference usually comes down to how well the car was maintained.

Rear-wheel drive also limits year-round usability for many Canadian drivers. In snow and ice, the Mustang struggles without proper winter tires. Many owners store theirs during the winter months and use them only as seasonal vehicles.

Prices today are attractive. V6 convertibles generally sell in Canada between $12,000 and $18,000, depending on condition and mileage. GT models go for more, and the Shelby GT500 has entered collector territory, often priced over $40,000. That’s comparable to what you’d spend on a used compact sedan or SUV, but with far more personality and open-air fun.

Our verdict
The 2011 Ford Mustang convertible delivers honest driving enjoyment at a reasonable price but only if you choose carefully. A well-maintained example is a blast to own. Skip the inspection and you could be buying someone else’s repair bill.

| Auto Desk