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Few cars capture the optimism of the late-'90s American sports car quite like a Mustang GT convertible with the top down, and Hagerty Marketplace is currently hosting an exceptionally clean example: a Laser Red 1998 Ford Mustang GT with a five-speed manual and just 15,500 miles on the odometer. The no-nonsense, enthusiast-spec drop-top is part of The RADwood Collection, and bidding is open through Tuesday, October 27 at 2:15 PM EDT.
By 1998, the SN95 Mustang had settled into its stride. Ford launched the generation for 1994 with rounded styling that still nodded to the classics, including the side scoops and tri-bar taillights. In 1996 the GT swapped the long-running 5.0L pushrod V8 for the 4.6L single-overhead-cam modular V8, and by '98 it was rated at 225 horsepower and 290 lb-ft of torque. This was also the final model year for the original SN95 body before the New Edge restyle arrived for 1999, which makes it a natural bookend for collectors.
Laser Red, Saddle Leather, and a Third Pedal
This Mustang wears Laser Red Metallic over a Saddle leather interior, topped with a tan power-operated convertible top and riding on 17-inch five-spoke alloy wheels. Power comes from the 4.6L V8, sent to the rear wheels through a five-speed manual, the combination that makes these cars so much more engaging than their automatic siblings.
The equipment list covers what a GT buyer expected in the era: dual exhaust, four-wheel disc brakes, power rack-and-pinion steering, a GT-tuned suspension with front and rear stabilizer bars, a rear decklid spoiler, fog lights, sport bucket seats, power windows, locks and mirrors, air conditioning, and cruise control.
California Car, Low Miles, Clear Paperwork
The car has been California-registered since new and comes with a clean California title and a CARFAX Vehicle History Report. The current owner acquired it in September 2023, and the listing notes a coolant flush and an oil and filter change that August. The dealer is also upfront about condition, noting touched-up paint on the front of the hood and the passenger-side front fender and a CARFAX-reported accident from the mid-2000s, with a full photo gallery of 65 images available so bidders can judge for themselves.
That transparency is a big part of the appeal. Low-mile, manual-transmission Mustangs from this era are getting harder to find, and a drop-top with fewer than 16,000 miles is the kind of weekend cruiser that is easy to enjoy and easy to justify. If you like your Fox-body-adjacent muscle with a little more refinement, it is a great alternative to the pricey classics, such as the Grabber Blue 1970 Boss 429 or the Cobra Jet Eleanor tribute we have featured recently.
See It in Person at RADwood
The Mustang will be available for public preview at RADwood on Saturday, October 24, 2026, from 4:00 to 8:00 PM at the Hagerty tent at the Gold Bar Hangar. Admission is free, and details are available at RADwood.com. Bidding started modestly, with the high bid at $1,000 across three bids as of this writing, so there is plenty of time left for the action to heat up.
The car is located in Oakland, California, and is offered by the selling dealer, classiccarswest. If a low-mile, five-speed, Laser Red convertible sounds like your kind of 1990s time capsule, you can view the full listing and photo gallery on Hagerty Marketplace.
