March 5th, 2010 | 
Author: Owners of the third generation fox body Mustang, built over a fifteen year period spanning from 1979 through 1993, have a classic on their hands. Or at least that is the case with any model 20 years or older if the traditional definition of “classic” is used.
Today’s Mustang is available in ten model types including various premium, GT, and convertible configurations. Ford has always offered plenty of choices for customers who had a need to customize their steed, something evident during the fox body era too. Back then, Ford offered nine trim styles and used different trim designations including L, GL, LX, SVO, and so on.
Middle Model
The Ford Mustang LX wasn’t a budget model nor was it premium. However, as the third generation model aged, a number of trim levels were dropped while the LX remained. That LX offered a wide variety of engine choices from a 2.8L I4 to a 5.0L V8. Thus, if you were shopping for a used LX today, you might find anything from just a looker to a looker with performance.
The popular LX of that era was outfitted with a 302 cubic inch or 4.9/5.0L V8. That engine was first introduced in 1968, with sequential fuel injection replacing the carburetor for the 1986 model year. Mustang enthusiasts know that for a time beginning in the late 1970s the engine was dropped in favor of a smaller, more efficient 4.2L V8 as surging gas prices scotched the bigger V8. But thanks to advancement in technology, the larger engine returned and with it all the performance Stang drivers needed.
Mixed Reviews
An ongoing survey of Ford Mustang LX owners on MSN Autos reveals mixed reviews from owners. On closer inspection you find that people whose Mustangs have a more powerful V6 or V8 are satisfied with its performance, but the interior is often faulted for being less than ideal, with the layout of the radio one of the criticisms. Some owners raved about their convertibles while others were happy to have the hatchback instead of a notchback.
But few diehard Ford Mustang LX owners have left their cars in stock condition, choosing to modify them in order to enjoy a much better driving experience. Indeed, Mustang enthusiasts can get a better ride by selecting Eibach or Tenzo R lower springs; Koni or Monroe shocks; tie bars from Steeda; Hellwig or Addco sway bars; and a host of other suspension parts.
Under the hood, Flowtech or Hooker headers are desirable options; as are Tradesonic and Option Racing cold air intakes. Various exhaust, electrical, and interior and exterior treatments can help make your Ford Mustang LX stand out, giving you a warhorse like none other.
Mustang Value
Book values of Ford Mustang LX models are all over the place, but with customized parts included, your ride should stand the test of time.