Junkyard Find: 1986 Ford Mustang LX Hatchback

Murilee Martin
by Murilee Martin
Because the 1979-1993 Fox Mustang remains so popular with enthusiasts, I don’t find so many non– crashed examples in the big self-service car graveyards I frequent. In fact, these days I see more 1974–1978 Mustang IIs than I do Fox Mustangs (unless you consider the 1994-2004 SN95 Mustang to be a true Fox). Last week, I found this very solid ’86 Mustang LX hatchback in a Denver yard, and my camera was ready for it.
The LX was the entry-level Mustang for 1986, and you could buy it in notchback, hatchback, or convertible form. The notchback was the cheapest, with MSRP starting at $7,189 ($17,910 today), while the more popular hatchback cost $7,744 ($19,290 in 2021 bucks).
For that price, you got the base engine: the 2.3-liter “Pinto” four-banger, rated at 88 horsepower. That’s what’s in this car. The 3.8-liter V6 and 5.0-liter V8 were available (120 and 200 horsepower, respectively) in the LX at extra cost.
A three-speed automatic transmission in the 1986 LX ran the buyer an extra $510, a painful $1,270 when figured in 2021 dollars; the four-speed overdrive slushbox went for a staggering $746 ($1,858 today). If you wanted the five-speed manual instead of the base four-on-the-floor, that added $124 ($309 now). This car has the five-speed.
Air conditioning was optional on every 1986 Mustang except for the high-zoot SVO, and it tacked on $762 to the bottom line (nearly $1,900 today). What the heck, once you’ve paid the extra for the additional transmission gear, might as well have refrigerated air.
The original build sheets, exposed when some junkyard shopper bought the carpets, remain stuck to the floor. I doubt anyone would ever restore a Pinto-powered Fox Mustang to its original condition (had this car stayed on the outside, a V8 swap would have been a near-certainty), so this isn’t as cool as finding the sheet for a Cyclone Spoiler.
It wouldn’t have been at all quick, but it was a good deal on a sporty-looking commuter that sipped gas… and now it faces the cold steel jaws of The Crusher.
The sheer thrill of driving a four-cylinder LX wouldn’t have been particularly vivid, though it was better than what you got with an Escort Pony.
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Murilee Martin
Murilee Martin

Murilee Martin is the pen name of Phil Greden, a writer who has lived in Minnesota, California, Georgia and (now) Colorado. He has toiled at copywriting, technical writing, junkmail writing, fiction writing and now automotive writing. He has owned many terrible vehicles and some good ones. He spends a great deal of time in self-service junkyards. These days, he writes for publications including Autoweek, Autoblog, Hagerty, The Truth About Cars and Capital One.

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  • El scotto El scotto on Aug 23, 2021

    I sweat every Hertz mustang convertible was a 4-banger. I'm gonna be rude about this. Fox body Mustang GTs are old enough and cheap enough just about anyone should be able to afford one. Just the drop the dime and budget for Crest white strips. You'll be smiling all the time. Former red Mustang GT convertible mustang owner here. Rag-top down, 5.0!

  • 6250Claimer 6250Claimer on Aug 24, 2021

    That shift boot is a molded piece of rubber and is ALWAYS in that exact same state of appearance - every crease, fold etc is 100% static and stays in the same form permanently. SO cheesy.

  • Alan My view is there are good vehicles from most manufacturers that are worth looking at second hand.I can tell you I don't recommend anything from the Chrysler/Jeep/Fiat/etc gene pool. Toyotas are overly expensive second hand for what they offer, but they seem to be reliable enough.I have a friend who swears by secondhand Subarus and so far he seems to not have had too many issue.As Lou stated many utes, pickups and real SUVs (4x4) seem quite good.
  • 28-Cars-Later So is there some kind of undiagnosed disease where every rando thinks their POS is actually valuable?83K miles Ok.new valve cover gasket.Eh, it happens with age. spark plugsOkay, we probably had to be kewl and put in aftermarket iridium plugs, because EVO.new catalytic converterUh, yeah that's bad at 80Kish. Auto tranny failing. From the ad: the SST fails in one of the following ways:Clutch slip has turned into; multiple codes being thrown, shifting a gear or 2 in manual mode (2-3 or 2-4), and limp mode.Codes include: P2733 P2809 P183D P1871Ok that's really bad. So between this and the cat it suggests to me someone jacked up the car real good hooning it, because EVO, and since its not a Toyota it doesn't respond well to hard abuse over time.$20,000, what? Pesos? Zimbabwe Dollars?Try $2,000 USD pal. You're fracked dude, park it in da hood and leave the keys in it.BONUS: Comment in the ad: GLWS but I highly doubt you get any action on this car what so ever at that price with the SST on its way out. That trans can be $10k + to repair.
  • 28-Cars-Later Actually Honda seems to have a brilliant mid to long term strategy which I can sum up in one word: tariffs.-BEV sales wane in the US, however they will sell in Europe (and sales will probably increase in Canada depending on how their government proceeds). -The EU Politburo and Canada concluded a trade treaty in 2017, and as of 2024 99% of all tariffs have been eliminated.-Trump in 2018 threatened a 25% tariff on European imported cars in the US and such rhetoric would likely come again should there be an actual election. -By building in Canada, product can still be sold in the US tariff free though USMCA/NAFTA II but it should allow Honda tariff free access to European markets.-However if the product were built in Marysville it could end up subject to tit-for-tat tariff depending on which junta is running the US in 2025. -Profitability on BEV has already been a variable to put it mildly, but to take on a 25% tariff to all of your product effectively shuts you out of that market.
  • Lou_BC Actuality a very reasonable question.
  • Lou_BC Peak rocket esthetic in those taillights (last photo)
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