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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
So how much is this guy selling his 92 for?
If the body is free of rust and looks straight... go for it.
Engines can be replaced, transmissions can be rebuilt.
Just as long as you have a good frame to work with you should be fine.