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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.
I just sold my 5.0, 88 for $4500 in Colorado. Then again mine had new everything. I would base your price on the interior and how well it runs. Somewhere between $2 and $3 grand.
Anyways, i dont really know, but check on ebay and see how much they're goin for. I wouldnt expect more than $400 for a used 20 year old trans (we're talking about just the trans, right?)