New for 1982 was the 5.0L engine mated to a 4 speed overdrive transmission. No longer called the 302, it is now refined and referred to in liters. Available with a 2bbl carburetor for this year, the engine is still referred to as the H.O. (high Output). If you purchased the 5.0L, you also got a 3.08 limited slip rear end, power steering, power brakes, and a handling package.
The GT Mustang was more of a package you bought since the 5.0L engine could be put in any car body. What differentiated the GT was the grille and body paint. And, actually the GT weighed more than the GL so if they raced, many times the GL would win. Interiors of the GTs could be made to be quite fancy.
Factory Options
Description
Retail Price
2 door L sedan P10
6,345
2 Door GL sedan P10
6,844
3 Door GL sedan P16
6,979
2 Door GLX sedan P12
6,980
3 Door GLX sedan P13
7,101
3 Door GT sedan P16
8,397
4.2L 255 CI when in a GL package
-57
4.2L 255 CI when not in GL package
283
3.3L I6 200CI
213
5.0L V8 (std on GT), with a TR performance package
494
5.0L V8 (std on GT), not with a TR performance package
544
Automatic transmission
411
Power front disc brakes
93
Power steering
202
Handling suspension package
50
High altitude emissions systems
101
California emissions system
46
Traction loc Axle
76
Optional axle ratio
0
5-speed manual with overdrive
196
TR Special performance suspension L
589
TR Special performance suspension GL & GLX
539
TR Special performance suspension GT
111
Air conditioner
688
Console
191
Cargo area cover
51
Cloth and vinyl bucket seats in L
29
Cloth and vinyl bucket seats in GL
40
Cloth and vinyl bucket seats in GT
57
Front color keyed floor mats
22
Light group
49
Lock group
139
AM Radio delete option
-61
Radio AM/FM mono
76
Radio AM with dual rear speakers (extra cost for speakers)
39
Radio AM/FM with dual rear speakers (extra cost for speakers)
