| Submodel | Resale Value Range |
| 1997 Mustang Cobra RWD 2-Dr Coupe V8 | $4,850 - $10,375 |
| 1997 Mustang GT RWD 2-Dr Convertible V8 | $3,675 - $8,900 |
| 1997 Mustang Cobra RWD 2-Dr Convertible V8 | $5,875 - $11,475 |
| 1997 Mustang GT RWD 2-Dr Coupe V8 | $2,725 - $7,800 |
| 1997 Mustang Base RWD 2-Dr Convertible V6 | $2,475 - $6,475 |
| 1997 Mustang Base RWD 2-Dr Coupe V6 | $1,725 - $5,825 |
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