Five quarts.
Source:
http://www.mustangworld.com/depart/fluids.htm
5 quarts
ther isn't one.you have to take all the bolts out around the oil pan of the transmission
5 quarts
It is near the oil filter.
For a 2001 Ford Mustang : With engine oil filter change : 4.7 liters / 5 U.S. quarts of engine oil ( 3.8 liter V6 and 4.6 liter V8 )
3.7 quarts.
The 2006 Ford Mustang V8 engine take 6.0qts of oil
If its an 01-04 Mustang GT or Cobra, it takes 3.0 Liters or 3.2 quarts of MERCON III type fluid.
5qts ======================================================= According to the 2004 Ford Mustang Owner Guide : For the 4.6 liter SOHC , V8 engine : With engine oil filter change : ( 5.7 litres / 6.0 U.S. quarts of engine oil )
Take 3 quarts with filter change
Just draining to change the oil = 2.6 quarts
With engine oil filter change : 5 quarts / 4.7 liters of engine oil , but the dipstick is used to determine the actual amount of oil