Unburned fuel is igniting in the exhaust, you may have a fuel metering problem, or a timing problem.
If the timing chain is stretched it could throw off the spark timing at high rpm.
Out of time.
Too much PSI.
Backfire is normally caused by engine out of time, or spark plug wires installed incorrectly.
As with any engine, timing, and also carb problems.
It's lean. You have to figure out why.
Mustang Gt's have a V8 engine
The Ford Mustang GT has a V8 engine, while the Ford Mustang has a V6 engine.
Timing is off. You may need a new timing belt.
Several issues can cause a back fire:OverheatingLean mixtureFaulty ignition
That usually means the engine is lean. Could be a vacuum leak.
Will a 1998 3.8 mustang engine fit in a 2000 Mustang 3.8 engine?
I, too, would like to know the answer! I have a 1993 Polaris Trail Boss ATV with the 250 cc engine... it tends to backfire when letting off the throttle.