Buying advice

[LxMustangRacer]

I am looking to get a new Mustang this spring to replace the one I sold last fall. Looking at getting a SN95 body style convertible 5-speed (I'd prefer yellow, not being picky am I) which leaves me with a 94-96 since I can't afford anything newer than that. So my questions are, what's a reasonable amount of miles for this car and around what price can I expect them to be, my budget's ~$7,000 so I'm thinking probably a '94.
Also, some friends have told me that 94-95 Mustangs have a lot of problems with steering components and with the engine. I always thought that it was the same motor from ealier models, which they recommended I buy instead. If you know of problems or anything else I should be aware of about the SN95's would be appreciated.

-Philip