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Understanding the Price of America’s Iconic Muscle Car

Learn about the various factors that influence the cost of a Ford Mustang, from its base model to high-performance variants. …


Updated July 18, 2023

Learn about the various factors that influence the cost of a Ford Mustang, from its base model to high-performance variants.

The Ford Mustang is an iconic American muscle car that has been in production since 1964. It’s a symbol of freedom and performance on the open road. But how much does it cost? In this article, we’ll break down the various factors that affect the price of a Ford Mustang, from its base model to high-performance variants.

Base Model Mustang

The base model Mustang is the most affordable way to get behind the wheel of America’s iconic muscle car. It starts at around $26,000 for the Pony Edition and goes up to around $31,000 for the EcoBoost model with a 10-speed automatic transmission. The manual transmission version costs around $28,000.

Here are some key features you can expect from the base model Mustang:

  • 2.3L turbocharged engine producing 310 horsepower
  • Rear-wheel drive or all-wheel drive option
  • 8-inch touchscreen infotainment system with SYNC 4
  • Apple CarPlay and Android Auto compatibility
  • LED headlights, taillights, and fog lights

Mid-Level Mustang

If you’re looking for more power and features, the mid-level Mustang is a great option. Prices start at around $34,000 for the EcoBoost model with a 10-speed automatic transmission and go up to around $40,000 for the GT model with a manual transmission.

Here are some key features you can expect from the mid-level Mustang:

  • 2.3L turbocharged engine producing 310 horsepower (EcoBoost) or 5.0L V8 engine producing 460 horsepower (GT)
  • Rear-wheel drive or all-wheel drive option
  • 8-inch touchscreen infotainment system with SYNC 4
  • Apple CarPlay and Android Auto compatibility
  • LED headlights, taillights, and fog lights
  • Sport-tuned suspension for improved handling

High-Performance Mustang

If you’re a serious car enthusiast looking for the ultimate driving experience, the high-performance Mustang is the way to go. Prices start at around $45,000 for the EcoBoost model with a 10-speed automatic transmission and go up to around $60,000 for the Shelby GT500.

Here are some key features you can expect from the high-performance Mustang:

  • 5.2L V8 engine producing 760 horsepower (Shelby GT500)
  • Rear-wheel drive or all-wheel drive option
  • 12-inch touchscreen infotainment system with SYNC 4
  • Apple CarPlay and Android Auto compatibility
  • LED headlights, taillights, and fog lights
  • Sport-tuned suspension for improved handling
  • Track-ready capabilities with Brembo brake upgrade

Additional Costs to Consider

When purchasing a Ford Mustang, there are several additional costs you should consider:

  • Destination charges: This is the cost of transporting the vehicle from the factory to your local dealership. It’s typically around $1,000.
  • Taxes and fees: You’ll need to pay sales tax on the purchase price of the vehicle, as well as any applicable fees.
  • Insurance: Make sure you have adequate insurance coverage for your new Mustang.
  • Maintenance: Regular maintenance is essential to keep your Mustang running smoothly. Expect to spend around $500-$1,000 per year on oil changes, tire rotations, and other services.

Conclusion

The cost of a Ford Mustang can vary significantly depending on the trim level, engine, transmission, and features you choose. From the base model Pony Edition to the high-performance Shelby GT500, there’s a Mustang out there for every budget and driving style. Remember to factor in additional costs like destination charges, taxes, insurance, and maintenance when calculating the total cost of ownership.

Specifications

Here are some key specifications for each trim level:

  • Pony Edition:
    • Engine: 2.3L turbocharged
    • Transmission: 10-speed automatic or manual
    • Rear-wheel drive or all-wheel drive option
    • Price: around $26,000 (manual), $28,000 (automatic)
  • EcoBoost Model:
    • Engine: 2.3L turbocharged
    • Transmission: 10-speed automatic
    • Rear-wheel drive or all-wheel drive option
    • Price: around $34,000 (base), $40,000 (GT)
  • Shelby GT500:
    • Engine: 5.2L V8
    • Transmission: 7-speed manual
    • Rear-wheel drive only
    • Price: around $60,000

Sources

  • Ford Motor Company
  • Kelley Blue Book
  • Edmunds