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Pricing and Cost Considerations for America’s Favorite Pony Car

Learn about the various trim levels, engine options, and price points of the iconic Ford Mustang. Get detailed information on the costs associated with purchasing and owning a Mustang. …


Updated May 14, 2023

Learn about the various trim levels, engine options, and price points of the iconic Ford Mustang. Get detailed information on the costs associated with purchasing and owning a Mustang.

The Ford Mustang has been an American icon since its introduction in 1964. With its unique blend of style, performance, and affordability, it’s no wonder that this pony car continues to captivate buyers across the globe. But how much does a Ford Mustang cost? The answer is not straightforward, as there are numerous trim levels, engine options, and features to consider.

Pricing Overview

The base price for a brand-new Ford Mustang starts at around $26,000 for the Mustang EcoBoost with an 2.3-liter turbocharged four-cylinder engine. This trim level comes standard with features like a rearview camera, Bluetooth connectivity, and a touchscreen infotainment system.

As you move up to higher trims, prices increase accordingly:

  • Mustang EcoBoost Premium: Starting at around $32,000
  • Mustang GT: Starting at around $36,000
  • Mustang Shelby GT350: Starting at around $55,000
  • Mustang Shelby GT500: Starting at around $72,000

Engine Options and Performance

The Mustang offers various engine options to suit different driving preferences:

  • 2.3-liter EcoBoost four-cylinder: Producing 310 horsepower and 350 lb-ft of torque
  • 5.0-liter V8: Delivering 460 horsepower and 420 lb-ft of torque
  • 5.2-liter supercharged V8 (GT500): Offering 760 horsepower and 625 lb-ft of torque

Features and Options

When purchasing a Mustang, you’ll have the opportunity to add various features and options to enhance your driving experience:

  • Technology Package: Including features like navigation, a dual-headrest rear-seat entertainment system, and a B&O Sound System
  • Comfort Package: Offering amenities like heated and ventilated seats, a heated steering wheel, and a 12-speaker sound system
  • Appearance Package: Adding styling elements like a spoiler, side skirts, and 19-inch wheels

Maintenance and Ownership Costs

As with any vehicle, owning a Mustang comes with ongoing expenses:

  • Fuel efficiency: Expecting around 22-27 mpg combined (depending on the engine choice)
  • Maintenance costs: Estimated to be around $400-$600 per year for regular maintenance
  • Insurance premiums: Varying depending on factors like location, driving history, and coverage limits

Used Ford Mustang Pricing

If you’re considering purchasing a used Mustang, prices vary based on the model year, mileage, condition, and trim level:

  • 2015-2017 models: Starting at around $20,000-$30,000
  • 2018-2020 models: Starting at around $25,000-$40,000
  • 2021-present models: Starting at around $30,000-$50,000

Conclusion

The cost of a Ford Mustang depends on various factors like the trim level, engine option, and features. With prices starting from around $26,000 for the base model to over $70,000 for the high-performance GT500, there’s a Mustang to suit every budget and driving preference.

Whether you’re looking to purchase a brand-new pony car or explore the world of used Ford Mustangs, this article has provided a comprehensive overview of the costs associated with owning America’s favorite sports car.