We learned earlier this year that the 2018 Ford Mustang is getting a new look, new technology and more power from both of the available engines (the V6 is gone), but we didn’t get any information on pricing. Fortunately, the “build your own” page on Ford.com for the 2018 Mustang has recently gone live and thanks to that, we have full pricing on the refreshed pony car.
Base Prices Up, EcoBoost Prices Down
As we mentioned above, the 2018 Ford Mustang is not available with the base V6 engine from the 2017 lineup, making the 2.3L EcoBoost 4-cylinder the standard, entry level engine. The 2017 Mustang with the V6 was about a thousand dollars less than the 2017 Mustang with the EcoBoost, so as you might have guessed, the demise of the V6 means that the 2018 Mustang has a higher base price.
The 2017 Mustang fastback with the V6 and a manual transmission started at $25,185, making it the least expensive option in the lineup. For 2018, the least expensive Mustang is the EcoBoost fastback with a manual transmission, which starts at $25,585 so technically, the 2018 Mustang starts $400 higher than the 2017 model.
However, even though the base price of the 2018 Ford Mustang is higher due to the EcoBoost engine becoming the standard powertrain, the 2018 Mustang EcoBoost fastback costs less than the 2017 Mustang EcoBoost fastback, which starts at $26,198. In other words, the EcoBoost Mustang is less expensive for 2018, but as the base package, getting into an entry level Mustang costs more in 2018 than it did for 2017.
Along the same lines, getting into a 2018 Ford Mustang convertible costs a bit more due to the removal of the V6. The least expensive 2017 Mustang convertible came with the V6 engine, a manual transmission and a starting price of $30,685. The least expensive 2018 Mustang convertible is the EcoBoost model, which starts at $31,085 - $400 more than 2017.
It should be noted that for the 2017 model year, the EcoBoost engine is only available in the Mustang convertible in Premium trim. That package is still available for 2018, but the price list above is for a new base model EcoBoost convertible. The 2018 Mustang EcoBoost Premium convertible has a starting price of $36,100, up $405 from 2017.
V8 Pricing Climbs Across the Board
While the some of the pricing for the 2018 Ford Mustang with the EcoBoost engine have dropped, prices are up across the board for 2018 Mustangs with a V8 engine.
The 2018 Ford Mustang GT fastback has a starting price of $35,095, up $1,900 from the 2017 models and at $39,095, the 2018 Mustang GT Premium fastback gets the same $1,900 increase. Along the same lines, the 2018 Mustang GT Premium convertible (the GT convertible is only available in Premium trim) rises by $1,900 to $44,595.
Finally, the 2018 Ford Mustang in Shelby GT350 and GT350R trim don’t get a new look or more power, but the price of each of those high performance models rises by $1,000 for the new model year – with the GT350 starting at $57,145 and the GT350R starting at $64,645.
As is the case for 2017, the 2018 Ford Mustang destination fee is $900.
Below is a simple chart showing the 2018 Mustang prices followed by the 2017 pricing in parenthesis and the difference led by a plus or minus depending on whether the price went up or down for 2018.
2018: (2017) +/-Difference
Mustang EcoBoost Fastback – 25,585 (26,195) -610
Mustang EcoBoost Premium Fastback – 30,600 (31,990) -1,390
Mustang GT Fastback – 35,095 (33,195) +1900
Mustang GT Premium Fastback – 39095 (37,195) +1900
Mustang EcoBoost Convertible – 31,085 (NA)
Mustang EcoBoost Premium Convertible – 36,100 (35,695) +405
Mustang GT Premium Convertible – 44,595 (42,695) +1900
Mustang Shelby GT350 – 57,145 (56,145) +1000
Mustang Shelby GT350R – 64,645 (63,645) +1000
Destination – 900