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Why a Loaded 2018 Ford Mustang GT Costs Nearly $60k

If you build a 2018 Ford Mustang GT Premium to its most expensive configuration on, you will find that in its most expensive configuration, the refreshed pony car costs nearly $60,000 – but that is because this new Mustang offers some new, expensive features which justify the higher prices.


When covering the auto industry, I frequently get comments from readers about how many vehicles have gotten far more expensive over the past decade and in looking at the numbers for the 2017 and 2018 Ford Mustang GT Premium – that complaint is reinforced to a fairly definitive level. After playing around on, I found that a loaded 2018 Mustang GT Premium fastback is around $55,000 while a new convertible is around $58,000, making the hard top $7,500 more than a loaded 2017 Mustang GT Premium fastback while the new convertible tops out around $7,100 more than the comparable 2017 model.

Unfortunately, some people will look online, see that a loaded 2018 Mustang GT costs $7k more than a loaded 2017 model and immediately come away with the belief that the new model year is greater than $7,000 more than the current models because it is a new model year with a little more power. However, when you look closer at the features of the 2017 and 2018 Mustang GT Premium, the new models cost more because they come with some very significant new features.

Yes, the 2018 Ford Mustang GT Premium is quite a bit more money than the 2017 models and with a price maxing out in the $55-58k range, this is the most expensive Mustang GT ever, but this high price comes with a list of options not offered for the 2017 model year (or before).

Pricing Out the Ford Mustang GT Premium

To reach the prices below, I want to and built a Mustang GT Premium fastback and convertible for the 2017 and 2018 model year. There are other options not mentioned below, but that is because to add some options and packages, you have to remove some other, more expensive options or packages. For example, my examples below do not include the Black Accent Package, but that is because you cannot get that package with the GT Performance Package. There are also pricier wheel options, but like the Black Accent Package, you cannot get them with the GT Performance Package.

The 2017 Ford Mustang GT Premium fastback with a premium paint option, the 401A popular equipment group, the GT Performance Package, Adaptive Cruise Control, all weather floormats, color accented premium interior trim, Navigation and the Recaro race seats has an MSRP with destination of $47,750. A 2017 Mustang GT Premium convertible with most of the same features (the Recaro seats aren’t available with the drop top) has an MSRP of $51,655.
There might be some other small accessories or things like wheel locks which can be added when ordering at the dealership, but for the sake of discussion, the 2017 Mustang GT fastback tops out around $47,750 and the convertible tops out around $51,655.

The 2018 Mustang GT Premium fastback with a premium paint option, the 10-speed automatic transmission, the 401A popular equipment group, the GT Performance Package, the enhanced security package, the active exhaust system, the Safe & Smart package, the MagneRide suspension setup, the Shaker Pro Audio system and the Recaro seats has an MSRP of $55,250. The comparably equipped 2018 Mustang GT Premium convertible (again, no Recaro seats) has an MSRP of $58,760.

As is the case with the 2017 Mustang, there might be some other small things that can be added on to slightly increase the price, but when adding all of the key available features on for the 2018 Mustang GT Premium, the price tops out at $55,250 for the hardtop and $58,760 for the convertible.

The Key Differences

When reading through those build lists above for the 2017 and 2018 Ford Mustang GT Premium, there are several items in 2018 which are not listed for 2017.

The automatic transmission was not available for 2017 when you ordered the GT Performance Package, but for 2018, the new 10-speed is offered with the higher performance setup. That adds $1,595 to the bottom line for 2018.

The active valve performance exhaust option is new for 2018, and that adds $895 to the price.

The MagneRide suspension system is new for 2018, and that adds $1,695 to the MSRP.

The GT Performance Package for 2018 costs $1,000 more than the similar package in 2017.

Finally, there are some packaging changes for 2018, such as which items are included in the 401A popular equipment package and how the various safety features are bundled and priced, but if we just take into account those items listed above, much of the price difference for 2018 can be attributed to new features.

The automatic transmission, the active exhaust, the MagneRide suspension package and the pricier GT Performance Package leads to an increase of $5,185. Also, while it is hard to line up the pricing and features with the changes in package details, some of the 2018 Mustang features have been improved and due to that, they are more expensive. As a result, even without those new items mentioned above, the 2018 Mustang GT is around $2,000 more than the 2017 model – but that price gets you a Mustang GT which is packs more power and outperforms the 2017 models in every way.


daniel sheppard (not verified)    August 22, 2017 - 12:53AM

Not too bad considering the base model starts at 60k here in Australia. Total utter rip off . I much rather import a 60s model that's restored to A1 for that

Bennie (not verified)    August 23, 2017 - 7:59AM

First off camaro is lowering their price and lighter then last year , why can't for make a basic gt in respect to an LX with a gt package like with the fox bodies, do u know how many more would buy one including myself, ford is pricing them out of the ballpark for normal people , I just don't get it , where there is a will there is a way do do things ,

Greg A (not verified)    August 24, 2017 - 3:24PM

I mean the Recaro's aren't as adjustable as the factory seats. They just seem to look cooler( and only for a moment at that)

Rick (not verified)    October 7, 2017 - 12:54AM

To get the goodies, e.g. the magnetic shocks and adjustable steering/throttle, you have to load up on all sorts of crap that nobody wants, at extreme cost. Same, apparently with the rumored level 2 performance Pack, and again, they are not offering PP2 with the automatic. Ford is notorious for forcing a lot of high margin garbage on people looking for the performance versions of their cars. Why would anyone pay $60K for a GT when a GT 350 is about the same price? it is not for the door lights that projects images of mustang horses on the ground or the start button that pulses at the pace of a horse's heart, I can tell you that. I don't like Ford. This crap has kept me from buying a Mustang for 4 years now. If I finally get one, I want to get a used one so I don't put any money in Ford's pocket.

Bennie (not verified)    October 7, 2017 - 1:17PM

I'm old school , had a 69 Mach I 428scj, now a 07 grabber orange gt, but years ago daughter had a 5.0 LX which was a bare bones car with the gt stuff on it. Today all the extras you have to get and certain packages you have to get drives the prices up, why not a bare bones 5.0 again.

Steve (not verified)    February 2, 2018 - 1:23PM

Ford Mustangs used to be a fun, affordable car. You could order the options of your choice. Now look at it- bloated option packages that inflate the prices to more than many luxury cars. I have to wonder who is buying GTs these days, especially the convertibles?

Gregory Machala (not verified)    October 23, 2019 - 9:55AM

For a Mustang GT 40K is too much 50K is absurd. At 60K you have to be delerious to buy a Mustang GT. I just did a search on AutoTrader for a 2017 ZL1 Camaro. Found a few under 50K. Now why on Earth would you pay 60K for a Mustang GT when you could get a used ZL1 for more than 10K LESS! The used car market has to be hurting new Mustang, Camaro and Challenger sales. Hell the new Corvette, a mid-engine car is under 60K. What the heck are Ford and Chevy thinking with the Camaro and Mustang pricing starting at esssentially 40K? It is just plain nuts. The V8 camaro and Mustang should both start in the 30-33K range if they want to appeal to the folks that want to buy these types of cars. Otherwise its just a niche car and no longer the working mans performance car. Read wages have not increased in decades for vast majority of working class Americans yet prices of working class cars and especially trucks keeps going up something has got to give.