Ford really has made the Mustang into a truly world-class sports car that, in its S550 generation, takes the fight to cars like the Nissan Z, BMW 4 series, and other RWD coupes. With the 2024 S650 quickly making its way from the factory floor to the dealership door, we finally know how much the latest version of the Mustang will cost you. We hate to be the bearer of bad news, but stepping into the EcoBoost is now nearly $3,400 more expensive than it was in 2023, but as you go up in trim, the price difference begins to drop.
Signed, Sealed, Delivery Increases
The first cause of the price rise is the $200 increase in the destination fee that Ford charges to get your Mustang from the factory to your local dealership. In 2023, that fee was $1,395 and now, for 2024 models, the price has increased to $1,595. Transportation costs have risen, so the increased destination fees aren’t unexpected.
EcoBoost Less EcoNomical
We reported earlier that the base Mustang EcoBoost Convertible has been dropped for the 2024 model, and today we learn that the EcoBoost Fastback is $3,370 more than it was in 2023 at $32,515. That’s not even the end of the bad news for the EcoBoost model, as the Premium versions of the Fastback (and the only way to get a Convertible) have also risen by $3,850. If you want a hardtop EcoBoost Mustang that comes with the Curved Glass Display that integrates the 13.2-inch infotainment display with the 12.4-inch instrument cluster, then you’re shelling out $38,040. The convertible version also gets an active anti-theft center console, but comes in at $43,540. If you’re searching for any good news for the EcoBoost is that at 315 hp and 350 lb-ft of torque, it’s more powerful than it was in 2023, with the caveat that it’s only offered with the 10-speed automatic.
Spend More to Spend Less (Relatively Speaking)
If you’re looking to get the best value for your money in a 2024 Mustang, you’re actually going to want to go up in trim. The 2024 GT starts at $43,090, which is $3,350 more than it was in the last model year, but benefits from a power bump (now making 480 hp, 415 lb-ft of torque). The GT is also the only way you’re going to get a manual transmission in this new Mustang, and it now comes with a rev-matching feature.
The GT also gets its grille painted in high-gloss black and is unique to this trim, but just like the standard EcoBoost, the standard GT is only available as a hardtop. If you want a convertible, you’ll only get that with the GT Premium trim. The GT Premium Fastback starts at $47,610 while the Convertible starts at $53,110 and includes a heated flat-bottom steering wheel. This also means the 2024 Premium models are only $2,850 more than the 2023 versions. More good news comes by way of an active exhaust system that is optional for the GT, which improves the 5.0-liter V-8’s output by 6 hp and 3 lb-ft of torque.
The Ultimate Mustang 5.0 Is (Barely) Under $60k
The formidable Dark Horse, with its 500-hp Coyote V-8, might just be the dark horse of the lineup in terms of overall value. It’s mated to a Tremec 6-speed manual and comes with MagneRide Damping standard, and is priced at $59,565. Obviously, the ultimate 5.0 Mustang is going to command a premium price, but when compared to 2022’s Mach One, the price difference is only $1,600. And remember, only $200 of that is due to delivery because it has the same Destination Charge as the rest of the Mustang lineup. That, in comparison to the rest of the 2024 Mustang lineup, is a steal.
2024 Ford Mustang Pricing
|Ford Mustang Pricing||2023||2024||Difference|
|Ecoboost Premium Fastback||$34,190||$38,040||$3,850|
|Ecoboost Premium Convertible||$39,690||$43,540||$3,850|
|GT Premium Fastback||$44,760||$47,610||$2,850|
|GT Premium Convertible||$50,260||$53,110||$2,850|
|2023 Mach 1/2024 Dark Horse||$57,965||$59,565||$1,600|
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