A carry-over from 2006, the two-door coupe pony-car from Ford is available in either deluxe or premium package trim-levels offered in the coupe and convertible models. The base model offers a 4.0Liter V6 that produces 210HP, with the GT stepping the power up to a 4.6Liter V8 that cranks out 300HP. A five-speed manual transmission is standard with an optional four-speed automatic. The big news for Mustang is the legendary Shelby Mustang returns for 2007, with the rebirth of the Shelby GT500 Mustang. A limited production of 7,500 units will be built complete with a high-performance 500HP 5.4Liter V8.

Review 2007 Ford Mustang prices by model/trim level

Mustang-V6 Convertible 2D Coupe 2D

MUSTANG-V8-5 Spd. MT/AT Convertible 2D GT Convertible 2D Shelby GT500 Coupe 2D GT Coupe 2D Shelby GT Coupe 2D Shelby GT500