2008 Ford Mustang Values

Select a 2008 Ford Mustang trim level

2008 model year changes

The iconic Ford Mustang remains largely unchanged for 2008, though new exterior colors are available; Vapor Clearcoat Metallic, Dark Candy Apple Red Clearcoat Metallic, and Silver Clearcoat Metallic replace Tungsten, Redfire, and Satin Silver. The top-tier Shelby GT500 adds only Vapor Clearcoat Metallic. Ambient interior lighting and high intensity discharge (HID) headlights will debut as an option on all Mustangs. V6 coupes will now offer 18-inch premium polished forged wheels, and all V6 cars will offer an optional Safety & Security Package, which includes anti-lock brakes, traction control, an active anti-theft system, and a wheel locking kit. Front side air bags become standard across the range. V6 and GT convertibles can be ordered with the same high-quality fabric top found on the Shelby GT500 Mustang convertible. Three special-edition Mustangs are planned for 2008: the "Warriors in Pink" Edition on V6 Premium coupes and convertibles with the automatic; the 315-hp Bullitt Mustang; and the 540-horsepower Shelby GT500 KR "King of the Road" Mustang, with just 1,000 available.

Competitive comparison

Bold, all-American styling; available as a coupe or convertible ranging from mild to wild; high bang for the buck across the range; impressive safety.

Special features for 2008

The 2008 Mustang is a best bet in the fun per dollar category. The 4-liter V6 with 210 hp and 240 lb-ft of torque is a comfortable commuter that offers decent performance and fuel economy rated at 17 mpg city/26 mpg highway, while the potent 4.6-liter V8 with 300 hp and 320 lb-ft of torque available in the GT gives far more expensive cars a run for their money. The Mustang GT is the most affordable performance V8 available today.

2008 Ford Mustang FAQ

I have found a 2008 Ford Mustang GT500KR that is still brand new (never been sold, never been in service, still has a full warranty), but I cannot find a new car value on the vehicle, due to its age, and trim. How would I go about finding a new car value on the vehicle?

The vehicle in question had an MSRP of $45,820 new, but since the dealership is asking ~$82k for the vehicle that really doesn’t matter at this point. NADAguides values are designed and intended to assist users in performing their own valuation of a particular used vehicle. The process by which users of NADAguides determine valuation is inherently subjective. Individual vehicles may have an actual value that is higher or lower than the estimated values created by NADAguides. You would be purchasing a one of a kind, quasi-collectible Mustang that no guide would do justice to.

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