Ford Mustangs are growing on me. Â Used to think they were overrated, underpowered and clumsy, and I never really got over how far they had fallen by the 1979 Mustang II. I drove one to the prom. Â It was a bad night all around. But the 2005 retro Mustang nostalgically took me back to my childhood and 10 years later the sixth generation 2015 Mustang, with a modern independent rear suspension and 435hp really caught my eye with its sleek looks and high performance. Â Mustangs at CarMax are plentiful – as I write there are 444 on the lots nationwide, and almost half of those are V8’s (and I only count V8’s as real Mustangs). Â All Mustangs with V8’s are GT’s (well, except Bullitts). Â The cheapest is $13,599 and 107,000 miles and the most expensive 2017 Shelby GT350 with 1,000 miles will set you back $59,998. Â These are not unicorns.
But these Mustangs are. Â Let’s take a quick walk around the stable with these two relatively normal Mustang unicorns. At the bottom end we have a 2006 Mustang GT convertible, with only 40,000 miles and a price tag of $15,998. Â Cute car, 300hp, and a five second 0-60 run. Â I drove one recently and was surprised that with “only” 300hp it roared and scooted well. Â I thought it was going to be a dog but found it satisfactory, despite the solid axle I thought was made of wood. Â Pretty sure you can score another five years, 60,000-85,000 mile MaxCare warranty for a few thousand and be out the door for under $20k. Â You’ll almost be able to get vintage tags and still be under the MaxCare warranty!
And to show that not all my unicorns are old, at the top end we have a 2015 435hp beast with only 15,000 miles at $26,998. Â This one is still under factory warranty and so the MaxCare plan will be less. Â Â With a 0-60 of 4.4 seconds this stirs my soul. Â These Mustang GT’s sold for $35-45,000 just two years ago, so $27k seems like a good deal but not the $100,000 discount I look for in my German cars. Â But the 2015’s and up have an extensive array of technology and amenity upgrades that surprised me. Â Â For the same price as a 2015 Mustang GT you can buy a five to seven-year older Corvette, with better performance, more panache, but dated interior. Â It’s a real tough call. Â Check out this review:
Car and Driver Review – 2015 Mustang GT
Because there are so many Mustang GT’s young and old it’s tough to consider them unicorns at all. Â You don’t really have to work to corral them. Â The real unicorns are these; Shelby GT500’s and Bullitts. Â The Shelby’s are of Carroll Shelby fame, the racer and high performance modifier of Fords (we will ignore the crappy Dodges) since 1962. Â And if you think I spelled Bullitt wrong, I already know you won’t want one. Â But stick with me.
There are currently six Mustang Shelby GT500’s, originally sold from 2007-2009 for about $40,000 and up, with 475-500hp. Â The 0-60 times are about the same as the 2015 GT, but with far more brute force and in-your-face race car accouterments. Â The kicker is there are quadruplets here (all like the 16,000 mile example in red) selling for about $32,000 and only 7-25,000 miles for ten-year old cars! Â All available with (say it with me) five-year warranties for another 100,000 miles!
If $32,000 is too much, I’ve thrown in a 2008 car with about 46,000 miles for under $29,000. Â There’s a 2009 just like it.
Here’s the Car and Driver review from 2007:
Car and Driver Review 2007 Shelby GT500
As a note of caution, don’t be confused by the run-of-the-mill Ford Shelby GT. Â I was. Â It’s different and lesser than a Shelby GT350 or GT500. Â I thought I had scored an all around deal of low miles, low-cost, high performance, and exclusivity when I found this 2007 Ford Shelby GT for $25,000 and 27,000 miles. Â But when I went looking for reviews and performance data I found it’s considered a slightly tarted up GT – only 19hp more for far more cost. Â Bummer.
Car and Driver Review 2007 Shelby GT
Instead, a real car enthusiast and unicorn hunter would be proud to own one of these; 2008-2009 Mustang Bullitts, recreations of the famous 1968 Mustang driven by Lt. Frank Bullitt (Steve McQueen) in the movie Bullitt. Â Look up the movie and you’ll want one.
Ford didn’t just go stealthy, they added horsepower, changed gear ratios, and even tuned the exhaust to replicate the ’68 car. Â Manual transmission only, in green or black, with cool “Bullitt” insignia where the GT goes on the rear valance and the steering wheel. Â And CarMax seems to be scarfing up every one they can find. Â I watched one with only 4,000 miles on and one with 16,000 miles, both just over $20,000, go in a few days and before I started documenting unicorns.
Bullitt review here:Â Car and Driver Review 2008 Bullitt
But I was able to record these four, only three of which are available today. Â But sometimes they go away only to return again. Â Bullitts are very high on my list of “placeholder” cars, one I may buy and drive just for a fun year while awaiting my deeply discounted 911.