Moving on to the higher-up V8 GT model, Ford reported that it would start at $27,995. Like the base V6 model, the GT is the cheapest among the big pony cars. The V8-powered Camaro starts at $30,995. And the Challenger HEMI V8 R/T model is a little cheaper than the Camaro, at $30,545. But let us not forget that the Mustang GT is down on power compared to its deadliest rivals.
However, there's a clue with Ford cheap pricing for the Mustang. Whereas the Shelby GT500 is expect to be priced around $42,000, there's a huge price gap between the GT and the GT500. So the question comes, will Ford come up with a Mustang to fill in that gap? Well rumors reported that Ford may come up with a 5.0L V8 Mustang with 400hp at the 2009 Detroit Auto Show in January. So we have to wait until then.
Source : [Ford]