Used 2007 Ford Mustang Shelby GT500 for Sale nearDecatur, IL
15 vehicles found
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2008
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Performance White
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal/Crimson)
- Transmission:
- Manual
- Mileage:
- 67,638
- Stock #:
- P127906_1
- VIN:
- 1ZVHT88S985127906
2008 Ford Mustang Shelby GT500
Coupe RWD
67,638 mi
Home delivery from Carrollton, TX
Price includes $974 shipping
Fair Deal
$31,194
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Black
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black/Dove
- Transmission:
- 6-Speed Manual
- Mileage:
- 3,335
- Stock #:
- 9337
- VIN:
- 1ZVHT88S575367968
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2007 Ford Mustang Shelby GT500
Coupe RWD
3,335 mi
Home delivery from Oak Forest, IL
Price includes $500 shipping
Fair Deal
$53,853
- Year:
- 2008
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- White
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Manual
- Mileage:
- 13,155
- VIN:
- 1ZVHT88S485164474
2008 Ford Mustang Shelby GT500
Coupe RWD
13,155 mi
Home delivery from Dallas, TX
Price includes $651 shipping
Fair Deal
$44,867
- Year:
- 2008
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Torch Red Clearcoat
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Charcoal Black Leather Sport Buckets
- Transmission:
- 6-Speed Manual
- Mileage:
- 38,756
- Stock #:
- 11073
- VIN:
- 1ZVHT89S885133503
2008 Ford Mustang Shelby GT500
Convertible RWD
38,756 mi
Home delivery from Lisle, IL
Price includes $142 shipping
Fair Deal
$33,300
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Black
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 6-Speed Manual
- Mileage:
- 24,970
- Stock #:
- 306306
- VIN:
- 1ZVHT88S675306306
2007 Ford Mustang Shelby GT500
Coupe RWD
24,970 mi
Home delivery from Bend, OR
Price includes $3,344 shipping
Fair Deal
$40,059
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Torch Red Clearcoat
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black/Red Accent
- Transmission:
- 6-Speed Manual
- Mileage:
- 7,167
- Stock #:
- LNX8738
- VIN:
- 1ZVHT88S675213432
2007 Ford Mustang Shelby GT500
Coupe RWD
7,167 mi
Home delivery from Lees Summit, MO
Price includes $596 shipping
Fair Deal
$47,731
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Performance White
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- 6-Speed Manual
- Mileage:
- 4,751
- Stock #:
- 2198
- VIN:
- 1ZVHT88S475358386
2007 Ford Mustang Shelby GT500
Coupe RWD
4,751 mi
Home delivery from Chattanooga, TN
Price includes $665 shipping
Great Deal
$41,244
- Year:
- 2008
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Black ([UA] Ebony Clearcoat)
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Charcoal Black Leather Sport Buckets
- Transmission:
- Manual
- Mileage:
- 9,447
- Stock #:
- 3463-TR
- VIN:
- 1ZVHT89S185144486
![Black ([UA] Ebony Clearcoat) 2008 Ford Mustang Shelby GT500 Convertible Rear-Wheel Drive Manual](https://static.cargurus.com/images/forsale/2026/06/24/16/15/2008_ford_mustang_shelby_gt500-pic-386412713128966639-1024x768.jpeg?io=true&width=640&height=480&fit=bounds&format=jpg&auto=webp)
2008 Ford Mustang Shelby GT500
Convertible RWD
9,447 mi
Home delivery from Lewisville, TX
Price includes $975 shipping
Fair Deal
$45,120
- Year:
- 2008
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- White
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 6-Speed Manual
- Mileage:
- 13,317
- Stock #:
- P6858 S
- VIN:
- 1ZVHT88S985197051
Price drop
-$2,000
2008 Ford Mustang Shelby GT500
Coupe RWD
13,317 mi
Home delivery from Grand Rapids, MI
Price includes $344 shipping
Good Deal
$42,524
$40,524
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Black Clearcoat
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Dark Charcoal)
- Transmission:
- 6-Speed Manual
- Mileage:
- 19,426
- Stock #:
- T75245072
- VIN:
- 1ZVHT88S875245072
2007 Ford Mustang Shelby GT500
Coupe RWD
19,426 mi
Home delivery from Flagstaff, AZ
Price includes $1,893 shipping
Fair Deal
$39,536
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Convertible
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Torch Red Clearcoat
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black (Dark Charcoal)
- Transmission:
- Manual
- Mileage:
- 5,715
- Stock #:
- STK278515
- VIN:
- 1ZVHT89S775278515
2007 Ford Mustang Shelby GT500
Convertible RWD
5,715 mi
Home delivery from Elwood, IN
Price includes $168 shipping
Good Deal
$43,668
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Performance White Clearcoat
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 6-Speed Manual
- Stock #:
- A15664
- VIN:
- 1ZVHT88S075348146
Price drop
-$2,000
2007 Ford Mustang Shelby GT500
Coupe RWD
Home delivery from Wahoo, NE
Price includes $414 shipping
No Rating
$70,613
$68,613
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- White
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Manual
- Mileage:
- 5,268
- Stock #:
- 063-26-520T
- VIN:
- 1ZVHT88S975248644
2007 Ford Mustang Shelby GT500
Coupe RWD
5,268 mi
Home delivery from Tyngsboro, MA
Price includes $1,394 shipping
High Priced
$56,868
About 2007 Ford Mustang Shelby GT500
4.8 Overall rating(20 reviews)
Oct 9, 2025
Beautiful car. One small flaw in the paint. Dash plaque was worn and apparently not replaceable. Over priced in my opinion.
Jun 6, 2008
The car has power through out the entire power range!!
It pulls in each gear!!
Sep 19, 2008
It is a Shelby. Horsepower, Handling, Style. What more is there to say. This car Kicks A$$.
Performance – Excellent acceleration, braking & handling
Build Quality – There are no squeaks/rattles
Appearance – It has both interior and exterior styling
Cost of Ownership – It gets good gas mileage
Fun Factor – this car is fun to drive!
Jun 18, 2013
I love the handling and performance. It draws attention at car shows and has been a show winner. It is very quick and very responsive. This is just a plain out fun car. I have had othter shelby's and they don't compare.
Jul 19, 2009
The car has a lot of power and is very predictable on the race track. It is one of those cars that is right at home in the city, on the highway or on the track. It was a great buy for me.
- Year:
- 2008
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Black (Ebony Clearcoat)
- Combined gas mileage:
- 17 MPG
- Fuel type:
- Gasoline
- Interior color:
- Charcoal Black Leather Sport Buckets
- Transmission:
- 6-Speed Manual
- Mileage:
- 1,400
- Stock #:
- NC-251146560
- VIN:
- 1ZVHT88S285200291
2008 Ford Mustang Shelby GT500
Coupe RWD
1,400 mi
Home delivery from Lubbock, TX
Free home delivery
High Priced
$70,799
- Year:
- 2007
- Make:
- Ford
- Model:
- Mustang Shelby GT500
- Body type:
- Coupe
- Doors:
- 2 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 500 hp 5.4L V8
- Exterior color:
- Black (Ebony)
- Fuel type:
- Gasoline
- Interior color:
- Black (Charcoal)
- Transmission:
- 5-Speed Automatic
- Mileage:
- 8,236
- Stock #:
- W-251145279
- VIN:
- 1ZVHT88S575213325
2007 Ford Mustang Shelby GT500
Coupe RWD
8,236 mi
Home delivery from Salt Lake City, UT
Free home delivery
Overpriced
$61,298
4.8 Overall rating
Filter by rating
Lenny K
Reviewed a 2007 Ford Mustang Shelby GT500 on Oct 9, 2025
Beautiful car. One small flaw in the paint. Dash plaque was worn and apparently not replaceable. Over priced in my opinion.
Is this review helpful?
Tedd S
Reviewed a 2007 Ford Coupe RWD on Jun 6, 2008
The car has power through out the entire power range!! It pulls in each gear!!
Is this review helpful?
Glen S
Reviewed a 2007 Ford Coupe RWD on Sep 19, 2008
It is a Shelby. Horsepower, Handling, Style. What more is there to say. This car Kicks A$$. Performance – Excellent acceleration, braking & handling Build Quality – There are no squeaks/rattles Appearance – It has both interior and exterior styling Cost of Ownership – It gets good gas mileage Fun Factor – this car is fun to drive!
Is this review helpful?
Anonymous
Reviewed a 2007 Ford Coupe RWD on Jun 18, 2013
I love the handling and performance. It draws attention at car shows and has been a show winner. It is very quick and very responsive. This is just a plain out fun car. I have had othter shelby's and they don't compare.
Is this review helpful?
2007 Ford Mustang Shelby GT500 Trims
| Trim type | MSRP |
|---|---|
| Coupe RWD | $41,675 |
| Convertible RWD | $46,500 |
2007 Ford Mustang Shelby GT500 Price Trends
CarGurus tracks the prices of millions of used car listings every year. See how the average price of 2007 Ford Mustang Shelby GT500 prices has changed over time.
See more price trendsAVG Price
$43,446
0.2%
2007 Ford Mustang Shelby GT500
Index Price
$29,152
0.5%
All used vehicles
2007 Ford Mustang Shelby GT500 Pricing Analysis
Pricing by Popular US Cities
Market Area: Nationwide
Key Insights
- Highest Price in Chicago: The Chicago, IL market commands the highest average price at $149,900, likely due to a combination of demand and limited supply.
- Lowest Price in Dallas: In contrast, Dallas, TX offers the lowest average price at $42,114, indicating a more price-sensitive market or higher inventory levels.
- Regional Pricing Variability: The significant price difference between cities suggests varying demand dynamics, with urban areas like Chicago showing premium pricing compared to more affordable markets like Dallas and Washington, DC.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Chicago, IL | 21 | $149,900 |
| Atlanta, GA | 23 | $64,995 |
| Boston, MA | 21 | $49,990 |
| Washington, DC | 23 | $31,000 |
| Dallas, TX | 21 | $42,114 |
Pricing Analysis by Model Year
Key Insights
- Significant Premium for Newer Models: The 2022 Ford Mustang Shelby GT500 is priced at $116,907, reflecting a 52.5% increase over its original MSRP, indicating strong demand for the latest model.
- Depreciation Trends: Older models, such as the 2011 Ford Mustang Shelby GT500, show a decline in average price to $46,846, which is about -3.3% compared to its original MSRP, suggesting a relatively stable depreciation curve for this model.
- Best Value in 2012 Model Year: The 2012 model is priced at $54,115, which is only +10.5% above its original MSRP, making it a potentially attractive option for buyers looking for value.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2022 Ford Mustang Shelby GT500 | $76,820 | $116,907 | +52.5% |
| 2021 Ford Mustang Shelby GT500 | $70,300 | $104,448 | +48.5% |
| 2020 Ford Mustang Shelby GT500 | $70,300 | $94,919 | +35.2% |
| 2014 Ford Mustang Shelby GT500 | $55,110 | $66,096 | +19.9% |
| 2013 Ford Mustang Shelby GT500 | $54,200 | $67,210 | +24.0% |
| 2012 Ford Mustang Shelby GT500 | $48,810 | $54,115 | +10.5% |
| 2011 Ford Mustang Shelby GT500 | $48,645 | $46,846 | -3.3% |
| 2010 Ford Mustang Shelby GT500 | $46,325 | $47,205 | +1.9% |
| 2009 Ford Mustang Shelby GT500 | $42,685 | $45,787 | +7.4% |
| 2008 Ford Mustang Shelby GT500 | $42,170 | $48,705 | +15.5% |
These recommendations are based on CarGurus' proprietary market data from July 9, 2026, CarGurus experts' opinions, and generative AI.
FAQs
How much does the 2007 Ford Mustang Shelby GT500 cost in Decatur, IL?
The average 2007 Ford Mustang Shelby GT500 costs about $43,446.24. The average price has increased by 16.2% since last year. The 15 for sale near Decatur, IL on CarGurus, range from $31,194 to $70,799 in price.
How many 2007 Ford Mustang Shelby GT500 vehicles in Decatur, IL have no reported accidents or damage?
14 out of 15 for sale near Decatur, IL have no reported accidents or damage.
What is the fuel economy of the 2007 Ford Mustang Shelby GT500?
Depending on the engine and options, the 2007 Ford Mustang Shelby GT500 gets between 16 and 16 MPG (or EV battery range).
What fuel types are available?
Gasoline engines are available.
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