Used 2007 Ford Mustang Shelby GT500 for Sale near Decatur, IL
23 results
![Black ([UA] Ebony Clearcoat) 2008 Ford Mustang Shelby GT500 Coupe RWD Coupe Rear-Wheel Drive Manual](https://static.cargurus.com/images/forsale/2026/05/03/23/02/2008_ford_mustang_shelby_gt500-pic-5897360453502109493-1024x768.jpeg?io=true&width=640&height=480&fit=bounds&format=jpg&auto=webp)
About 2007 Ford Mustang Shelby GT500
4.8 Overall rating(20 reviews)
Jun 18, 2024
I liked the look and relatively low miles. Horsepower was a plus also.
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$$.
Performance – Excellent acceleration, braking & handling
Build Quality – There are no squeaks/rattles
Appearance – It has both interior and exterior styling
Cost of Ownership – It gets good gas mileage
Fun Factor – this car is fun to drive!
Jun 18, 2013
I love the handling and performance. It draws attention at car shows and has been a show winner. It is very quick and very responsive. This is just a plain out fun car. I have had othter shelby's and they don't compare.
4.8 Overall rating
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Bruce S
Reviewed a 2007 Ford Mustang Shelby GT500 on Jun 18, 2024
I liked the look and relatively low miles. Horsepower was a plus also.
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Lenny K
Reviewed a 2007 Ford Mustang Shelby GT500 on Oct 9, 2025
Beautiful car. One small flaw in the paint. Dash plaque was worn and apparently not replaceable. Over priced in my opinion.
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Tedd S
Reviewed a 2007 Ford Coupe RWD on Jun 6, 2008
The car has power through out the entire power range!! It pulls in each gear!!
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Glen S
Reviewed a 2007 Ford Coupe RWD on Sep 19, 2008
It is a Shelby. Horsepower, Handling, Style. What more is there to say. This car Kicks A$$. 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!
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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
$43,500
9.6%
2007 Ford Mustang Shelby GT500
Index Price
$28,987
1.5%
All used vehicles
2007 Ford Mustang Shelby GT500 Pricing Analysis
Pricing by Popular US Cities
Market Area: Nationwide
Key Insights
- Highest Priced City: Chicago, IL ($134,900) likely reflects limited supply and high demand for collectible models in urban markets.
- Lowest Priced City: Washington, DC ($34,000) presents a significant value opportunity, with potential buyers benefiting from a lower average price.
- Inventory Variability: Cities like Los Angeles (26 listings) and Dallas (26 listings) showcase competitive pricing close to the average, while markets with fewer listings may exhibit higher price volatility.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Chicago, IL | 24 | $134,900 |
| Dallas, TX | 26 | $46,915 |
| Miami, FL | 20 | $49,950 |
| Atlanta, GA | 28 | $43,997 |
| Los Angeles, CA | 26 | $45,867 |
| Washington, DC | 29 | $34,000 |
| Boston, MA | 25 | $36,997 |
Pricing by Trim Packages
Key Insights
- Most Common Trim: The Coupe RWD (205 listings) is the predominant option, indicating strong consumer preference and availability.
- Price Differentiation: The Convertible RWD ($46,500 MSRP) is priced higher due to its added appeal and features, highlighting a premium segment within the market.
- Engine Performance Across Trims: Both trims feature a 5.4L 500 hp V8, emphasizing performance as a key selling point for this model.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| Coupe RWD | 205 | $41,675 | RWD | 5.4L 500 hp V8 |
| Convertible RWD | 49 | $46,500 | RWD | 5.4L 500 hp V8 |
Pricing Analysis by Model Year
Key Insights
- Significant Appreciation for Recent Models: The 2022 Shelby GT500 currently averages $120,108, reflecting a 56.4% premium above its original MSRP, suggesting strong demand for newer models.
- Stable Pricing for Older Models: The 2011 Shelby GT500 holds its average price close to its starting MSRP ($48,606 vs. $48,645), indicating resilience in value among certain vintage models.
- Value Opportunities in Model Years 2012-2014: Models from these years exhibit lower depreciation trends compared to older models, making them potentially strong value propositions.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2022 Ford Mustang Shelby GT500 | $76,820 | $120,108 | +56.4% |
| 2021 Ford Mustang Shelby GT500 | $70,300 | $102,229 | +45.4% |
| 2020 Ford Mustang Shelby GT500 | $70,300 | $95,898 | +36.5% |
| 2014 Ford Mustang Shelby GT500 | $55,110 | $71,289 | +29.3% |
| 2013 Ford Mustang Shelby GT500 | $54,200 | $60,287 | +11.3% |
| 2012 Ford Mustang Shelby GT500 | $48,810 | $50,616 | +3.3% |
| 2011 Ford Mustang Shelby GT500 | $48,645 | $48,606 | -0.1% |
| 2010 Ford Mustang Shelby GT500 | $46,325 | $48,805 | +5.4% |
| 2009 Ford Mustang Shelby GT500 | $42,685 | $45,024 | +5.5% |
| 2008 Ford Mustang Shelby GT500 | $42,170 | $46,647 | +10.6% |
These recommendations are based on CarGurus' proprietary market data from May 14, 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 $43,500.00. The average price has increased by 17% since last year. The 23 for sale near Decatur, IL on CarGurus, range from $31,735 to $69,500 in price.
How many 2007 Ford Mustang Shelby GT500 vehicles in Decatur, IL have no reported accidents or damage?
19 out of 23 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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