Used Ford Mustang Shelby GT500 for Sale nearCarthage, IL

How much does the Ford Mustang Shelby GT500 cost in today's market?

Used Ford Mustang Shelby GT500 prices span a wide range depending on model year. Here's what the market looks like right now:

The Ford Mustang Shelby GT500's current nationwide average price is $84,237, and its nationwide average price reached a low of $76,795 over the past year. Recently, prices have held firm or risen year-over-year across the most recent model years.

Is the Ford Mustang Shelby GT500 a good car?

Yes — the Ford Mustang Shelby GT500 stands out if you want a dramatic, high-performance muscle car with strong owner appeal. The all-generations owner rating is 4.73/5 across every model year in the data.

Owners consistently praise the GT500 for its exhilarating power, impressive performance, and thrilling driving experience. They also highlight its muscular design and acceleration, which help define its appeal as a collectible, excitement-first Mustang.

Expert reviews rate the 2020 model among the highest across all years.

The main trade-offs center on cargo space, interior simplicity, and value, especially in the most expensive examples. 34.5% of listings are priced as good or great deals.

Are Ford Mustang Shelby GT500 models reliable?

Owners consistently rate the Ford Mustang Shelby GT500 highly for its power, performance, and driving excitement. Expert feedback also reinforces its strong straight-line capability and engaging character, especially in the newest reviewed model year.

• Owners rate the Ford Mustang Shelby GT500 between 3.8 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is tied more to high-performance hardware and age-related wear than to everyday commuting demands.

What should I look for when buying a used Ford Mustang Shelby GT500?

Across all model years, accident-free inventory is excellent at 92.1% — clean inventory, standard diligence applies.

Key things to evaluate:

• Fuel efficiency: 12 mpg in the city and 18 mpg on the highway

Which Ford Mustang Shelby GT500 trim should I buy?

The 2020 Ford Mustang Shelby GT500 offers these trims:

• GT500: The 2020 GT500 centers on the hand-assembled 5.2-liter V8, 7-speed dual-clutch transmission, digital instrumentation, and Sync 3 infotainment with an 8-inch touchscreen, Apple CarPlay, Android Auto, and Track Apps. It suits you if you want the core GT500 experience with the model’s defining performance hardware.
• GT500 with Technology Package: This version adds a navigation system, a 12-speaker B&O Play premium sound system, blind-spot monitoring, and rear cross-traffic alert. It is the best-value choice if you want the most useful everyday upgrades alongside the GT500’s performance focus.
• GT500 with Carbon Fiber Track Package: This version adds carbon-fiber wheels, upgraded tires, and carbon-fiber trim, and it pairs especially well with buyers who want the sharpest track-oriented setup and the most aggressive visual presence.
• GT500 with both Technology Package and Carbon Fiber Track Package: This combination brings together the comfort and convenience upgrades with the performance-oriented carbon-fiber hardware, making it the most complete choice for buyers who want the fullest equipment mix.

What Ford Mustang Shelby GT500 do most buyers choose?

The Ford Mustang Shelby GT500 years with the most listings are 2021, 2022, and 2020.

Higher-volume years usually give you more shopping flexibility, more price comparison opportunities, and a better chance of finding the color, mileage, and equipment mix you want. They also tend to be the easiest years to shop if you want a broader selection of listings in one place.

What is the Ford Mustang Shelby GT500's resale value?

Prices are moving upward across the model years shown, which points to strong demand and solid retained value. That kind of movement can make the GT500 a more confidence-inspiring used purchase if you want a performance car that continues to attract buyers. The 2022, 2020, and 2021 model years have held their value best, with prices flat to rising year-over-year.

Is the Ford Mustang Shelby GT500 safe?

• 2020: 8/10

The 2020 model includes a blind-spot monitoring system and rear cross-traffic alert with the Technology Package.

For the safest used buy, the 2020 model posts the highest confirmed score of 8/10.

Should I buy a used Ford Mustang Shelby GT500 now?

Buy now if:

• Sweet-spot year: The 2021 model has the most listings at a current average price of $97,074. The Ford Mustang Shelby GT500 offers a dramatic, collectible muscle-car character that makes it especially appealing if you want a car with a strong personality and serious performance presence.

If you're buying used today, the 2021 model year offers the best mix of value and availability.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.