Used Ford Mustang Shelby GT500 for Sale nearElgin, 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 $85,815, and its nationwide average price reached a low of $76,594 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 is a strong pick if you want a muscle car with standout power and a memorable driving experience. The all-generations owner rating is 4.73/5 across every model year in the data.

Owners consistently praise its exhilarating performance, muscular design, and acceleration. They also highlight its striking looks and the excitement it brings behind the wheel.

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

The main trade-offs across recent expert-reviewed years center on high ownership cost, limited cargo space, and cabin materials that lean more basic than luxurious.

32.2% of listings are priced as good or great deals.

Are Ford Mustang Shelby GT500 models reliable?

Owners and experts consistently praise the Ford Mustang Shelby GT500 for its thrilling power, strong performance, and distinctive character. The car’s appeal is reinforced by enthusiastic owner feedback across the model years in the data.

• 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 shaped by the car’s high-performance hardware and the mechanical concerns noted in expert reviews, so a careful pre-purchase inspection is especially worthwhile.

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

Across all model years, accident-free inventory is excellent at 91.9% — 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:

• Shelby GT500: The standout choice for this year, with the hand-assembled 5.2-liter V8, 760 hp, 625 lb-ft of torque, and the 7-speed dual-clutch automated manual transmission. It also brings reworked suspension, braking, cooling, structural reinforcements, Michelin Pilot Sport performance tires, digital instrumentation, Sync 3 with an 8-inch touchscreen, Apple CarPlay, Android Auto, and Track Apps.
• Shelby GT500 with Technology Package: Adds a navigation system, a 12-speaker B&O Play premium sound system, blind-spot monitoring, and rear cross-traffic alert. This is the best-value trim if you want the most useful everyday tech and driver-assistance features alongside the core GT500 performance.
• Shelby GT500 with Carbon Fiber Track Package: Adds upgraded tires and carbon fiber trim, plus carbon-fiber wheels and a carbon-fiber adjustable racing wing in the test car described in the expert review. This trim suits you if you want the most track-focused appearance and hardware.

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 choices on color, mileage, and condition, which makes it easier to compare listings and find a strong match for your budget. They also tend to be the years shoppers see most often, so pricing and availability are easier to evaluate.

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

Prices are moving upward across the model years shown, which points to strong demand for recent Shelby GT500s. The newest examples show the biggest gains, while the earlier years in this table are also rising. That pattern suggests these cars are retaining value well in the used market.

The 2022, 2021, and 2020 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 Ford Mustang Shelby GT500 includes a standard reversing camera and a blind-spot driver’s side mirror, and the Technology Package adds blind-spot monitoring and rear cross-traffic alert.

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 $98,028. The Ford Mustang Shelby GT500 offers a distinctive Shelby identity with serious straight-line performance and a memorable muscle-car character.

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 September 11, 2026, CarGurus experts' opinions, and generative AI.