Used Ford Mustang Shelby GT500 for Sale nearHowell, MI

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 $79,128, and its lowest point over the past year was $75,181. 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 compelling used performance car if you want a dramatic muscle-car experience with strong owner enthusiasm behind it. The all-generations owner rating is 4.7/5 across every model year in the data.

Owners consistently praise its exhilarating power, impressive performance, thrilling driving experience, muscular design, and acceleration. The main trade-offs center on basic interior features, limited rear passenger space, and fuel economy.

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

The honest trade-offs are its high price, limited cargo space, and value that leans heavily toward performance rather than practicality.

34.1% of listings are priced as good or great deals.

Are Ford Mustang Shelby GT500 models reliable?

Owners consistently praise the Ford Mustang Shelby GT500 for its exhilarating power, impressive performance, and thrilling driving experience. Expert coverage also highlights its strong straight-line capability and engaging character, which helps explain why it remains such a desirable used performance car.

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

For long-term ownership, you should plan for a high-performance car with premium running costs and pay close attention to maintenance history and condition.

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

Across all model years, accident-free inventory is solid at 89.9% — always verify the vehicle history report.

Key things to evaluate:

• Safety package: blind-spot monitoring and rear cross-traffic alert in the Technology Package
• Infotainment: Sync 3 infotainment system with an 8-inch touchscreen display, Apple CarPlay, Android Auto, HD Radio, satellite radio, FordPass Connect services, and nine stereo speakers
• Fuel efficiency: fuel economy ratings of 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 core 2020 GT500 centers on the hand-assembled 5.2-liter V8, 7-speed dual-clutch automated manual transmission, and 760 hp output, making it the clear choice if you want the model’s full performance identity.
• GT500 with Carbon Fiber Track Package: This version adds carbon-fiber wheels, upgraded tires, and carbon-fiber trim, and it suits you if you want the most track-focused setup described in the expert review.
• GT500 with Technology Package: This version adds navigation, blind-spot monitoring, rear cross-traffic alert, and a 12-speaker B&O Play premium sound system, making it the best-value trim for buyers who want more everyday convenience and audio upgrades.

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 tend to draw more shoppers because they give you more inventory to compare and more chances to find the right price and condition. They also usually make it easier to shop for the color, mileage, and equipment mix you want.

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

Prices are rising across the most recent model years, which points to strong demand for this performance car. The newest examples show the smallest increase, while the older recent years have climbed more sharply. That pattern suggests the GT500 continues to command strong used-market interest.

The 2020, 2021, and 2022 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

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 $96,032. The Ford Mustang Shelby GT500 offers dramatic styling and a highly collectible performance character that make it especially appealing to enthusiasts.

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

How does the 2021 Ford Mustang Shelby GT500 compare to the 2021 Chevrolet Camaro?

These recommendations are based on CarGurus' proprietary market data from November 3, 2026, CarGurus experts' opinions, and generative AI.