KBB Logo Expert Review written by the Kelley Blue Book vehicle review editorial team.

You'll Like The 2008 Ford Mustang If...

If you're a fan of the affordable, powerful, rear-wheel-drive vehicles that have defined the American muscle car, you'll find the 2008 Ford Mustang a properly refined version and thoroughly satisfying.

You May Not Like The 2008 Ford Mustang If...

Although the 2008 Ford Mustang is noticeably larger than the previous generation, it still lacks much of the practicality -- like a roomy rear seat -- some people may need.

What's New

High-Intensity Discharge headlamps (HID) and an ambient interior light package are offered as options, while side airbags are made standard on all models. Two new Shelby Mustangs, the GT and GT500KR, are made available for 2008.

Interior Features

If the 2008 Ford Mustang's exterior puts you in a retro state of mind, the interior will transport you like a time machine. A steering wheel with three metal-look spokes teams up with a speedometer and tachometer that rest deep in their own chrome-ringed wells to deliver a driver's-seat view as retro as any. On the flip side, this throwback's instrument panel features a modern illumination system, color-configurable with 125 different lighting combinations. Seating is comfortable and the new car's added exterior dimensions allow for a noticeable increase in headroom and legroom. A few less hard-edge plastic surfaces would go a long way to turning a good interior into one that's great.

Exterior Features

By borrowing liberally from the Mustang's past, the new car's designers have created a vehicle that wholly captures the essence of the original. The long hood and short rear deck that have defined the Mustang from day one are joined by the return of round headlamps and vertical "tri-bar" taillamps especially reminiscent of the 1967 model. The Mustang V6 features nifty multi-spoke wheels with real three-point spinners and both the V6 and GT offer plenty of room for aftermarket customization.

Driving Impressions

The 2008 Ford Mustang fires up with the satisfying snarl every red-blooded American expects from one of the country's most identifiable vehicles (although the growl is more pronounced with the V8). On the road, the Mustang's chassis and suspension deliver both an insulated ride and controlled handling. Road irregularities are less jarring than in previous generations, and the car corners more confidently. While increased power from the V6 and V8 engines is part of the Mustang's appeal, the refined suspension is the car's most valuable improvement.

Pricing Notes

The Mustang Deluxe V6's Manufacturer's Suggested Retail Price (MSRP) starts just over $20,000, while the Premium coupe is about $1,000 more. The GT Deluxe has an MSRP of around $27,000, while the GT Premium starts close to $28,000. The Shelby models start around $44,000, but don't be surprised if demand pushes prices well above MSRP. A look at the Fair Purchase Price shows the transaction price for the Mustang V6 to be slightly below MSRP, but this may drop more over time. To avoid paying too much for your Mustang, be sure to compare pricing with the current Fair Purchase Price, which shows what others in your area are paying for their vehicles. Kelley Blue Book expects the Mustang V6 to retain a slightly better-than-average residual value over time. The GT version is projected to do even better, holding a significant advantage over the V6-powered car.

Notable Equipment

The Mustang V6 Deluxe includes a 4.0-liter SOHC V6 engine, five-speed manual transmission, four-wheel disc brakes, cloth sport bucket seats, 16-inch painted cast aluminum wheels, AM/FM stereo with CD and auxiliary input jack, manual air conditioning, one-touch up/down power windows, power mirrors, remote keyless entry, rear-window defroster, tilt steering wheel, front side airbags and cruise control. The GT Deluxe adds a 4.6-liter V8 engine, anti-lock brakes (ABS), traction control, fog lamps, rear spoiler and 17-inch cast aluminum wheels.

Notable Options

Features available only on select trim levels or as stand-alone options include the Pony Package (V6 only), the California Special Package, the GT Appearance Package (GT only), five-speed automatic transmission, 500- or 1000-watt audio system with six-disc CD/MP3 changer, leather seating, navigation, sport bucket seats, heated seats, anti-lock brakes (ABS) with traction control, HID headlamps, ambient interior light package, rear spoiler, 18-inch aluminum wheels, a 125-color instrument panel and the Warriors in Pink package, with proceeds going to help raise funds for the Susan G. Komen for the Cure foundation.

Favorite Features

Front-End Styling

With or without the GT's two additional grille-mounted headlamps, the new Mustang's front end defines it as both a modern muscle car and a tribute to the car's celebrated heritage.

Rear Suspension

The Mustang's suspension includes a newly designed solid rear axle that delivers improved ride and handling while still allowing for impressive smoky burnouts.

Under the Hood

For those not bothered by the lack of V8 growl, the V6's output is more than sufficient to get your blood flowing. Originally designed for use in the Ford Explorer SUV and Ranger pickup truck, the Mustang's V6 demonstrates a noticeable amount of vibration and harshness, and the single exhaust note just doesn't quite cut it---but the performance is surprisingly peppy. The GT is clearly faster and more refined, and its V8 is one feature many male buyers wouldn't dream of sacrificing. Ford's three-valve per cylinder technology allows the big V8 to breathe easier, producing better low-end power without sacrificing fuel efficiency. The true powerhouse, however, is the limited-production Shelby model, which features a 500-horsepower supercharged V8.

4.0-liter V6

210 horsepower @ 5250 rpm

240 lb.-ft. of torque @ 3500 rpm

EPA city/highway fuel economy: 17/26 (manual), 16/24 (automatic)

4.6-liter V8

300 horsepower @ 5750 rpm

320 lb.-ft. of torque @ 4500 rpm

EPA city/highway fuel economy: 15/23 (manual), 15/22 (automatic)

5.4-liter V8 Supercharged

500 horsepower @ 6000 rpm

480 lb.-ft. of torque @ 4500 rpm

EPA city/highway fuel economy: 14/20

Editors' Notes

The 2008 Ford Mustang shows not only Ford's commitment to keeping alive a legendary name, but the public's underestimated love of the traditional American muscle car. Shortly after its introduction, rivals Chevrolet and Dodge were sent scrambling, spending much of last year showing off revitalization plans for their own muscle car greats, the Camaro and Challenger. But show cars are no cars when it comes to sales and, for the time being, the Mustang is the only game in town. Unlike the terminated Pontiac GTO, the Mustang is blessed with iconic good looks, a choice of V6 or V8 engines and, most importantly, a really affordable sticker price. Make no mistake, serious competition is on the way but, for now, look for Ford to make the most of the Mustang's solo success.

Road Test Video Reviews

2008 Ford Mustang Owner Reviews

85 Reviews
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Still in love with this car.

2008 Ford Mustang GT Deluxe

I love this car, but I know that it has its issues. Like every ford, the interior is not top-notch like you would see with an import vehicle. I owned a 2000 ford focus in high school and the interior dash panel, where the tiles are to adjust the temperature and radio are exactly the same. You maybe would expect it to be a little bit different considering the trim of my vehicle. My car is 11 years old, and the Florida sun is starting to wear on it. However, if you keep this car in the garage, I would say that the convertible top would stay well preserved. The Florida sun and rain is harsh. The top is made from vinyl, but when I decide to replace my top, I will go with canvas. Vinyl is what the vehicle came with. All that being said, I am in love with this car. I love starting the engine and hearing the roar, I love having the top down and the way she looks. When I first bought this car, I could not stop looking in my driveway. Although my car is 11 years old, some people think that my car is brand new. The color is white with a cream convertible top. I find that this car is very reliable. I always keep up with the oil changes, and knock on wood, she has never left me stranded. She is a gas hog, that is for sure, but she is fast. I am still in love with this car after three years, and I do not regret my decision at all.

- Mary D

My red mustang was AMAZING at 17! Now I'm 27, and it's time for a new vehicle...

2008 Ford Mustang

I loved my car when I first got it! And I still do to a degree. Unfortunately, the material used for the seats is extremely poor quality. Even plain water leaves horrible stains. Overall, the seats aren't very comfortable. Also, over time I have encountered a lot of problems with the vehicle. Every time I turn my wheel now, my mustang makes a horrible loud grinding sound but no one can tell me what it is! Air bags are under a recall. But despite all of those problems, I will never forget how awesome it was to get a mustang as my first car. It's old now, but I will always have a soft spot in my fear for my first car!

- Amber B

Ford Mustang consumer review.

2008 Ford Mustang

My car handles very well. I love taking it on winding curvy mountain roads, it handles smooth. I love the heated seats and convertible top. The only real issue with it is that it seems to go through turn signal bulbs every three months. It is annoying having to replace the them especially the back ones. To get to the bulb, you pretty much have to break these plastic screws. The trunk is also a bit small. I keep a lot of things in my trunk so I wish it were a little bigger for storage. Other than that it has been an amazing and reliable car.

- Brittany C

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