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2014 Ford Mustang KBB Expert Review

The Fair Market Range for this car in your area is $25,008 - $25,941.

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MSRP $28,335

Fair Purchase Price $25,475
Fair Market Range ($25,008 - $25,941)

Invoice $26,753

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KBB Expert Rating 7.8 / 10
This Car - 2014 Ford Mustang
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Consumer Rating 9.2 / 10

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KBB Expert Review

Vehicle Details Interior  Dashboard, center console, gear shifter view photo

The 2014 Ford Mustang's cabin is cozy and comfortable for a performance car. Soft-touch surfaces lend a more premium feel, offsetting the impression of swaths of flat surfaces and plastic panels. Recaro racing-style seats are available, but even the standard front seats are nicely supportive. The two rear seats look appealing with their deep sculpting, but legroom and headroom are very tight for normal-size adults. Think of the back seats as handy stowage space. Controls are logically arrayed and easy to use. In the Premium and GT500 models, the Electronics Package adds an 8-inch color touch screen and navigation system.

Exterior   photo

Not looking a whole lot different from prior years is one of the things that keep the Ford Mustang iconic. For 2014, the Mustang gets some new paint colors. The front and rear treatments introduced last year, including high-intensity-discharge headlight and LED taillights, carry on. Along the sides, body-color rocker panels make the car look more cohesive. For those who like to let the outside in, base V6 and GT V8 models can be had as convertibles, and the coupe offers an optional glass roof. GT500 models have quad tailpipes and an aerodynamic front end.

Notable Standard Equipment

A base 2014 Mustang comes equipped with air conditioning, power windows and doors, AM/FM/CD player with auxiliary inputs, selectable steering feel, 50/50 folding rear seats (in coupes), and remote keyless entry. Higher-trim models add a 4.2-inch color information screen, ambient lighting, Recaro cloth seats, a Shaker audio system and universal garage door opener. Convertible models feature a power-operated cloth roof.

Notable Optional Equipment

Most extras for the 2014 Mustang are bundled in packages specific to trim. Among the options available are heated front seats, leather trim, voice-activated navigation, side scoops, and nifty side mirrors that project the image of a pony on the ground below. Performance packages can further crank up the Mustang's capability with Brembo brakes, stiffer suspension, leather Recaro seats, and bigger wheels with extra-grippy tires.

Under the Hood

Modern technology makes power and fuel efficiency less mutually exclusive than they used to be. Mustangs with V6 engines put out 305 horsepower yet they're rated at 31 mpg highway. The 5.0-liter V8 in GT models makes 420 horsepower and has a 26 mpg highway rating. The King of the Hill Shelby GT500 with its supercharged 5.8-liter V8 makes an unbelievable 662 horsepower, yet still gets a pretty thrifty 15/24 EPA rating. The standard transmission for V6 and GT is a 6-speed manual, with a 6-speed automatic option. The Shelby GT500 uses a heavy-duty Tremec 6-speed manual. All Mustangs are rear-wheel drive and have a traction-control system.

3.7-liter V6
305 horsepower @ 6,500 rpm
280 lb-ft of torque @ 4,250 rpm
EPA city/highway fuel economy 19/29 mpg (manual), 19/31 mpg (automatic)

5.0-liter V8
420 horsepower @ 6,500 rpm
390 lb-ft of torque @ 4,250 rpm
EPA city/highway fuel economy 15/26 mpg (manual), 18/25 mpg (automatic)

5.8-liter supercharged V8
662 horsepower @ 6,500 rpm
631 lb-ft @ 4,250 rpm
EPA city/highway fuel economy: 15/24 mpg

Pricing Notes

The 2014 Ford Mustang coupe has a starting Manufacturer's Suggested Retail Price (MSRP) of just under $23,000. A GT model comes in at around $31,500 and a GT500 at $55,400. Convertible versions add about $5,000 to the price tag. At its base cost, the 2014 Mustang is priced about $1,200 below a base Chevy Camaro and roughly $3,500 below a base Dodge Challenger, making it the bargain of the trio and even undercutting a 4-cylinder Hyundai Genesis Coupe by more than $2,000. Be sure to check the Fair Purchase Price to see what others in your area are paying for their 2014 Ford Mustangs. Resale value of the Mustang is expected to be slightly below that of the Camaro and Challenger.

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