Used 2007 Ford Mustang Coupe Used 2007
Ford Mustang Coupe

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KBB Editor's Overview

By Editorial Staff

Last year, Americans made the Ford Mustang the best selling convertible in the country, overtaking the long-time leader, the Chrysler Sebring. That was no small feat, considering the Sebring offers a bigger back seat, more trunk space and better fuel economy. But the iconic Mustang offers something even the most tricked-out Sebring can't - instant cool. That's because the Mustang convertible has somehow avoided the genderization we Americans seem to assign such cars. It is seen as neither too masculine nor too feminine, an attribute that allows for a healthy cross-section of shoppers for the V6 and GT trims. Of course, a price tag below $25,000 doesn't hurt, either. In the end, it's a sure bet that even a more expensive price wouldn't deter people from making this convertible number one.


You'll Like This Car If...

You'll like this car if you're looking for a sporty, four-passenger convertible that's a thoroughly modern take on a classic model. In the GT trim, the Mustang offers more bang-for-the-buck than pricier models from BMW, Nissan and Audi, all wrapped in a package that smacks of the red, white and blue.

You May Not Like This Car If...

Though better than the previous model, the Mustang's rear seat is still not as welcoming as the Chrysler Sebring's or Toyota Solara's. The lack of an independent rear suspension may offend some enthusiasts, as will the abundance of hard plastic surfaces inside the cockpit.

What's New for 2007

Two new packages, the California Special and GT Appearance Package, make the options list. All radios now feature an auxiliary input jack and SIRIUS Satellite Radio, while heated front seats and DVD navigation become welcome options

Driving It

Driving Impressions

Compared to the previous Mustang convertible, this new model is superior in every way. The rigid body results in far less cowl shake (the vibration seen in the dash and windshield pillar when the wheels encounter a rough patch of pavement), giving the new Mustang a real sense of solidity. With the top down, there is moderate wind buffeting at highway speeds and, with the top in place, the Mustang's interior is surprisingly devoid of wind and road noise. The 4.0-liter V6 packs an impressive punch, even with the five-speed automatic. More importantly, the V6 returns a 28-mile per gallon highway fuel economy rating, though heavy-footed drivers may never see such a rosy figure. The GT's 300-horsepower V8 isn't very frugal with fuel, but it is the engine of choice for the boy-racer, providing blisteringly quick acceleration and a deep, burbling exhaust note that tells everyone exactly what's under the hood.

Favorite Features

Spinner Alloy Wheels
Opt for the spinner alloy wheels on the V6 model - they look great and add a real touch of nostalgia.

Audio System
The optional Shaker 1000 six-disc MP3 player sounds amazing, though the trunk-mounted subwoofer does eat up most of the usable cargo space.

Vehicle Details


Not content to confine its retro design to the exterior, Ford also looked to the original car to inspire the Mustang convertible's instrument panel. Large round gauges feature a typeface reminiscent of the first Mustang, but offer variable color lighting for a twenty-first century touch. Seating is first rate, but some of the plastics around the console, door panels and speaker grilles feel flimsy and hard to the touch. Because the convertible was designed in conjunction with the coupe, the improved body rigidity allows for a tighter sealing roof and less body flex. The snug-fitting top offers small rear pillars for better visibility and actually provides more rear-seat headroom than the coupe.


Styling details from the original and second-generation Mustang convertibles are strongly evident, especially in the grille, rear deck and side scoops. The Mustang's convertible top folds nearly flush when retracted, giving the car a clean, powerful profile. After nearly 25 years of history-making designs that included highlights like the 1968 Mustang and lowlights like the Mustang II, the new Mustang finally has a look that appears to have evolved directly from the original.

Notable Standard Equipment

The base Mustang convertible has a power soft top, glass rear window with defroster, five-speed manual transmission, air conditioning, four-wheel disc brakes, keyless entry, power locks, power windows, dual power mirrors, AM/FM stereo with CD and auxiliary jack, cruise control, tilt wheel, 16-inch alloy wheels and variable wipers. The GT adds sport seats, anti-lock brakes (ABS), fog lights, rocker panel moldings, 17-inch alloy wheels and traction control.

Notable Optional Equipment

Options include leather seating, sport seats (V6), convertible top boot, Shaker 500 and 1000 sound systems with MP3-capable six-disc CD changer, five-speed automatic transmission, "My Color" instrument panel, alarm system, DVD navigation, SIRIUS Satellite Radio, front side-impact airbags, 16-inch alloy wheels with chrome spinners (V6), 17-inch Cobra wheels (GT) and a rear spoiler.

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 remarkably good. 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.

4.0-liter V6
210 horsepower @ 5250 rpm
240 lb.-ft. of torque @ 3500 rpm
EPA city/highway fuel economy: 19/28 (manual), 18/26 (automatic)

4.6-liter V8
300 horsepower @ 5750 rpm
320 lb.-ft. of torque @ 4500 rpm
EPA city/highway fuel economy: 17/25 (manual), 17/23 (automatic)


Pricing Notes

The V6-powered Mustang Deluxe convertible with the manual transmission has a Manufacturer's Suggested Retail Price (MSRP) of $24,820, while the automatic adds about $1,000. The V8-powered GT Deluxe starts at $30,845, while a fully loaded GT can reach $40,000. A look at the Fair Purchase Price shows the typical transaction price consumers are paying for the Mustang, so be sure to check it out before you start negotiating. As expected, both the Mustang V6 and Mustang GT retain excellent resale value, on par with more expensive competitors like the BMW Z4 and Mercedes-Benz SLK, and better than the Pontiac G6 and Mitsubishi Eclipse convertibles.

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