Used 2008 Ford Mustang Shelby GT500 Cobra Convertible 2D
Pricing
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Values and Prices
Fair Purchase Price is determined by collecting thousands of actual consumer vehicle purchase prices, plus data from national vehicle registration databases and several other reliable third-party sources.
Estimated Values
Condition | Trade-In Value | Private Party Value | ||
|---|---|---|---|---|
Excellent | $13,050 | $18,660 | ||
Very Good | $12,600 | $18,060 | ||
Good | $12,100 | $17,360 | ||
Fair | $10,900 | $15,660 |
Estimated Trade-In Values for the 2008 Ford Mustang Shelby GT500 Cobra Convertible 2D range from about $10,900 to $13,050 depending on vehicle condition. Estimated Private Party Values range from about $15,660 to $18,660 depending on vehicle condition. Valid for ZIP Code 98201 through 3/23/2026.
2008 Ford Mustang Shelby GT500 Cobra Convertible 2D Depreciation
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2008 Ford Mustang Shelby GT500 Cobra Convertible 2D Annual Depreciation
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
|---|---|---|---|---|---|
2023 | $1,070 | $17,256 | $16,163 | ||
2024 | $392 | $16,864 | $15,946 | ||
2025 | $3,155 | $13,709 | $12,324 | ||
Now | + $4,141 | $17,850 | $12,400 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
2008 Ford Mustang Shelby GT500 Cobra Convertible 2D Depreciation
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Specifications
Dimensions, Weights & Capacities
Curb Weight | 4040 lbs. | ||
|---|---|---|---|
EPA Passenger | 81.6 cu.ft. | ||
EPA Total Interior | 91.3 cu.ft. | ||
Fuel Capacity | 16.0 gallons | ||
Front Head Room | 38.8 inches | ||
Front Leg Room | 42.7 inches | ||
Max Seating Capacity | 4 | ||
Overall Length | 187.6 inches | ||
Front Shoulder Room | 55.4 inches | ||
Trunk or Cargo Capacity | 12.3 cu.ft. | ||
Turning Diameter | 37.0 feet | ||
Wheel Base | 107.1 inches | ||
Width with mirrors | 74.0 inches |
Exterior
Alloy Wheels | Available | ||
|---|---|---|---|
Fog Lights | Available | ||
HID Headlights | Available | ||
Number of Doors | 2 doors | ||
Rear Spoiler | Available |
Fuel Economy
City | 14 mpg | ||
|---|---|---|---|
Highway | 20 mpg | ||
Combined | 16 mpg |
Mechanical
Drivetrain | RWD | ||
|---|---|---|---|
Transmission Type | Manual | ||
6 speed | Available | ||
Recommended Fuel | Premium | ||
Limited Slip Differential | Available |
Performance
Horsepower | 500 @ 6000 RPM | ||
|---|---|---|---|
Torque | 480 @ 4500 rpm | ||
Engine | V8, Supercharged, 5.4L | ||
Top Speed | 143 mph |
Warranty
Basic | 3 years / 36000 miles | ||
|---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 5 years / Unlimited miles |
2008 Ford Mustang Shelby GT500 Cobra Convertible 2D Standard Features
2008 Ford Mustang
KBB.com Review
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.
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.
2008 Ford Mustang
KBB.com Consumer Reviews
Consumer Rating
2008 Ford Mustang Shelby GT500 Cobra Convertible 2D Safety
Safety Features & Technology
Crash Test Rating
Compare to Similar Vehicles
 Used 2008 Ford Mustang Shelby GT500 Cobra Convertible 2D |  Used 2019 Audi A5 |  Used 2013 Mercedes-Benz SLK-Class |  Used 2018 Chevrolet Camaro | ||
|---|---|---|---|---|---|
| Price | $19,450 | $19,900 | $19,800 | $19,500 | |
| KBB.com Rating | N/A | 4.8 | 3.9 | 4.4 | |
| Consumer Rating | 4.7 | 4.0 | 4.8 | 4.0 | |
| Fuel Economy | City 14/Hwy 20/Comb 16 MPG | City 23/Hwy 34/Comb 27 MPG | City 19/Hwy 28/Comb 22 MPG | City 16/Hwy 28/Comb 20 MPG | |
| Fuel Type | Gas | Gas | Gas | Gas | |
| Seating Capacity | 4 | 4 | 2 | 4 | |
| Basic Warranty | 3 years or 36000 miles | 4 years or 50000 miles | 4 years or 50000 miles | 3 years or 36000 miles | |
| Horsepower | 500 @ 6000 RPM | 248 @ 5000 RPM | 415 @ 6800 RPM | 335 @ 6800 RPM | |
| Engine | V8, Supercharged, 5.4L | 4-Cyl, Turbo, 2.0 Liter | V8, 5.5 Liter | V6, 3.6 Liter | |
| Drivetrain | RWD | AWD | RWD | RWD |