Yesterday, Ford finally released some key specs for the 2018 Mustang and we were impressed. The GT gets 460 horsepower and sprints to 60 mph in under four seconds, but Ford didn't announce how much it'd cost. Today, just went live on Ford's website, and with it, pricing. The four-cylinder EcoBoost starts at $25,585, while the V8-powered GT is $35,095.
For reference, the 2017 Mustang EcoBoost started at $26,000 and the GT was $33,000—that makes the new, base EcoBoost slightly cheaper than before, while the GT is $2000 dearer. Adding the Premium package to the EcoBoost costs a little over $5000, while it's just $4000 for the GT.
If you want a droptop Mustang, the EcoBoost Convertible starts at $31,085, and the GT Convertible—which is only available with the Premium Package—starts at $44,595. So, chopping your Mustang's roof off costs $5500, regardless of which engine you chose.
In addition to its revised looks, the 2018 Mustang gets a new, optional 10-speed automatic transmission that's currently used in the F-150 Raptor. On both models, this gearbox commands a $1600 premium. The EcoBoost doesn't get a power increase, but torque rises from 320 lb-ft to 350 lb-ft, and when equipped with the automatic, it runs to 60 mph in under five seconds.
We're most interested in the updated, $4000 Performance Package for the GT. In addition to sticky Michelin Pilot Sport 4S tires, the GT Performance Package gets optional, $1700 MagneRide dampers similar to those used on the Shelby GT350. These dampers work wonders in any car they're installed in, and promise big handling improvements for the Mustang.
The Performance Package is available for the EcoBoost too for just $2500, and you can option MagneRide Dampers for $1700 too. Both the EcoBoost and GT get a new Drag Strip mode to help with straight-line performance, while the V8-powered car gets an optional performance exhaust. And now, you can order the Performance Package on any Mustang—previously it was only available for manual-transmission hardtops.
The 2018 Mustang should arrive at dealers in the coming months, and hopefully, we'll drive it soon. We're especially interested in the GT Performance Package with MagneRide dampers—it sounds like it could give the excellent Camaro SS 1LE a run for its money.
A previous version of this story said that MagneRide dampers weren't available on the Mustang EcoBoost. The opposite is true, and the story has been updated to reflect that. We regret the error.