Take advantage of these savings while you can.
If your new year's resolution is to buy a new muscle car, you are in luck. This month, Chevrolet is offering a $2,750 discount on the Camaro nationwide to try and boost sales of the slow-selling muscle car as it continues to lag behind its chief competitors, the Dodge Challenger and Ford Mustang. Not to be outdone, Ford is offering an even better incentive on the mighty Mustang throughout January, February, and March. With these discounts, you can save up to $3,250 on the Blue Oval automaker's pony car.
The biggest saving can only be applied to the Mustang EcoBoost Premium, which packs a 2.3-liter turbocharged inline-four engine generating 310 horsepower and 350 lb-ft of torque.
With a $3,250 reduction, the MSRP of the Mustang EcoBoost Premium Coupe drops to $29,630, while the Convertible variant is reduced to $35,130. The regular Mustang EcoBoost, on the other hand, is available with a $1,750 retail incentive, reducing the price of the Coupe to $26,115 and the Convertible to $31,615.
If you opt for the V8-powered Mustang GT Premium, you'll be entitled to a $2,250 rebate, slashing the price of the Coupe down to $38,825 and the Convertible to $44,325.
A $1,750 rebate is also available for the regular Mustang GT Fastback and Mustang Bullitt, reducing the price to $35,325 and $47,150 respectively. All prices include the $1,195 destination charge. By contrast, the 2021 Mustang is getting a price increase.
If you prefer leasing, the Mustang EcoBoost with an automatic transmission can be leased for $299 per month for 36 months with $2,769 due at signing. These offers are only available for the 2020 model year Mustang and are valid until March 31. Buyers are required to take delivery from an authorized Ford dealer's stock by March 31, 2021, but some customers may not qualify for these discounts so it's best to check with your local dealer.