The 2012 Ford Mustang GT gets a price cut

That’s right – the “base” model 2012 Mustang GT Coupe packing a 412hp 5.0 mated to a 6-speed manual transmission has been cut by $500, with an MSRP of just $29,145. This price (and all others in this article) does not include the destination charge which, for 2011 models, was $850 but even with the additional “because we can” charge the 2012 Mustang GT can be yours for under $30k. This means that not only is the new 5.0-powered Ford Mustang GT one of the quickest V8 muscle cars on the market but it also now the least expensive. This reduction in price comes after Dodge announced that their 2011 Challenger R/T with a 375hp 5.7L Hemi had been cut in price (putting it at the same price point as the 2011 Mustang GT) and this $500 reduction applies to both the soft and hard topped 2012 Mustang GT.

In addition to the price cut to the entry level 2012 Mustang GT, Ford raised the prices of a few other trimlines. The 2012 Mustang V6 Premium get $200 price hikes in coupe and convertible form with the V6 Premium Coupe starting at $26,045 and the V6 Convertible starts at $31,045. The Mustang GT Premium sees the same $200 price increase, now starting at $33,045 for the Coupe and $38,045 for the drop top. The entry level 2012 Mustang V6, both as a Coupe and Convertible, remains at the same price as the 2011 models ($22,145/$27,145)

Also, as previously reported, the 2012 Mustang Boss 302 has been given an MSRP but with a very select group of Ford dealerships getting their hands on this limited edition, high performance Mustang, we cant expect to see too many Boss Mustangs leave the dealership with the new owner only shelling out the $40,145 suggested by Ford.

Unfortunately, awesome high performance Mustang + limited production = massive dealer markups.

Regardless of how dealerships will handle the final pricing of the 2012 Mustang Boss 302, Ford Motor Company will likely continue to battle back against the Chevrolet Camaro with the bragging rights of offering the most bang for your buck with the 2012 Mustang GT.

Click here for complete pricing details from Edmunds, including options and upgrade packages for the 2012 Ford Mustang and Mustang GT.