Reserve Price: $32,000
Selling Price: $31,500
Recent Market Range: $27,000-$40,000
The introduction of the Ford Mustang Shelby GT500 in 2007 marked a significant milestone for this iconic model. This vehicle boasted a supercharged V8 engine capable of generating an impressive 500 horsepower, which made it the first production pony car to achieve such power levels. Additionally, at less than $50,000, it stood out as one of the top performers among similarly priced vehicles. Enthusiasts eagerly acquired these cars, frequently purchasing them above their suggested retail prices and driving them minimally. Now, with values having declined, these once-coveted rides present more affordable opportunities for collectors today.
The 2008 Ford Mustang Shelby GT500 Convertible was recently sold on the solusikaki.com Marketplace for $31,500. As part of a post-auction Make Offer listing, this particular car stood out because, similar to numerous collector’s items kept in storage, it remained unmodified. At the time of submission, it displayed fewer than 17,000 miles on the odometer. Its low mileage and original state significantly contributed to attracting potential buyers during the auction.
Shelby GT500 Supercharged Engine
Much of the allure naturally stems from the initial design specs of the vehicle. Instead of equipping the Mustang GT with its standard 4.6-liter SOHC, 24-valve, 300-horsepower V8, Ford’s Special Vehicle Team (SVT) technicians installed a supercharged 5.4-liter, DOHC, 32-valve, 500-horsepower V8 under the hood. The company gauged this powerful engine at delivering 480 lb-ft of torque. Gear changes were managed exclusively through a Tremec TR6060 six-speed manual transmission. This power was transferred to the rear wheels using a limited-slip differential paired with a 3.31 final drive ratio.
When turning the standard Mustang GT into the GT500, Ford went beyond just upgrading the engine. To ensure better traction, they equipped it with Goodyear Eagle F1 Supercar tires—255/45ZR18 at the front and 285/40ZR18 at the back. Large 14-inch Brembo discs paired with four-piston calipers were installed upfront for superior stopping ability. At the rear, smaller 11.8-inch rotors coupled with dual-piston calipers took care of deceleration needs. Additionally, SVT engineering experts fine-tuned the vehicle’s independent front/liveline rear axle setup specifically for this high-performance model.
Interior Amenities of Mustang Shelby GT500
Inside, drivers were treated to Charcoal Black leather seating adorned with Cobra emblems along with a high-end Shaker 500 sound system. The vehicle featured a dashboard equipped with a set of six instruments, which also incorporated a boost gauge for monitoring the supercharger performance. Additionally, Ford fitted this model with an exclusive leather-wrapped steering wheel featuring distinctive red stitching.
A distinct "power dome" hood set apart the GT500 for those who couldn’t hear its specially designed stainless-steel exhaust system. The coupés featured "Le Mans racing stripes," whereas all versions included "GT500" side stripes positioned over the rocker panels.
Mustang Shelby GT500 Performance
When first introduced, the GT500 set a new standard for production Mustangs with impressive acceleration, achieving 0-60 mph in around four seconds and completing the quarter-mile in just under 13 seconds at speeds exceeding 110 mph. Even though it weighed several hundred pounds more than the Chevrolet Corvette, the GT500 offered comparable performance along with greater day-to-day comfort. Car and Driver characterized the vehicle as "highly consistent" when racing.
The 2008 Ford Mustang Shelby GT500 Convertible comes in the less common Vapor Silver hue. According to the seller's description, Ford manufactured only 245 GT500 Convertibles in this deep metallic finish. The vehicle was described as being in pristine shape; the paintwork remains original with a single "tiny paint chip" spotted on the left front fender. The seller mentioned that the car has never been driven during inclement weather and shows absolutely no signs of rust undercarriage-wise—this includes all standard components like bolts and brackets. However, there were some spider webs found beneath the car, suggesting it spent more time parked than out on the road.
Why the Mustang Shelby GT500 Represents a Steal in 2025
The odometer showing 16,825 miles indicated that the car had been driven roughly 1,000 miles annually since it was first purchased. Additionally, the seller provided a photocopy of the initial window sticker with the vehicle details. At the time of purchase, this convertible Mustang equipped with a powerful 500-horsepower engine came with a starting cost of $46,755. After adding various features and accounting for delivery charges, the total amount listed on the window sticker amounted to $52,780. Notably, most of these extra costs comprised an additional fee of $1,995 for a DVD-based navigation system as well as a $1,300 surcharge labeled "gas guzzler" tax. Indeed, such taxes appear under the optional extras section on what’s known as a Monroney sticker.
We can safely say that the initial buyer (rather than the seller at solusikaki.com) likely paid significantly above the nearly $53,000 suggested retail price. When these vehicles first came out, collectors quickly acquired them without clocking much mileage. Over time, numerous aspects have changed, including an increased availability of cars boasting upwards of 500 horsepower, along with several limited-edition Mustang models following suit since then.
That doesn’t mean this 2008 Ford Mustang Shelby GT500 Is now considered either slower or less appealing compared to when it was brand new. As these models have slightly decreased in value over time, they've turned into a good deal with their approximately 500 horsepower engines. Most of them have led sheltered lives and hence, the ones available for purchase tend not be modified. Although we view this sale as quite advantageous, it also illustrates how vehicle values generally drop after some years. Nonetheless, it remains priced competitively within its segment and retains considerable worth relative to what it originally cost.
The post Listed on solusikaki.com: Could the 2008 Ford Mustang Shelby GT500 Convertible Be a Good Deal Now? appeared first on The Online Automotive Marketplace .