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2020 Ford Mustang
#2 Best Convertibles of 2020

Used 2020 Ford Mustang

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2025
2020
Fuel Economy
14 - 25 combined mpg
Horsepower
310 - 760 hp
Engine
5 engines available
Engine Options
  • 4-Cyl, High Performance, EcoBoost, 2.3 Liter
  • 4-Cyl, Turbo, EcoBoost, 2.3 Liter
  • V8, 5.0 Liter
  • V8, 5.2 Liter
  • V8, Supercharged, 5.2 Liter
Cargo Volume
11.4 - 13.5 cu ft
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2020 Ford Mustang Review

Colin Ryan

By Colin Ryan

Updated November 08, 2019

Colin Ryan specializes in writing about new cars. He has done this for the Los Angeles Times, Variety, Kelley Blue Book, Autotrader, Popular Mechanics, Mazda and Lexus customer magazines, plus a bunch of enthusiast sites and publications. And he spent several years as a staff writer at BBC Top Gear magazine. During this zig-zag of a career trajectory, he has driven everything from budget Malaysian hatchbacks (yes, they exist) to scarily expensive Italian exotica.

Pros

  • A legendary name as well as a truly modern car
  • Base engine is energetic, but not too thirsty
  • Available in coupe or convertible body styles
  • Optional 10-speed automatic transmission

Cons

  • Small rear seats, if they’re fitted
  • No option for all-wheel drive
  • Entry and exit can be a tad undignified

What's New?

  • The 760-horsepower Mustang Shelby GT500 variant is all-new for 2020
  • High Performance package for 2.3 EcoBoost adds 20 horsepower and hardware
  • 2.3 EcoBoost also eligible for Handling package with adaptive suspension
  • Wi-Fi becomes standard in every Mustang through FordPass Connect

The 2020 Ford Mustang is far more than a mere car, it’s a high point in American automotive culture. That’s true for many (though not all) Mustangs throughout the years, but this 2020 model is a pinnacle of sorts.

The new Mustang spans a power gamut from a peppery 310-horsepower EcoBoost model to a breathtaking 760-horsepower Shelby GT500 supercar. When someone buys a Mustang, in coupe or convertible form, they’re participating in a heritage while also driving the name into a thrilling future. The Mustang feels special, bringing a sense of occasion every time you jump in, even if you’re just going to pick up the dry cleaning.

There are rivals, specifically the Chevrolet Camaro and Dodge Challenger. But the fixed-roof Mustang is among the best-selling coupes in the world.

2020 Ford Mustang Pricing

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors, but here's a general idea of what buyers are currently paying for used 2020 Ford Mustang models when purchasing from a dealership.

Original MSRP
KBB Fair Purchase Price (national avg.)
$29,460
$18,534
$34,960
$20,400
$35,470
$21,019
$38,420
$26,818
$41,965
$19,954
$43,415
$31,208
$48,900
$38,436
$48,915
$30,003
$61,635
$51,097
$73,330
TBD
$74,095
TBD

For reference, the 2020 Ford Mustang originally had a starting sticker price of $29,460, with the range-topping Mustang Shelby GT500 Coupe 2D starting at $74,095.

Which Model is Right for Me?

2020 Ford Mustang EcoBoost

Turbocharged 310-horsepower engine

Track Apps performance data

17-inch alloy wheels

Power-operated fabric top in convertible

2020 Ford Mustang EcoBoost Premium

18-inch alloy wheels

Leather upholstery

Dual-zone automatic climate control

Apple CarPlay/Android Auto smartphone integration

2020 Ford Mustang GT

460-horsepower V8

Rev-matching manual transmission

Power-adjustable front seats

Rear parking sensors

2020 Ford Mustang GT Premium

18-inch alloy wheels

Leather upholstery

Dual-zone automatic climate control

Apple CarPlay/Android Auto smartphone integration

2020 Ford Mustang Bullitt

480-horsepower V8

Dedicated alloy wheel design

Trim-specific color choices including Dark Highland Green

Brembo brakes

Torsen limited-slip differential

2020 Ford Mustang Shelby GT350

526-horsepower V8

MagneRide adaptive dampers

Brembo brakes

Recaro sport seats

2020 Ford Mustang Shelby GT350R

19-inch carbon-fiber wheels

Carbon-fiber rear wing

Track-focused suspension tuning

Rear-seat delete

2020 Ford Mustang Shelby GT500

760-horsepower supercharged V8

7-speed dual-clutch automated transmission

180-mph top speed

Magnesium front-strut tower brace

Driving the Ford Mustang

At the time of compiling this review, no one outside of Ford/Shelby R&D had driven the supercharged 2020 GT500 (on sale fall 2019). But let’s just say it again: dude, 760 horsepower.

Slightly down the pecking order, but probably more suitable for the average gearhead, is the Mustang GT version enjoying 460 horsepower from a 5.0-liter V8 whose rumble and roar is pure Americana. It can also sprint from standstill to 60 mph in under four seconds. Only a few years ago, that kind of acceleration was the preserve of exotic supercars. Heck, even the 4-cylinder turbocharged EcoBoost can handle the charge in under five seconds.

The MagneRide adaptive suspension brings a best-of-both-worlds capability of supple balance between ride and handling. And although we remain fans of the 6-speed manual transmission, the 10-speed automatic has a fine way of keeping whichever engine it’s connected to on song, so drivers can fully explore that beefy powerband.

Interior Comfort

For front occupants, the new Mustang is roomy enough and most of the controls are easily reached. In regular versions, rear accommodation is tight; in Shelby models, the rear seats are ditched to save weight. Although there is the option to reinstate them.

Rear three-quarter vision is impeded by the coupe’s wide pillars and sloping roof. Blind spots are also a liability when the convertible’s fabric roof is in place.

Speaking of soft-tops, a latch at the top of the windshield must be released before the power-folding mechanism does its work.

Trunk space is useful — the coupe comes with 13.5 cubic feet; the convertible has 11.4. The rear seats can also split and fold.

The optional digital dash is cool. It reconfigures depending on the drive mode and is highly customizable.

Exterior Styling

Never have go-faster stripes been more desirable or visually effective. They’re optional, but should be obligatory on the Ford Mustang coupe to make the most of that classic long-nose/short-tail profile. They look especially evocative with the white/blue or blue/white combination in the Shelby cars.

The Bullitt model comes solely as a coupe (known as Fastback) and offers Dark Highland Green Metallic as an exterior paint color. No such largesse with convertible Mustangs; the fabric roof is black.

Favorite Features

SYNC 3
Unlike earlier Sync systems, Sync 3 appears to have fixed initial glitches and performs impressively through an 8-inch touch screen or voice activation. This setup now includes Apple CarPlay and Android Auto integration, plus FordPass apps allowing users to start, lock and locate their Mustang via a smartphone.

REV-MATCHING TECHNOLOGY
The future of the manual transmission is possibly bleak, but there are still some thrills to squeeze out of it. Especially when the GT’s 6-speed manual has rev-matching technology that performs smooth, throttle-blipping downshifts. For a driver to reach such a level of perfection might have taken many months, perhaps years, of heel-toe practice.

Standard Features

The most affordable 2020 Mustang EcoBoost Fastback has a push-button start, 17-inch alloy wheels, high-intensity-discharge (HID) headlights, 4-way manually adjustable driver’s seat, selectable settings for the steering (Comfort/Normal/Sport), and Track Apps displaying performance parameters such as lateral acceleration. The basic audio setup includes AM/FM radio, CD player, Bluetooth and two USB ports.

Going up to Premium trim brings the Sync 3 infotainment system, 18-inch alloy wheels, rear spoiler and dual-zone automatic climate control. Mustang GT versions have that glorious 5.0-liter V8, stronger brakes and a line-lock feature to spin the rear wheels (to warm up the tires on the track, as opposed to impressing friends in the parking lot).

Factory Options

A new Mustang can be ordered with many options. Such as ventilated front seats, Bang & Olufsen 12-speaker/1,000-watt audio, blind-spot monitoring, 10-speed automatic transmission, leather-covered Recaro sport seats, sport exhaust system, bigger wheels, performance/handling packages, and MagneRide adaptive dampers.

Buyers may also choose how much power they’d like. The Bullitt and Shelby models all live at this rarefied level. Options for the Shelby cars include wheels made from carbon fiber.

Engine & Transmission

Purists may scoff at a 4-cylinder engine in a Mustang, but the turbocharged 2.3-liter unit in the EcoBoost versions makes a respectable 310 horsepower. The new-for-2020 High Performance package boosts that to 330.

However, a growling V8 seems so right. Mustang GT models have a 5.0-liter unit developing 460 horsepower; the Bullitt has the same engine tuned for 480 horsepower.

The Shelby GT350 and GT350R deploy a 5.2-liter V8 generating 526 horsepower, while the GT500 bolts on a supercharger for an astonishing 720 horsepower. This latter drivetrain also features a 7-speed dual-clutch automated transmission.

The EcoBoost comes with a 6-speed manual shifter, while the GT’s manual includes the rev-matching function. And the GT350/350R has its own special 6-speed manual. A 10-speed automatic transmission with paddle shifters is optional in the EcoBoost and GT Mustangs. All models are rear-wheel drive (RWD).

2.3-liter turbocharged inline-4
310 horsepower @ 5,500 rpm
350 horsepower @ 6,000 rpm (High Performance Package)
350 lb-ft of torque @ 3,000 rpm
EPA city/highway fuel economy: 21/30 mpg (manual), 21/32 mpg (automatic), 20/28 mpg (manual/automatic, convertible), 20/27 mpg (manual, coupe w/High Performance Package), 20/28 mpg (automatic, coupe w/High Performance Package)

5.0-liter V8 (GT)
460 horsepower @ 7,500 rpm
420 lb-ft of torque @ 4,600 rpm
EPA city/highway fuel economy: 15/24 mpg (manual, coupe), 16/25 mpg (automatic, coupe), 14/23 mpg (manual, convertible), 15/24 mpg (automatic, convertible)

5.0-liter V8 (Bullitt)
480 horsepower @ 7,000 rpm
420 lb-ft of torque @ 4,600 rpm
EPA city/highway fuel economy: 14/23 mpg

5.2-liter V8 (GT350/GT350R)
526 horsepower @ 7,500 rpm
429 lb-ft of torque @ 4,750 rpm
EPA city/highway fuel economy: 14/21 mpg

5.2-liter supercharged V8 (GT500)
760 horsepower @ 7,300 rpm
625 lb-ft of torque @ 5,000 rpm
EPA city/highway fuel economy: 12/18 mpg


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2020 Ford Mustang
KBB.com Consumer Reviews

4.6
Consumer Rating
Based on 216 Consumer Reviews
Write a Review
90%Recommend this vehicle
5
81%
5
81%
4
11%
4
11%
3
3%
3
3%
2
1%
2
1%
1
5%
1
5%
Value
4.6
Performance
4.8
Quality
4.6
Comfort
4.5
Reliability
4.7
Styling
4.8

Trending Topics in KBB.com Consumer Reviews

2020 Ford Mustang Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
Top Speed
Curb Weight
EcoBoost Coupe 2D
$18,534
25 MPG
310 @ 5500 RPM
4-Cyl, Turbo, EcoBoost, 2.3 Liter
13.5 cu ft
350 lb-ft
N/A
3515 lbs
EcoBoost Premium Coupe 2D
$21,019
25 MPG
310 @ 5500 RPM
4-Cyl, Turbo, EcoBoost, 2.3 Liter
13.5 cu ft
350 lb-ft
N/A
3515 lbs
GT Coupe 2D
$26,818
19 MPG
460 @ 7500 RPM
V8, 5.0 Liter
13.5 cu ft
420 lb-ft
N/A
3743 lbs
GT Premium Coupe 2D
$31,208
19 MPG
460 @ 7500 RPM
V8, 5.0 Liter
13.5 cu ft
420 lb-ft
N/A
3743 lbs
BULLITT Coupe 2D
$38,436
17 MPG
480 @ 7000 RPM
V8, 5.0 Liter
13.5 cu ft
420 lb-ft
163 mph
N/A
Shelby GT350 Coupe 2D
$51,097
16 MPG
526 @ 7500 RPM
V8, 5.2 Liter
13.5 cu ft
429 lb-ft
N/A
3760 lbs
Shelby GT350R Coupe 2D
N/A
16 MPG
526 @ 7500 RPM
V8, 5.2 Liter
13.5 cu ft
429 lb-ft
N/A
3662 lbs
Shelby GT500 Coupe 2D
N/A
14 MPG
760 @ 7300 RPM
V8, Supercharged, 5.2 Liter
13.5 cu ft
625 lb-ft
N/A
4170 lbs
See Full Specs for All 2020 Ford Mustang Styles
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2020 Ford Mustang Depreciation

A 2020 Ford Mustang has depreciated $9,952 or 37% in the last 3 years and has a current resale value of $16,497 and trade-in value of $14,103.

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2020 Ford Mustang
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2020 Ford Mustang Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2022
+ $528
$26,449
$24,093
2023
$3,146
$23,303
$21,118
2024
$3,956
$19,347
$17,348
Now
$2,850
$16,497
$14,103
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2020 Ford Mustang 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
3515 lbs.
EPA Passenger
82.8 cu.ft.
EPA Total Interior
96.4 cu.ft.
Fuel Capacity
15.5 gallons
Front Head Room
37.6 inches
Front Leg Room
45.1 inches
Max Seating Capacity
4
Overall Length
188.5 inches
Front Shoulder Room
56.3 inches
Towing Capacity, Maximum
1000 lbs.
Trunk or Cargo Capacity
13.5 cu.ft.
Turning Diameter
36.5 feet
Wheel Base
107.1 inches
Width with mirrors
81.9 inches

Exterior

Alloy Wheels
Available
Number of Doors
2 doors
LED Headlights
Available
Rear Spoiler
Available

Fuel Economy

City
21 mpg
Highway
32 mpg
Combined
25 mpg

Mechanical

Drivetrain
RWD
Transmission Type
Automatic
10 speed
Available
Recommended Fuel
Premium
Hill Start Assist
Available
Limited Slip Differential
Available

Performance

Horsepower
310 @ 5500 RPM
Torque
350 @ 3000 rpm
Engine
4-Cyl, Turbo, EcoBoost, 2.3 Liter

Warranty

Basic
3 years / 36000 miles
Powertrain
5 years / 60000 miles
Corrosion
5 years / Unlimited miles

Entertainment

  • MP3 Player
  • Satellite Radio

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • 12V Power Outlet
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Folding Rear Seat
  • Cloth Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Security

  • Alarm System

Technology

  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Internet Access
  • Proximity Sensing Keyless Entry
  • Push-Button Engine Start
  • Remote Engine Start
  • Smartphone Interface
  • Touch Screen Monitor
  • USB Port
  • Voice Recognition System
  • Real-Time Traffic Information

2020 Ford Mustang Safety

2020 Ford Mustang Safety Technology

Electronic Stability Control

This keeps the Mustang going in the desired direction. But it’s not just a blanket system for the whole range. The sportier models allow some leeway for driver input and to get the tail in a controlled slide.

Four-wheel disc brakes

Not quite so ho-hum as the heading suggests. The basic models have basic setups, admittedly. But from the Bullitt version upwards, the braking systems come from Brembo, suppliers to companies like Ferrari.

Blind-spot monitoring

5.0

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
Frontal Crash
5.0
Side Barrier
5.0
Rollover Rating
5.0
Side Crash
5.0

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See Details
Price
$18,534
$22,396
$14,532
$21,043
KBB.com Rating
4.6
4.6
4.4
4.3
Consumer Rating
4.6
4.7
4.2
3.9
Fuel Economy
City 21/Hwy 32/Comb 25 MPG
City 26/Hwy 36/Comb 30 MPG
City 27/Hwy 34/Comb 30 MPG
City 24/Hwy 32/Comb 27 MPG
Fuel Type
Gas
N/A
N/A
N/A
Safety Rating
5.0
5.0
N/A
N/A
Seating Capacity4544
Basic Warranty
3 years or 36000 miles
3 years or 36000 miles
5 years or 60000 miles
3 years or 36000 miles
Horsepower
310 @ 5500 RPM
205 @ 5700 RPM
147 @ 6200 RPM
200 @ 7000 RPM
Engine
4-Cyl, Turbo, EcoBoost, 2.3 Liter
4-Cyl, Turbo, 1.5 Liter
4-Cyl, 2.0 Liter
4-Cyl, 2.0 Liter
Drivetrain
RWD
FWD
FWD
RWD
Compare More

2020 Ford Mustang Rankings

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FAQs

How much power does the V8-engined 2020 Ford Mustang have?

If it’s the regular GT, we’re looking at 460 horsepower, which is quite a lot, especially for the money.

Is there a Bullitt Mustang version for 2020?

Yes. Although it was introduced last year as a limited edition, there’s also a 2020 model. The bad news is that it’s $1,215 more expensive this year with no extra equipment as justification.

What generation is the 2020 Ford Mustang?

It’s the sixth generation, which debuted for the 2015 model year. A new generation isn’t expected until 2026.

Where is the 2020 Ford Mustang built?

In Flat Rock, Michigan.

Is the 2020 Ford Mustang a good vehicle?

Yes, the 2020 Ford Mustang is a good car, as reflected by its above-average Kelley Blue Book rating of 4.6 out of 5.

What is the MPG for a 2020 Ford Mustang?

2020 Ford Mustang city/highway fuel economy ratings range from 12/18 mpg to 21/32 mpg, depending on trim and equipment.

How much should a 2020 Ford Mustang cost?

Used 2020 Ford Mustang prices currently range from $18,534 for the Shelby GT350R Coupe 2D to $51,097 for the Shelby GT350 Coupe 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Ford Mustang?

The cheapest 2020 Ford Mustang is the Shelby GT350R Coupe 2D, with a Kelley Blue Book Fair Purchase Price of $18,534.

Is the 2020 Ford Mustang reliable?

The 2020 Ford Mustang is part of the 6th-generation Mustang, which our owners give an above-average reliability rating of 4.7 out of 5.

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