2008 Ford Mustang GT500 4.0L V8

Used Car - 3 745 km - Manual - Petrol - Moto Village, Diep River, Cape Town

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You're getting a Bad deal! This car is priced 75.0% higher compared to other cars

Asking Price

R 1 399 950

This car is priced 75.0% higher than the average retail value of this make and model.

Average Retail Value

R 799,900.00

The average price of all cars listed of the same brand and model.

2008 Ford Mustang GT500 4.0L V8 Price Comparison

The average price of similar cars is R 799,900.00. The price of this car is R 1,399,950.00. This car is priced 75.0% higher than other similar cars.

Cars used in the price comparison:

Understanding the Price vs. Kilometers Done Scatter Plot

This chart helps you see how the price of cars compares to how much they’ve been driven.

  • Each Dot: Represents a car similar to the one you’re looking at.

    • Horizontal Line (X-axis): Shows the number of kilometers the car has been driven.
    • Vertical Line (Y-axis): Shows the price of the car.
  • Red Triangle: Highlights the car you’re currently viewing.

What This Means for You:

  • Lower Left Area: Cars that are cheaper and have been driven less.
  • Middle Area: Cars that have a typical balance between price and kilometers driven.
  • Upper Right Area: Cars that are more expensive and have been driven more.

Red Triangle Placement:

  • If the red triangle is towards the lower left: Your car is a great deal—priced lower and driven fewer kilometers than most similar cars.
  • If the red triangle is in the middle: Your car is priced and driven similarly to other cars.
  • If the red triangle is towards the upper right: Your car is priced higher and has been driven more than most similar cars.

This visualization helps you quickly understand how your car stacks up in terms of price and usage, making it easier to make informed decisions.

Understanding the Price Distribution Histogram

This chart shows how the prices of cars similar to the one you’re viewing are spread out.

  • Each Bar: Represents a range of prices (e.g., R 4,900,000 – R 5,000,000) and how many cars fall into that range.
  • Red Highlighted Bar: Indicates the price range of the current car you’re looking at.

What This Means for You:

  • Red Bar on the Left: Your car is priced lower than most similar cars.
  • Red Bar in the Middle: Your car is priced similarly to other cars.
  • Red Bar on the Right: Your car is priced higher than most similar cars.

This helps you quickly see where your car stands in the market and make informed decisions.

More 2008 Ford Mustang GT500 4.0L V8 Details

Performance Specs

  • Engine: 4.0L V8
  • Horsepower: Approximately 300 hp
  • Torque: 320 ft-lb
  • 0-100 km/h: Approximately 6 seconds
  • Transmission: 5-speed manual
  • Fuel Economy: Around 14 L/100km combined

Ownership Costs & Maintenance

  • Average Annual Maintenance Cost: R10,000 – R15,000
  • Insurance Cost: R900 – R1,200 per month
  • Fuel Cost: R2,800 per month (based on 500 km/week at current fuel rates)
  • Common replacements: Brake pads, battery, tires, and oil changes
  • Parts availability: Moderate to high depending on the part

Car Comparisons

  • Chevrolet Camaro SS: Similar power with a 6.2L V8, potentially higher insurance costs
  • Dodge Challenger RT: Comparable performance, often higher fuel consumption
  • Audi TT: Less powerful but more fuel-efficient, higher maintenance costs

Market Insight

  • The Ford Mustang GT is a niche vehicle with a strong cult following in South Africa
  • The resale value remains high due to consistent demand among enthusiasts
  • As a performance car, it faces competition primarily from other American muscle cars and some European sports cars
  • Recent increases in fuel prices may impact the desirability of high-consumption vehicles like the Mustang

Finance Calculator





Monthly Payments: R 25 626,18

Total Interest: R 585 129,75

Total Payment: R 1 845 084,75

* Please note that these calculations are only estimates and must be confirmed with your finance provider.

Frequently Asked Questions

How do you calculate the value of the cars listed?

We use an algorithm that analyzes various data points, including market trends, mileage, car condition, and historical prices for similar models. This helps us determine a fair market value and compare it to the listed price

The charts compare the car’s current price with average prices for similar models. You can see trends for different factors like the car’s age, mileage, and condition. This visual tool helps you understand whether the listing price is above or below the market average.

The price is influenced by the car’s make, model, year, mileage, condition, and location. Additionally, supply and demand in the used car market can cause price fluctuations. Please note that we don’t set the price, but the seller does.

Our pricing data is updated daily to ensure accuracy. We continuously track listings and sales across multiple platforms to keep our data current.

We provide a comparison between the car’s listing price and its market value based on similar models. If the listing price is below the market value, it may indicate a good deal. We also highlight the price difference on the page combined with a label Good, Bad, or Fair.

The mileage data is provided by the seller. We recommend verifying the mileage during the inspection and checking the car’s service history for any inconsistencies.

We don’t directly offer financing, but we provide links to trusted third-party partners that can assist with financing options tailored to your needs.

If you have any concerns about a specific car listing, such as suspicious pricing or inaccurate information, you can report it to our team, and we will investigate further.

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