Interested in Leasing a Mustang GT? Here’s What To Know
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Ford is one of the most storied car makers in the country, and the Mustang is one of the most well-known cars in the world. Originally introduced in 1964, the Mustang has become a gold standard when it comes to muscle cars in large part because of its powerful engine. Since the company changed the focus of many of its vehicles to focus on fuel efficiency and family-oriented vehicles, the Mustang has become the face of Ford Motor Company for passenger cars, as it is the company’s longest-running nameplate. If you’re interested in leasing a Mustang GT, here’s what to know.
Known for its famous power, the base engine is a 2.3-liter turbocharged four-cylinder with 310 horsepower and EcoBoost. There is also a 5.0-liter V8 with 460 horsepower and 420 pound-feet of torque available. The drivetrain is Rear-wheel drive and comes with standard six-speed manual transmission, standard seven-speed dual-clutch automatic transmission (GT500 only), and an optional 10-speed automatic transmission.
The basic GT boasts power-adjustable front seats, new rear parking sensors, fog lights, and other distinctive design elements that are similar to the standard trim. The tires perform well, especially in dry summer conditions, Brembo front brakes, heavy-duty front springs, more chassis bracing, a bigger radiator, retuned chassis and stability control, a performance rear wing, a Torsen limited-slip differential, and a larger rear sway bar are all part of the optional GT Performance package.
The Big Question: Why Should You Lease a Car?
Leasing a vehicle is a good option for many drivers since it generally provides lower monthly payments than financing a car over a few extra years. Your payments will be cheaper since you are borrowing less money. Leases also typically need less money up front, such as a down payment, than financing over the years. With a lease, you often only need to come up with one or two thousand dollars at signing, but this will depend on the dealer you go to.
Since leases are just two or three years long, you’ll be able to upgrade every few years, which means you will have the greatest and most up-to-date technology and safety features in your vehicle. This is especially true if you want to learn about alternative engine technologies.
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Like plenty of other drivers, if you’re interested in leasing a Mustang GT, there’s probably a good chance fuel efficiency isn’t your number 1 priority. The Mustang GT gets up to 21 mpg in the city and 32 mpg on the highway with its standard turbo-four engine and 10-speed automatic gearbox. Those EPA-estimated numbers are better than most muscle cars, but they’re comparable to other four-cylinder sports cars.
If you switch from a manual to an automatic transmission, or from a convertible to a fastback, or if you choose the boosted horsepower, mileage drops to as low as 19 mpg in the city and 26 mpg on the highway. Mustang GT models with a V8 engine get 16⁄25 mpg with the automatic transmission and 15⁄24 mpg with the manual transmission.
Making a Down Payment
While vehicle leasing down payments are often smaller than car purchase down payments, some down payment is normally necessary. The down payment on most leases ranges from $0 to $3,000. The down payment may be more flexible if you’re not taking advantage of a leasing offer, but the more money you put down, the cheaper your monthly payments will be.
While the offers and specifics may vary by location, the Ford website provides this specific information for those interested in leasing a Mustang GT but may vary slightly by your zip code. You can enter your preferred location and check and differences here.
- $349 per month for 36 months
- At the time of signing, $3,169 is due in cash
- $0.15 per mile charge after 31,500 miles
- Waived Security Deposit
- Ford Credit Red Carpet Program (not everyone will qualify)
Taxes, title, and license fees are all included in the price but are not included in the additional security deposit. Qualifications and detailed details are available from the dealer. Optional items not included in payment may be included in the vehicle pictured.
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If you’re in the market for a speedy two-seater, we’ve got you covered. Check out our list of the best two-seater cars on the market today.
How Does This Compare to Buying Terms?
- Bonus Cash of $500
- 1.9 percent APR loan for 60 months
- The Mustang GT, which features a V8 engine instead of the regular turbocharged four-cylinder, starts just under $40,000
The Mustang GT Premium comes in two body styles: fastback (MSRP of $40,120) and convertible (MSRP $45,620). It comes with a leather interior and a universal garage door opener, as well as many of the same features as the EcoBoost premium.
The 2021 Ford Mustang is one of the most well-rounded sports vehicles on the market. It has a strong engine, excellent handling, a nice cabin, and a long list of amenities. You’ll just have to look beyond its cramped back seat and may not be great as a family vehicle.
U.S. News and World Report gives the Mustang GT a total score of 8.8 out of 10 stars
- Overall Score: 9.6⁄10 from critics
- Performance: 9.0/10
- Interior: 7.0/10
- Safety: 9.3/10
What About Competitors?
Chevrolet Camaro vs. Ford Mustang GT
Despite the fact that the Ford Mustang and Chevrolet Camaro have a lot in common, the Mustang GT is generally ahead of the Camaro by most standards. Ford wins the horsepower battle, with its standard 310 horsepower compared to the Camaro’s standard 275. Both vehicles have good handling, but you might prefer the Chevy since it is a bit more energetic. The interior of the Mustang is more streamlined, with greater visibility, a bigger trunk, and more standard safety equipment. These factors contribute to the Mustang’s decisive victory in this encounter.
8 QUESTIONS TO ASK WHEN BUYING A USED CAR
So you’re in the market for a used vehicle? We’ve gone ahead and prepped some essential questions to ask when buying a used car.
Dodge Challenger vs. Ford Mustang GT
One of the few muscle cars with more available horsepower than the Mustang is the Dodge Challenger. The Challenger offers two versions with 797 and 807 horsepower. Dodge’s performance is highlighted by pure muscle, although its size prevents it from matching the Mustang’s quick handling and nimble cornering.
The Challenger has a significant edge in terms of seating capacity, with five seats and a surprising amount of space in the second row and the Dodge features a spacious trunk that matches that of many big sedans. Both models have a similar interior quality and basic amenities.
Ford is one of the premier American car makers, and if you’re interested in leasing a Mustang GT, the first step you should take is going for a test drive. Most leasing terms can be found online or with a car to your dealership, and then it comes down to what you’re comfortable paying and what’s available.
Get a Curated List of the Best Used Cars Near You
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