The 2016 Mustang features retro sheet metal and styling cues. Powertrain options include a 3.7-liter V-6, turbocharged 2.3-liter four-cylinder or 5.0-liter V-8 rated at 435 horsepower. Competitors include the Chevrolet Camaro and Dodge Challenger.GT models now have secondary turn signals in the ... Read Full Report
What We Like
What We Don't Like
Notable Features
Editor's note: This review was written in December 2014 about the 2015 Ford Mustang. Little of substance has changed with this year's model. To see what's new for 2016, click here, or check out a side-by-side comparison of the two model years. Ford gets it right with the 2015 Mustang, thoroughly upgrading the historic muscle car inside and out while providing a welcome dose of th... Read full review for the 2016 Ford Mustang
I love my new 2016 Mustang, It is quick and fun to drive. The 4 cylinder turbo has more than enough power and the automatic with paddle shifters performs well and is quick. I also am impressed with th... Read Full Review
Recalls
There are currently 3 recalls for this car.
Safety defects and recalls are relatively common. Stay informed and know what to do ahead of time.
Service & Repair
Bumper-to-Bumper
36mo/36,000mi
Powertrain
60mo/60,000mi
Roadside Assistance Coverage
60mo/60,000mi
What you should get in your warranty can be confusing. Make sure you are informed.
Bumper-to-Bumper
Often called a basic warranty or new-vehicle warranty, a bumper-to-bumper policy covers components like air conditioning, audio systems, vehicle sensors, fuel systems and major electrical components. Most policies exclude regular maintenance like fluid top offs and oil changes, but a few brands have separate free-maintenance provisions, and those that do offer them is slowly rising. Bumper-to-bumper warranties typically expire faster than powertrain warranties.
Powertrain
Don't be misled a 10-year or 100,000-mile powertrain warranty doesn't promise a decade of free repairs for your car. It typically covers just the engine and transmission, along with any other moving parts that lead to the wheels, like the driveshaft and constant velocity joints. Some automakers also bundle seat belts and airbags into their powertrain warranties. With a few exceptions, powertrain warranties don't cover regular maintenance like engine tuneups and tire rotations.
Roadside Assistance
Some automakers include roadside assistance with their bumper-to-bumper or powertrain warranties, while others have separate policies. These programs cover anything from flat-tire changes and locksmith services to jump-starts and towing. Few reimburse incidental costs like motel rooms (if you have to wait for repairs).
Free Scheduled Maintenance
Some automakers include free scheduled maintenance for items such as oil changes, air filters and tire rotations. Some include consumables including brake pads and windshield wipers; others do not. They are typically for the first couple of years of ownership of a new car.
Understand which payment method will save you the most money. Should you pay by cash, lease or loan?
Cash Payment
$ MSRP
Loan Payment
$ /mo
Total Cost
$
Lease Payment
$ /mo
Total Cost
$
Title, taxes, other fees and incentives are not included in these calculations, which are estimates only.
You must enter your Make, Model, Year and Trim to estimate your lease payment and to compare it with your car loan payment.
AVERAGE TOTAL COST
DEPRECIATION
FEES, TAXES & FINANCING
INSURANCE
FUEL
MAINTENANCE & REPAIR
Sorry, We don't seem to have Total Cost of Ownership data for this vehicle/trim yet.
Enter ZIP for more accurate values
Values are five-year state or national averages. Learn about ownership cost items
The vehicle's value rating is calculated by our data vendor, Vincentric.
How does Vincentric measure value and establish its ratings? This question is best answered with an example. Two vehicles can have the same purchase price, but different ownership costs. The vehicle with the lower ownership costs is a better value than the one having the higher ownership costs.
To put this concept into action for the 2006 model year analysis, Vincentric first measured the cost of ownership for over 1,900 vehicle configurations. Cost of ownership is calculated by combining the costs associated with depreciation, insurance, repairs, maintenance (scheduled and unscheduled), finance, fuel, taxes and state fees (including the Federal Hybrid Tax Credit), and opportunity costs. This creates the "Measured" Cost of Ownership.
The vehicle's "Expected" cost of ownership is based on statistical models that correlate the price of a vehicle with cost of ownership within each of the 34 segments that comprise all vehicles. An average "Expected" cost to own is established. Any vehicle that falls above the Average Value line is a better value than a vehicle that fall below the "Average Value" line.
Vincentric uses this approach to rate each vehicle from Excellent to Poor on a five point scale. These ratings can also be expressed numerically as 5, 4, 3, 2 or 1, with a score of 5 being Excellent and 1 being Poor. The scores are calculated based on the percentage difference between a vehicle's "Expected" cost of ownership and its "Measured" cost of ownership. This statistically driven approach allows Vincentric to measure value in an unbiased manner, and help consumers and the automotive industry better understand how ownership costs impact the creation of value for the buyer.
Depreciation is an estimate of the reduction in value incurred by owning and operating a vehicle over a period of time. The depreciation cost is calculated using a combination of data sources and assumptions, including the value of the vehicle, the mileage of the vehicle, and the overall the condition of the vehicle.
Fees and taxes are an estimate of the costs you will incur to operate the vehicle over a period of time. Fees and taxes are imposed by state and local governments and government agencies, such as the DMV, and they include the cost of registration, title fees, and state sales taxes.
Financing is an estimate of what it will cost you to borrow money to purchase a vehicle. The financing costs are calculated by using various data sources from multiple lending institutions, including standard down payment amounts, loan terms, and current interest rates.
Insurance costs are an estimate of what it will cost you to insure the vehicle over a period of time. Insurance costs vary widely based upon the driving record of the owner and the coverage amount, so we estimate the cost using assumptions about the driver and coverage amount. The cost is estimated based on data from multiple insurance industry sources.
Fuel costs are an estimate of what it will cost you at the gas pump for the vehicle over a period of time. Fuel costs are calculated using the U.S. Government Environmental Protection Agency's estimated mileage figures (when available) for both highway and city driving, then adjust based on the estimated percentage of mileage for these two types of driving. The estimated miles driven per year, the type of fuel the vehicle requires, and current state gas prices are all factored into the estimated fuel costs.
Maintenance costs are an estimate of what it will cost you to maintain the vehicle over a period of time. Maintenance costs can vary greatly based upon the vehicle you own and how you drive it, but the maintenance cost estimated is based on three key data points that we receive from industry sources: frequency of incident, labor rates, and parts prices.
Repair costs are an estimate of what it will cost you to repair the vehicle over a period of time. Repair costs are estimated using the national average consumers will pay to keep their vehicle in operating condition (please note that because maintenance costs are measured separately, the repair cost does not include these costs). The estimate is prepared using a $0 deductible extended service contract that will pay for repairs for 5 years or at least 75,000 miles. Figures quoted are averages from nationally available service contract providers and are adjusted to eliminate the profit margin from the calculation.
