2020 Ford Mustang Starts From $27,765 – 330 Horsepower HPP Can Be Yours For Less Than $33,000

The Mustang EcoBoost HPP manages 330 horsepower.

In this latest generation, you’ve only been able to buy the regular Mustang with two engine options — a 2.3-liter EcoBoost four-cylinder, or the classic 5.0-liter Coyote V8. There are always the Shelby variants, of course, but now there’s another option which won’t break the bank. Thanks to the High Performance Package, the standard 2020 Ford Mustang now puts out a seriously respectable amount of punch, all for under $33,000.

Ford’s online configurator for the 2020 Mustang is available, showing many of the same options from last year. Spring for the 2.3-liter EcoBoost model, for instance, and you still get 310 horsepower and 330 lb-ft of torque. However, the 2020 Ford Mustang EcoBoost has the HPP option as well. For $4,995 on top of the base EcoBoost price, the High Performance Package bumps the power to 330 horsepower, while the 350 lb-ft of torque remains the same. That puts it in the same region as the 3.6-liter V6 in the Chevrolet Camaro, and well ahead of its four-cylinder turbo option.

In the 2020 Ford Mustang, the High Performance Package laso includes a few other performance upgrades. You get a 3.55 limited-slip rear axle, up from the standard 3.31, and updated chassis tuning. Ford also fits a beefier rear sway bars, heavy-duty front springs, larger brake rotors and a larger radiator for better cooling. Finally, you get the active valve performance exhaust, a performance rear spoiler, a front splitter and belly pan off the GT Package and 19-inch aluminum wheels.

In the 2020 Ford Mustang, the least expensive way to get the HPP version is speccing the standard EcoBoost fastback. Add $4,995 to the car’s $26,670 base price and the $1,095 destination fee, and you end up with a 330 horsepower Mustang for $32,760. Beyond that, factor in another $1,595 if you want the 10-speed automatic transmission.

The rest of the 2020 Ford Mustang lineup

Apart from the standard EcoBoost Mustang, springing for the V8-powered GT will set you back $36,725. That’s $3,035 more than the HPP EcoBoost, but you do get substantially more power. Mind you, the 460 horsepower and 420 lb-ft torque figure remains the same for the base 2020 Ford Mustang GT.

Down the line, the options remain the same as 2019, with the exception of the HPP variant. Prices have increased slightly across the lineup, and the 480 horsepower Bullitt has stuck around as well. Ford has not revealed pricing for the 2020 Mustang Shelby GT350 yet, but the GT350R did get a few updates borne from the upcoming GT500.

The 2020 Ford Mustang Shelby GT500 is by far the biggest addition to the lineup, and that model will start at $73,995 before destination. With a 760 horsepower supercharged 5.2-liter V8, it’s the most powerful production model Ford’s ever made. Add on the inevitable options to that price, and it’s likely we’ll see loaded GT500s commanding a price tag around the $100,000 mark. And that’s before dealer markups.