This 2007 Ford Mustang Shelby GT500 Convertible sold for $27,500, and that’s a deal considering its low mileage and desirable features.

The car is part of the limited 40th Anniversary Edition and has only 23,000 miles on it. This makes it a rare find in the Mustang world. The supercharged 5.4-liter V8 engine paired with a six-speed manual transmission is the heart of this beast, delivering a thrilling driving experience. The black exterior with Dark Charcoal leather interior creates a striking visual appeal. Plus, the Shaker 500 sound system and 20" American Racing Shelby Razor wheels are features that collectors crave. All these elements make this GT500 a prime candidate for those who appreciate American muscle.

When it comes to price, this one was a steal. With a fair value estimate of $41,000, selling for $27,500 means it went for 33% below market value. The auction saw a healthy 23 bids, indicating strong interest. Even with the competitive bidding, the final price reflects a solid opportunity for the buyer.

Community reactions were positive, with one commenter noting the value: “For a car with this mileage and spec, you can’t beat that price.” It’s clear the consensus is that the buyer got a great deal here.

For anyone hunting similar vehicles, pay close attention to mileage and transmission type. The six-speed manual is a major selling point for performance-focused buyers. A well-documented service history is also crucial. Low mileage can be enticing, but condition and maintenance records will determine long-term enjoyment and value retention.

See all Ford Mustang S197 2005-2014 listings on [Friday's Watchlist](https://fridayswatchlist.com/search?make=Ford&model=Mustang%20S197%202005-2014).