Ford Authority

Ford Mustang Discount Takes Up To $4,750 Off MSRP In December 2020

A new Ford Mustang discount offers up to $4,750 off the pony car during December 2020, though the discounts vary by model and market/region. Additionally, it appears the automaker is no longer incentivizing 2019 Mustang units, since all listed discounts are exclusive to 2020 models.

Interested parties should also know that The Blue Oval continues to exclude the range-topping Shelby GT350 and Shelby GT500 models from any manufacturer incentives, though the incentives can be applied to the soon-to-be-discontinued Mustang Bullitt.

Ford Mustang Incentives

Ford Mustang discount offers vary by region. We are providing the largest observed offers for 2020 Mustang models for four major U.S. cities:

  • New York City: $4,000 cash for EcoBoost Premium 200A/201A models
  • Detroit: $4,000 cash for EcoBoost Premium 200A/201A models
  • Miami: $4,750 cash for EcoBoost Premium 200A/201A models
  • Los Angeles: $4,000 cash for EcoBoost 200A/201A Premium models

In addition to the cashback rebates, special financing is also available select markets, with some areas receiving an interest-free incentive. All of the above 2020 discounts are valid thru January 4th, 2021.

Ford Mustang Incentive November 2020

For reference, here are the applicable 2020 Mustang trim levels and their corresponding starting MSRPs, including destination charge:


  • EcoBoost Fastback – $28,510
  • EcoBoost Premium Fastback – $33,525
  • GT Fastback – $36,825
  • GT Premium Fastback – $40,825
  • Bullitt Fastback – $48,900


  • EcoBoost Convertible – $34,010
  • EcoBoost Premium Convertible – $39,025
  • GT Premium Convertible – $46,325

It’s worth noting that the Shelby GT350 will be discontinued after the 2020 model year, as will the Mustang Bullitt. Both models will be indirectly replaced by the 2021 Mustang Mach 1.


  • Must take delivery from an authorized Ford dealer’s stock by January 4th, 2021, unless specified otherwise.
  • See dealer for details.
  • Incentive for the United States of America, unless otherwise specified.
  • Some customers may not qualify for this offer.
  • Residency restrictions apply.
  • Ford discount offer not available with special finance, lease, and some other offers.

We strive to provide accurate and up-to-date information about the vehicles and their incentives in question, but errors and misprints can happen. In addition, the manufacturer can change incentive information at any time and without notice. Always consult with your dealer regarding color availability information before making purchase decisions. Ford Authority will not be held responsible for any misprints, typos or any other errors.

Subscribe to Ford Authority for more Ford Mustang news, and the latest Ford news coverage.

Frankie's first favorite car was a 1968 Ford Mustang, and he's had a strong appreciation for the nameplate ever since. Later in his youth he became infatuated with Eleanor, thanks to Nicholas Cage's stellar performance. Frank's a real jokester, too.

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