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Ford Mustang Discount Takes $4,000 Off February 2021

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Ford Mustang discount offers during February 2021 lower the price of America’s original pony car by up to $4,000, and it looks like the incentives are available in most continental U.S. markets. It’s also worth noting that all of the featured discounts are exclusive to 2020 models.

The range-topping Shelby GT350 and Shelby GT500 models continue to be excluded from the manufacturer incentives, which has been the case since the introduction of both models. However, the offers can be applied to the already-discontinued Mustang Bullitt.

Ford Mustang Incentives

Ford Mustang discount offers during February 2021 vary by model, and are as follows:

  • Mustang EcoBoost Premium 200A/201A: $4,000 total cash discount
  • Mustang EcoBoost Premium: $3,250 total cash discount
  • Mustang GT: $2,250 total cash discount
  • Mustang GT, Bullitt, EcoBoost: $1,750 total cash discount

In addition to the cashback rebates, featured lease offers are also available, including the following:

  • Mustang EcoBoost: $299 per month for 36 months
    • Requires automatic transmission
    • $2,769 due at signing
    • Security deposit waived

The above 2020 Mustang discounts are valid thru March 31st, 2021.

Ford Mustang Incentive February 2021

Ford Mustang Pricing

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

Keep in mind that the Mustang Bullitt as well as the Shelby GT350 have been discontinued after the 2020 model year. Both models are being indirectly replaced by the 2021 Mustang Mach 1.


  • Must take delivery from an authorized Ford dealer’s stock by March 31st, 2021, unless specified otherwise.
  • See dealer for details.
  • Incentive for the United States of America, unless otherwise specified.
  • Some customers may not qualify for these Ford Mustang discount offers.
  • Residency restrictions apply.
  • Ford discount offers might not be 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.

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Written by Francisco Cruz

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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  1. I miss the V6 mustang. I would be really nice to see a face lifted S550 or S650 mustang with a the 3.0L V6, the 3.5L V6 and their hybrid version and I’d like to see it with both a 2-door and 4-door coupe option like the BMW 8-Series. Seeing that Ford has already broken the mustang from it’s mold, its time for a gas Mustang 4-door coupe and a gas mustang crossover coupe like the Porsche Cayenne. Traditionalists be damned, it’s time for a better mustang. A Mustang with AWD, room and practicality along with performance. Give the S650 Mustang cues of the Mach E and the SN95 Mustang make it wider, a little longer and heavier and still give it power so that it can do what it needs to do as a performance vehicle. Seeing that the Ecoboost V6 engines make more torque than the V8 engine does anyway and now Ford has found a way to make the Ecoboost engines sound good. It’s time to really put the 3.0L Ecoboost, 3.0L Ecoboost hybrid, 3.5L High output/Super high output Ecoboost and 3.5L Power boost to good use. Bring on the electric ones but dont get rid of the gas ones. Keep the V8 engines in the GT500, the Mach 1 and the GT but bring out an RS, an ST, an XR6-T and GT-S Mustang trims

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