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2021 Ford Mustang Review: Reliable Sports Coupe With Average Running Costs As It Ages

Rating: 4.14
Based on 20 Owner Reviews โ–ถ
Eugene S | March 31, 2025
The Ford Mustang, an American icon, traces its roots back to 1964. The 2021 model continues the legacy with its classic muscle car aesthetic, offered as a fastback coupe and convertible. Key trims include the EcoBoost, GT, Mach 1, and Shelby GT500. New pricing ranged approximately from $27,000 to over $70,000 depending on the trim and options. Its blend of performance, heritage, and customizable options makes it a perennial favorite.
The Good

The 2021 Mustang boasts strong performance, particularly in GT and Shelby trims, and a striking, recognizable design. While reliability varies, many find it acceptable. The interior offers decent comfort, especially with upgraded options. The EcoBoost models provide reasonable fuel efficiency, attracting practical buyers, while the V8 models deliver exhilarating power, appealing to emotional desires for a classic muscle car experience.

The Bad

Potential weaknesses of the 2021 Mustang include a sometimes-cramped rear seat, especially in the fastback. Some interior materials can feel cheap. Owners should watch for potential transmission issues (particularly in earlier models), and carefully inspect the paint quality, as some owners have reported problems. The independent rear suspension, while improving handling, can also lead to a harsher ride on rough roads.

2021 Ford Mustang: Quick Overview

  • Engine Options:
    • 2.3L EcoBoost I4: 310 hp / 350 lb-ft torque
    • 2.3L High-Performance EcoBoost: 330 hp / 350 lb-ft torque
    • 5.0L GT V8: 460 hp / 420 lb-ft torque
    • 5.0L Mach 1 V8: 480 hp / 420 lb-ft torque
    • 5.2L Shelby GT500 Supercharged V8: 760 hp / 625 lb-ft torque
  • Horsepower: Ranging from 310 hp to 760 hp depending on the engine.
  • Fuel Economy (EPA Estimated):
    • 2.3L EcoBoost: 22 city / 32 highway mpg
    • 5.0L GT V8: 15 city / 24 highway mpg
    • 5.2L Shelby GT500: 12 city / 18 highway mpg
  • 0โ€“60 Times (Approximate):
    • 2.3L EcoBoost: 5.0-5.5 seconds
    • 5.0L GT V8: 4.2-4.5 seconds
    • 5.2L Shelby GT500: 3.3-3.5 seconds
  • Towing Capacity: Not recommended or rated for towing.
  • Trim-Level Features:
    • EcoBoost: Standard features include cloth seats, SYNC infotainment system, rearview camera, and keyless entry.
    • EcoBoost Premium: Adds leather seats, upgraded sound system, and larger touchscreen.
    • GT: Includes the 5.0L V8 engine, performance brakes, and unique styling cues.
    • GT Premium: Adds premium features to the GT, such as heated and cooled seats and a premium audio system.
    • Mach 1: Performance-oriented trim with upgraded suspension, aerodynamics, and engine tuning.
    • Shelby GT500: High-performance track-focused model with a supercharged engine, advanced aerodynamics, and performance suspension.

2021 Ford Mustang Specifications

Vehicle Information
Year 2021
Make Ford
Model Mustang
Trim -
Style Convertible
Type Convertible
Category Subcompact Car
Manufacturing Details
Made In United States
Manufacturing City FLATROCK
Dimensions
Doors 2-Door
Curb Weight 1651.98 kg
Gross Vehicle Weight Rating -
Overall Height 139.45 cm
Overall Length 478.28 cm
Overall Width 191.52 cm
Wheelbase Length 272.03 cm
Standard Seating 4
Engine & Performance
Engine Intercooled Turbo Premium Unleaded I-4 2.3 L/140
Engine Size 2.3L
Engine Cylinders 4
Transmission Automatic
Transmission Type Automatic
Transmission Speeds 6-Speed
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System 4-Wheel ABS (Optional)
Steering Type Rack & Pinion
Pricing
Manufacturer Suggested Retail Price (MSRP) $41,170 USD
Invoice Price $39,149 USD
Delivery Charges $1,195 USD

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Analysis

What Problems Does the 2021 Ford Mustang Have?

Frequently reported problems for the 2021 Ford Mustang, and those from similar model years, include issues with the transmission, particularly the manual transmission, where some owners have reported difficulty shifting. Some owners have also reported electrical issues and problems with the infotainment system, such as freezing or malfunctioning. Paint quality has also been a recurring concern among owners, with reports of chipping or premature wear.
Recalls can vary, it's important to check the NHTSA website with the VIN for the specific vehicle in question. Long-term reliability concerns sometimes include issues with the direct injection system on the EcoBoost engines, leading to carbon buildup. The GT models, while generally reliable, can experience increased wear and tear on components if driven aggressively.
Specific recalls and technical service bulletins (TSBs) should be checked using the VIN of the vehicle to ensure the most up-to-date and accurate information. Ford typically addresses known issues through TSBs, providing repair guidance to technicians. Staying on top of scheduled maintenance is crucial for addressing potential issues before they escalate into costly repairs.

How long will the 2021 Ford Mustang last?

With proper maintenance, a 2021 Ford Mustang can easily achieve 150,000 to 200,000 miles, translating to 10-15 years of service. Regular oil changes, fluid checks, and timely replacement of wear items are crucial.
Long-term durability can be affected by driving habits and environment. Mustangs driven hard or exposed to harsh weather conditions may experience accelerated wear. Weaknesses can include potential rust in areas with road salt, and the aforementioned carbon buildup issues on EcoBoost engines. The independent rear suspension, while enhancing handling, may require attention over time due to wear and tear on bushings and components.
Positive Owner Reviews
Sarah M.
I was looking for a sporty car that wouldn't break the bank, and the Mustang fit the bill perfectly. The performance is impressive, and it looks fantastic. I've had no major issues so far.
David L.
The Mustang is an icon, and this model doesn't disappoint. The styling is aggressive, and the engine provides plenty of power. I appreciate the available technology features.
Michael B.
Every time I drive this car, I get compliments. The design is amazing, and the sound is great. The performance is also impressive, making it a joy to drive.
Negative Owner Reviews
John S.
The Mustang is definitely a fun car to drive, especially with the responsive steering. However, the back seats are cramped, and the gas mileage isn't great for everyday commuting. The infotainment system is easy to use, though.
Emily K.
While I love the look and feel of the Mustang, it's not the most practical car for daily life. The trunk space is limited, and the ride can be a bit rough on bumpy roads. Still, it's a blast to drive on weekends.
Robert P.
While the Mustang has a lot of potential, there are some areas where it could be improved. The interior feels a bit cheap in some places, and the fuel economy could be better. Still, it's a decent car for the price.

What Technology & Safety Features are Included?

The 2021 Ford Mustang features a range of built-in tech, entertainment, driver-assistance, and safety features. Standard infotainment includes Ford's SYNC system, typically with a touchscreen display, Apple CarPlay, and Android Auto compatibility. Higher trims offer larger touchscreens and premium sound systems (like Bang & Olufsen).

Driver-assistance features often include standard rearview camera, and available options like blind-spot monitoring, rear cross-traffic alert, lane-keeping assist, adaptive cruise control, and automatic emergency braking.

Safety features include standard airbags, ABS, and stability control. Optional safety features expand on the base configuration with more sophisticated driver-assistance systems.

Crash-test ratings from the NHTSA and IIHS should be consulted for specific safety performance. These ratings evaluate the vehicle's performance in various crash scenarios, providing insights into occupant protection. The 2021 Mustang generally performs well in crash tests, but ratings may vary depending on the specific configuration. Checking these ratings from official sources is recommended for making informed safety decisions.

What Colors Options are Available?

Exterior Colors
Shadow Black
Oxford White
Race Red
Velocity Blue
Rapid Red Metallic Tinted Clearcoat
Carbonized Gray Metallic
Iconic Silver Metallic
Grabber Yellow
Twister Orange
Cyber Orange Metallic Tricoat
Interior Colors
Black Onyx
Ebony
Ceramic
Red Line
Showstopper Red

2021 Ford Mustang Prices and Market Value

When new, the 2021 Ford Mustang ranged from around $27,000 for the base EcoBoost to over $70,000 for the Shelby GT500. Used market prices vary widely based on condition, mileage, and trim, but expect to find EcoBoost models in the low $20,000s and GT models in the mid to high $30,000s. Shelby GT500s command a premium, often above their original MSRP due to rarity and demand. Depreciation is typical for a sports car, but well-maintained, low-mileage examples hold their value better. Factors affecting resale include trim level, options, color, accident history, and overall condition.

2021 Ford Mustang Cost of Ownership

Insurance costs for the 2021 Ford Mustang can be moderate to high, especially for younger drivers or those opting for high-performance trims like the GT or Shelby. Fuel costs vary significantly; the EcoBoost is relatively economical, while the V8s are considerably more thirsty. Maintenance is generally average for a sports car. Repairs can be costly, particularly for specialized parts on the higher-performance models. Overall, the Mustang can range from moderately to expensively owned, depending on the trim and driving habits.

2021 Ford Mustang Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity 60.57 liters
City Mileage 8.5 km/l
Highway Mileage 11.9 km/l

2021 Ford Mustang Safety Rating

NHTSA
Overall Rating
Overall Frontal Star Rating
Side Overall Star Rating
Overall Rollover Star Rating
Combined Front Seat Rating
Combined Rear Seat Rating
Overall Frontal Star Rating
Frontal Barrier Star Ratings Not Tested
Overall Side Star Rating
Side Barrier Star Ratings
Side Pole Star Rating
Combined Side Barrier And Side Pole Star Ratings Not Tested
Rollover Resistance Star Rating

2021 Ford Mustang Warranty

Basic
Original warranty 36 months / 36,000 miles
Estimated remaining Expired
Powertrain
Original warranty 60 months / 60,000 miles
Estimated remaining 12 months / 60,000 miles
Rust
Original warranty 60 months / unlimited miles
Estimated remaining 12 months / unlimited miles

2021 Ford Mustang Insurance

Insurance for a 2021 Ford Mustang is moderately priced, reflecting its status as a Convertible with strong safety ratings and
reasonable repair costs.

How Does the 2021 Ford Mustang Compare to Other Convertible?

The 2021 Ford Mustang competes with vehicles like the Chevrolet Camaro and Dodge Challenger. In terms of performance, the Mustang and Camaro are closely matched, while the Challenger offers more comfortable cruising and a retro style. Feature-wise, all three are comparable, offering modern infotainment and driver-assistance tech. Reliability is generally similar across the board, with each having potential issues to watch for.

Price-wise, the Mustang is often competitively priced, especially the EcoBoost models. However, the Challenger often has enticing lease deals. The Camaro is known for its sharp handling, while the Mustang strikes a balance between performance and daily drivability.

Alternatives to the Mustang might include the Nissan 370Z (for pure sports car feel), the BMW 2 Series (for a more refined driving experience), or even a used Porsche Cayman (if budget allows and performance is paramount). Ultimately, the best choice depends on individual priorities: handling (Camaro), comfort (Challenger), heritage and balance (Mustang), or European refinement (BMW/Porsche).

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Final Verdict: Is the 2021 Ford Mustang a Good Convertible?

The 2021 Ford Mustang is ideal for those seeking a blend of performance, iconic styling, and relatively affordable pricing. It's worth buying, especially if you appreciate its heritage and enjoy spirited driving.
A used Mustang can offer excellent value, but inspect it thoroughly for signs of abuse or neglect. The EcoBoost models are a good choice for daily driving, offering decent fuel economy and ample power. The GT is ideal for those craving V8 performance. Consider a newer model to benefit from updated technology and safety features. Avoid highly modified examples unless you know what you're getting into. A well-maintained, clean title Mustang is a great choice for many buyers.

2021 Ford Mustang Owner Reviews

4.14
Consumer Rating, Based on 20 Consumer Reviews
Overall rating
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John S. on March 18, 2025

Fun Car, But Some Downsides

The Mustang is definitely a fun car to drive, especially with the responsive steering. However, the back seats are cramped, and the gas mileage isn't great for everyday commuting. The infotainment system is easy to use, though.

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Sarah M. on March 18, 2025

Great Value for a Sports Car

I was looking for a sporty car that wouldn't break the bank, and the Mustang fit the bill perfectly. The performance is impressive, and it looks fantastic. I've had no major issues so far.

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David L. on March 18, 2025

A Classic for a Reason

The Mustang is an icon, and this model doesn't disappoint. The styling is aggressive, and the engine provides plenty of power. I appreciate the available technology features.

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Emily K. on March 18, 2025

Not the Most Practical Choice

While I love the look and feel of the Mustang, it's not the most practical car for daily life. The trunk space is limited, and the ride can be a bit rough on bumpy roads. Still, it's a blast to drive on weekends.

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Michael B. on March 18, 2025

A Head-Turner!

Every time I drive this car, I get compliments. The design is amazing, and the sound is great. The performance is also impressive, making it a joy to drive.

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Jessica T. on March 18, 2025

Reliable and Fun

I've had my Mustang for a few years now, and it's been incredibly reliable. It's also a lot of fun to drive, especially on winding roads. I'd recommend it to anyone looking for a sporty car.

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Robert P. on March 18, 2025

Could Be Better

While the Mustang has a lot of potential, there are some areas where it could be improved. The interior feels a bit cheap in some places, and the fuel economy could be better. Still, it's a decent car for the price.

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Amanda H. on March 18, 2025

Love My Mustang

This car is fantastic! I love the way it looks and handles. It's sporty, stylish, and fun to drive. No complaints at all!

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Kevin R. on March 18, 2025

Good Performance, Questionable Build Quality

The engine is great and the car is fast. However, I've noticed some issues with the build quality, particularly with some of the interior trim pieces. I've had to take it in for a few minor repairs.

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Jennifer A. on March 18, 2025

Surprisingly Comfortable

I was expecting a rough ride, but the Mustang is actually quite comfortable for long drives. The seats are supportive, and the noise level is reasonable. I'm pleasantly surprised.

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Eugene S

Eugene is an automotive enthusiast with over 15 years of experience in the used car market. As a writer at VINCheck.info, he brings deep industry insight and a passion for cars, helping readers make smart, informed decisions. Eugene has written hundreds of used car reviews and is known for breaking down complex automotive topics into clear, actionable advice. Over the years, he has driven and worked on a wide range of vehiclesโ€”starting with tuning street cars in his early days and eventually focusing on performance upgrades and reliability improvements. Today, he specializes in evaluating used vehicles through the lens of real-world ownership and enthusiast needs. A longtime fan of Porsche, Eugene especially appreciates vehicles that blend durability with driving enjoyment.