Meet the $90,000 Mustang

A limited edition of handbuilt Mustangs commemorates Lee Iacocca's role in creating the car 45 years ago.

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Pricey customization
Pricey customization
A typical Ford Mustang GT costs about $30,000. Now a custom carmaker is transforming 45 of those regular Mustangs into $90,000 hand-built Iacocca Edition Mustangs.

Galpin Motors, the Los Angeles dealership selling these cars, is well known for custom cars. This model aims to commemorate the role legendary auto executive Lee Iacocca played in creating the original Mustang in 1964.

For three times the cost of a regular V8 Mustang, the Iacocca Mustang is equipped with a 4.6-liter 300-horsepower engine, just like a stock 2009 Mustang GT, but with Ford's Racing Handling suspension package. Performance options include a Ford Racing brake upgrade, a Cold Air Kit that boosts horsepower to 320 and a supercharger that boosts horsepower to 400.

"The majority have sold with the supercharger and brake upgrades," said Terry Miller Galpin general sales manager.

With those options, the price rises to $105,000.

But this car really isn't about raw performance. In this case, the price has much more to do with exclusivity and style than just smoking the tires. Only 45 of the cars will be made and it takes a long time to make them.

Not everyone is convinced these cars are worth the money but, then again, fewer than four dozen people will need convincing.

NEXT: Legendary name
Last updated September 25 2009: 1:18 PM ET
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