The first Ford Mustang to be sold in Australia as a mainstream model since the late 1960s could cost less than $50,000 when it arrives in late 2015.

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Ford’s decision to make the latest version of the famous Pony car a global model factory-built in right-hand drive means the Mustang will cost significantly less than the $85,000-plus Tickford conversions sold by Ford Australia in 2001/2002.

Ford Australia is unlikely to confirm official pricing until closer to the car’s local launch in the second half of 2015. However, CarAdvice understands a price tag in the high-$40K area is being seriously considered for the model that will become the company’s hero performance car once Falcon production ceases in late 2016.

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About 13,000 Australians have already expressed interest in the Mustang. 

Dealers are currently providing potential buyers with a price guide of between $50,000 and $70,000 for the sixth-generation Mustang, mainly to help overcome the perception of Mustangs being a near-$100,000 proposition in this country.

The circa-$50,000 starting price will be for the Ford Mustang powered by a 2.3-litre four-cylinder turbo ‘EcoBoost’ engine, with 231kW of power and 433Nm of torque.

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Australians wanting what Americans would call the ‘real Mustang’ – the hi-po V8 version badged GT – could see a pricetag below the $70,790 FPV GT Falcon. The 5.0-litre produces 324kw and 542Nm. Both engines are available with a six-speed manual as standard or with an optional six-speed auto.

CarAdvice understands Ford Mustangs for Australia will come generously equipped.

Standard gear on US-spec EcoBoost model, which starts from about A$29,000, include reverse-view camera (though not rear sensors), LED tail-lights with sequential turn signals, LED foglights, 17-inch alloy wheels, climate control, cloth front seats, tyre pressure monitoring, Ford's Sync voice-controllable infotainment system with 4.2-inch touchscreen and track apps functionality.

The GT, from about A$37,000, gets the likes of launch control (manual gearbox) and 18-inch alloy wheels.

Both models in the US are available with a Premium upgrade that includes Pony projection lights, and Shaker Pro audio system.

Bigger wheels, Recaro seats, radar cruise control and blind spot monitoring. A Performance Park is also optional but is being made standard on UK-spec Mustangs.

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The Performance Pack brings a sportier suspension tune (and monotube rear dampers), stickier tyres, additional cooling (for track work), thicker rear anti-roll bar, strut tower connecting brace, gauge cluster, bigger brakes and shorter final drive ratio for the transmissions.

CarAdvice is currently in Los Angeles for the international launch of the new Mustang. Stay tuned for our first review.