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FoMoCo has dropped the pricing info for the new 2010 Ford Mustang. Ford is quick to point out that rivals Chevrolet Camaro and Dodge Challenger start at prices ranging from $1,000 to $2,600 more than Mustang.

So what can you expect to pay for the new pony? The entry level V6 Mustang coupe start at $20,996 while the entry-level convertible starts at $25,995. The V8 powered 315-hp 2010 Mustang GT coupe and Mustang GT convertible start at $27,995 and $32,995 respectively. Of course if you want the 540-hp 5.4L V8 Supercharged 2010 Shelby GT500 coupe get ready to cash out $46,325. The 2010 GT500 convertible starts at $51,225.

The 2010 Ford Mustang will go on sale later this spring. You can check out all the options and packages in the press release posted after the jump...

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2010 Ford Mustang priced at $20,995

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