The Ford Mustang is an iconic muscle car that has long captured the hearts of automotive enthusiasts worldwide. With its powerful performance, aggressive design, and rich heritage, it is no surprise that the Mustang has found a devoted fanbase in Saudi Arabia (KSA) as well. However, owning a sports car like the Ford Mustang comes with various costs that potential buyers need to consider. This blog post will break down the cost of owning a Ford Mustang in Saudi Arabia, covering the initial purchase, fuel, insurance, maintenance, and other ongoing expenses.

Purchase Price
The purchase price is the most obvious initial cost associated with owning a Ford Mustang. In Saudi Arabia, the price of a new Ford Mustang varies depending on the model and features you choose. The new car prices for the base model of the 2024 Mustang starts at around SAR 240,000, while the high-performance variants attract a premium price, depending on the trim and optional packages.

Insurance Costs
Insurance is another significant factor in the overall cost of owning a Ford Mustang. Given that it is a sports car with powerful performance, insurance premiums tend to be higher compared to regular vehicles. The insurance cost depends on factors such as the driver’s age, driving history, and the model of the Mustang.
For comprehensive insurance coverage, Mustang owners in Saudi Arabia can expect to pay between SAR 6,000 and SAR 10,000 per year. Third-party liability insurance is a cheaper option but does not cover damages to your own vehicle, making comprehensive coverage a more popular choice for Mustang owners looking to protect their investment.

Fuel Costs
Fuel costs are a crucial consideration, especially when owning a sports car like the Ford Mustang. Mustangs are known for their powerful engines, which means they are not the most fuel-efficient vehicles. Depending on whether you own a V6, V8, or the EcoBoost version, fuel consumption will vary. The EcoBoost model is the most fuel-efficient, averaging around 11 to 13 kilometres per litre, while the V8 variants offer lower fuel efficiency, averaging between 7 to 9 kilometres per litre.
With the current fuel prices in Saudi Arabia, which hover around SAR 2.33 per litre for 95-octane petrol, the cost of fuel can add up quickly for Mustang owners who drive frequently. It is estimated that a typical Mustang owner in KSA may spend anywhere from SAR 6,000 to SAR 10,000 annually on fuel, depending on driving habits and the model chosen.

Maintenance and Repairs
Owning a Ford Mustang also involves regular maintenance and occasional repairs. Maintenance costs include periodic servicing, oil changes, brake checks, tire rotations, and other routine maintenance tasks. For a Mustang, the cost of regular servicing is approximately SAR 1,500 to SAR 3,000 per year.
Additionally, sports cars tend to require more expensive parts, and if something goes wrong, repairs can be costly. Replacing performance parts such as brakes or tires can add significantly to the ownership costs. It is advisable to budget an extra SAR 3,000 to SAR 5,000 per year for unexpected repairs or replacement of worn-out components, especially if the vehicle is out of warranty.

Registration and Other Costs
In Saudi Arabia, the cost of vehicle registration for a Ford Mustang is approximately SAR 500 to SAR 700 per year. In addition, annual vehicle inspection fees are mandatory, which cost around SAR 100. Owners should also consider costs related to parking fees, car washes, and other miscellaneous expenses that come with maintaining a sports car.

Depreciation
Depreciation is an often-overlooked aspect of car ownership costs. The Ford Mustang, like most cars, loses value over time. Sports cars tend to depreciate at a faster rate than standard vehicles. It’s estimated that a Mustang may lose 15-20 percent of its value annually, depending on factors such as mileage, condition, and demand for used Mustangs in the market.

Conclusion
Owning a Ford Mustang in Saudi Arabia is an exciting proposition for anyone passionate about driving a high-performance vehicle. However, it comes with several costs beyond just the purchase price. Potential owners should be prepared for insurance premiums, fuel expenses, maintenance, and other ongoing costs. On average, the annual cost of owning a Ford Mustang in KSA can range from SAR 25,000 to SAR 40,000, depending on the model, driving habits, and other factors.
For those willing to embrace these costs, the thrill of driving a Mustang on Saudi Arabia’s open roads is an experience that is hard to match—one that comes with the roar of a powerful engine and a sense of belonging to a heritage that is unmistakably Ford.