This particular Mustang GT Convertible touts a 480-horsepower V8 – and it's finished in head-turning Race Red with a Carmine Red interior. It also features some excellent factory equipment, like 20-inch wheels, a limited-slip rear axle, leather upholstery, a heated steering wheel, and a Bang & Olufsen sound system. Power comes from a 5.0-liter V8, rated at 480 horsepower and 415 lb-ft of torque. Power is sent to the rear wheels via a 10-speed automatic transmission.