We posted a video of this bad boy hooning around last month, so here’s an update.

Ford is celebrating 45 years of the ‘Stang, and what better way to do it than to customize one and price it at $89,950? It’s called the Iacocca Silver 45th Anniversary Ford Mustang; with five words and a double-digit number, it better be special.

Lee Iacocca–once president of the Ford division and big player in the birth of the Mustang in 1964–unveiled this American beast designed by Michael Leone last June and it was a big hit. Some models have even been auctioned off and purchased for more than $110 thousand.  You might be wondering what is it exactly that makes this run-of-the-mill muscle car so valuable? Well, we’re curious too, so here’s the rundown.

Production has been conveniently limited to 45 units, which can be purchased at Galpin Ford in California. Body work has been executed by coachbuilder Gaffoglio Family Metalcrafters, which includes sunken headlights, a slanted grill, fastback styling and a lowered stance complimented by some big chrome wheels. And as for the engine options… you have the choice of a naturally aspirated 320hp 4.6l V8 or the addition of a supercharger which boosts power to 400hp. Yes ladies and gents, that’s right, $90k for a silver Mustang with some body work and 400hp–quite the bargain indeed.

(Source: MotorAuthority)