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 |  Sep 23 2009, 11:42 AM

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I Legacy, the company responsible for the Lee Iacocca Silver 45th Anniversary Edition Ford Mustang has just announced pricing o the completely custom pony car and it’s not easy to swallow. The coachbuilt creation, named after the man who first introduced the world to the Mustang 45 years ago, will start at $89,950 – more than even the Mustang GT500KR. And for the record, that price does not include the Ford Racing supercharger, which pums up the power to 400hp.

What the Iacocca Mustang offers is exclusivity, not just through its design but due to its rarity, with just 45 of the cars being built.

“The Iacocca Mustang embodies all the elements of a car that will be a future collectible,” said Keith Martin, publisher of Sports Car Market magazine. “It is stunning in appearance, will be built in limited numbers and has top-flight performance. Further, given its true custom-built nature, it is being offered at a very reasonable price.”

The car sits lower than stock and has a completely redesigned front end with a slanted grille and recessed headlights. The wheels are 20-inch Iacocca Design models with center caps that feature a bold “I” in the middle. Other markings, including an Iacocca Design hood badge and Iacocca lettering on the rear, will help distinguish this car as a rarity – as will the special Iacocca silver paint.

Inside the choachwork continues with special leather seats, a new leather wrapped steering wheel with an “I” badge, Iacocca-lettering on the door sills and a numbered dash plaque.

As for performance, the 45 cars will be outfitted with a Ford Racing handling package and optional 14-inch Ford Racing brakes.

The Iacocca Silver 45th Anniversary Edition Ford Mustang is offered exclusively through Galpin Ford.

GALLERY: Iacocca Silver 45th Anniversary Edition Ford Mustang

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Official release after the jump:

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