For my first post I thought this would be some what of a bragging point for Ford about how much mustang fans truly love something original and rare!

Ford’s new 2011 Mustang GT will serve as the Official Pace Car at this year’s 52nd Daytona 500, the first time in 40 years a Ford vehicle has paced NASCAR’s biggest and most prestigious race.

Under the hood of the Mustang GT Glass Roof Coupe will be Ford’s all-new 5.0-liter V-8, which will be available to customers in dealer showrooms this spring.

Before the new Ford Mustang’s rubber hits the Daytona 500 road it was auctioned off at the Barrett Jackson Auto show for a WHOPPPPPING $330,000, one lucky enthusiast now owns the pace car pony and has helped a deserving charity at the same time.

There are quite a few other benefits that come with this particular car. Both Mark Fields and Carl Edwards were on stage with the car, and between the two of them they threw in a trip to the Daytona 500, VIP access to the Ford hospitality center, a tour of the pits, and a lap of the track in the passenger seat with Edwards. Not bad at all. All proceeds from the sale will benefit the Juvenile Diabetes Research Foundation, a cause that Capital Ford and Capital Cares offer as much support as we can.   With all those incentives, the final price of $300,000 made it the most expensive car of the auction so far this year.

This is the first time in four decades that a Ford Motor Company vehicle will pace the Daytona 500. The last time was in 1970 when the Ford Torino GT convertible had the honors.

In addition to the Race Red paint job and special Daytona 500 striped paint scheme, the Mustang pace car features a Brembo brake package, Ford Racing suspension, strut tower brace and mufflers, unique 19-inch painted wheels, summer-only tires and a special interior treatment, including lit sill plates. It also carries an early VIN and will be among the first 2011 Mustang GT 5.0-liter V-8s made available for sale to the public. Check out the video from the auction now.

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