Sexy and sleek, this new Mustang hits all the right notes.

Start saving, because we now know what it will cost to get behind the wheel of the coolest new car to hit Australia this year.

You’ll need $44,990 (plus on-roads) to buy the least expensive coupe version of the Ford Mustang, the first factory-built, right-hand drive edition of the famed 50-year-old muscle car.

With a 2.3 litre, four-cylinder turbo under the bonnet, it might be tempting to regard the base model more like My Little Pony than a rip-snorting ‘stang, but early overseas reviews praise its performance.

Real American muscle in the form of a 5.0 litre, quad-cam alloy V8 will cost an extra $10,000, while a convertible-roof option is $6500.

The sexy Mustang, due late this year, will be the hero model of the new-look Ford Australia after local Falcon production ends, but more conventional tastes will be met with the European-sourced Mondeo sedan and wagon.

Regrettably under-rated in Australia, the mid-sized Mondeo will arrive in all-new form in May, priced from $32,790 with a 2.0 turbo petrol or diesel motors and sophisticated standard features including navigation and inflatable rear seatbelts.

Buyers can option-up with adaptive cruise control, adaptive LED headlights and even an on-board Wi-Fi hotspot.

The Mondeo has always provided a refined driving feel and good interior space, especially in the wagon.