When Ford unleashed the 662-horsepower Mustang Shelby GT500 in 2013, it certainly drew some attention to the brand. With the car’s launch, Ford set the new baseline for muscle car horsepower, prompting tire dealers across the country to begin shopping for vacation homes and luxury yachts.

We’ve had plenty of seat time in the 2013 Shelby GT500, and we’ve come away with a healthy respect for the car. Unlike other high-horsepower domestic offerings (such as the 556-horsepower Cadillac CTS-V), the new Shelby GT500 really doesn’t have a forgiving nature, and it’s easy to overpower the car’s stability control.

Give it the respect it deserves, and the Shelby GT500 delivers as much entertainment (in the form of tire smoke and parallel black lines on the pavement) as your budget allows. For 2014, however, your budget needs to grow just a bit if you want to park a new Shelby GT500 in your garage.

Last year’s Shelby GT500 coupe carried a base price of $54,995, including a destination charge of $795. A 2014 Shelby GT500 will run you $55,445 (including destination), an increase of just $450. If you prefer the open-air GT500 convertible, the 2014 model is priced from $60,445, which reflects the same $450 bump in price.

While a new Mustang is expected for 2015 (or possibly even 2014 1/2), it’s not yet clear if a new Shelby GT500 model will be launched at the same time. It’s all but certain that the 2015 Mustang will come to market with an independent rear suspension and a more modern appearance, so Mustang traditionalists will want to seriously consider the 2014 Shelby GT500.

Don’t wait too long, though. As with the 2013 Mustang Boss 302, there will be a finite supply of 2014 Shelby GT500s.