What's the big MPG debate between V6 vs V8?
From what I've read, the new 2011 V6 gets up to or around 30 mpg highway and around 20 city. Let's say 25 mpg average for the V6.
For the purpose of this comparison, we'll use 20 mpg average for the V8 GT- 15 mpg stomping between stoplights, 25 on cruise control on the highway.
I drive about 18,000 miles per year or 1,500 per month, between my work commute and pleasure.
I'll figure gas at $2.90 per gallon for this comparison.
The difference between the V6 "bonus" and the V8 "penalty" is only $522.00 per year (that is just ten bucks per week!).
And for guys that drive lots less miles, the difference is less.
I'll drive the SUV camping (it gets 18 mpg average) and I'll drive the four wheel drive in our Chicago winters.
As far as the $5,000.00 purchase price difference, Edmunds and Kelley Blue Book prove it comes back at resale.
And as far as insurance goes, "mature" good drivers don't pay much more for GT vs V6. I got a quote for a full year at only $600 with 250/500 limits (includes multi vehicle and homeowners policy discounts).
So there doesn't seem to be much reason to "skimp" on the V6.
Your insurance numbers are not realistic for the average driver, but yes, for some of us (and I'm one of them) they could be. I still don't see how the V6 is "skimping". I drive on the most congested roadways in America day in and day out. I can barely find room to tap into my 305hp. The GT, which I did drive, is awesome. But, honestly, where I live it's useless.
And there is absolutely no resale data on the 3.7L Mustang V6 generation of vehicles. You are assuming they will retain residual value at the same clip as older models but there is no way to know that at this point. It's just as possible that the 5.0 Coyote engined vehicle will lose more residual value if fuel costs creep back above $4. You may not be concerned with the cost of gas, but look at what $4 gas did to the value of used SUVs. The consumer market in general is very aware of this cost difference.
So...people...buy the Mustang you want, for whatever reason you want, and just enjoy it.
FYI...I get around 22 in heavy stop and go commuting (more stop than go) and probably a combined 25ish when in mixed driving.
Have a great day everyone.