I’ve had my ‘99 GT as my daily since 2008, (stuck with it ever since it was the first I owned and bought in high school to having recently finished college with the same car) and it’s got around 214k miles on the odometer. The thing has been a tank and reliable as hell but I’m looking now to move on to an S197, specifically another GT. (S550 just doesn’t fit the budget since I’m looking to keep spending under 18-20k)
How’s the platform in terms of reliability (automatic or standard transmission doesn’t matter to me, the new edge was a manual), usage around town and highway, and fuel economy? Any advantages if I opt for the 5.0 Coyote in the 2011-14 models or should I stick with the 4.6 on an ‘05-‘10 model? What kind of fair/good pricing should I be looking at for a model under 100k miles?
I have a '14 GT Premium, purchased new late in '14 just before the '15's were hitting the dealers. It was steeply discounted, which is why I could justify stepping up to the Premium package. I'm 61. I owned a 10-year-old '69 Mach 1 when I was a kid. I hated to sell it when I sold it, but I was broke (Thank you Jimmy Carter). As far as styling, I disagree that the pre-'11 models pay more homage to the originals. Yes, they're more boxy like the originals, but the styling cues from the 11-14 are a nice blend between old and new. The pre-11 models are straight at the top of the rear quarter. The old Mustangs all had the bump there like the 11-14's have. The grille in my '14 pays homage to both the 69 and 70 grille -- The fog lights are 69; the turn signals with the two horizontal bars are '70. The seats in the Premium are very reminiscent of the seats in my Mach 1. The side "scoop" (I don't know what to call that L indentation in the side just back of the door) is reminiscent of the earlier Mustangs. The styling is more rounded and "swoopy" overall, making it look more modern, while it still looks like a classic Mustang. The tail lights remind me more of my '69 as well, looking more deeply sculpted than some of the earlier 197's.
But OP didn't ask about styling. My 14 has been dead-on reliable at just over 42K miles on the odometer. Granted, the MT-82 is the most difficult-to-shift manual I've owned, and I've owned manuals since I started driving. I'm saving my pennies to replace it. I wouldn't even consider a 6-banger. Even when I was a kid, a 6-banger in a Mustang was a travesty. The Coyote is one amazing engine. The stock 351 Windsor back in the day was about done by 4500 rpm - making a "stunning" 290 gross HP. The Coyote happily makes tons of power right up until you bounce off the limiter -- something you'll do until you get used to it. It's piles and piles of fun. Why would you give up HP for the older 3V engine? It's only money, after all
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I daily drove my GT for about 3 years -- 35 miles one-way on the freeway. It's an easy thing to get over 24 mpg at 80 mph on the freeway (3.31 gears) if you drive sanely -- which you won't do. My trip computer regularly showed 21 mpg overall in mixed highway/city driving, though the city driving rapidly drops off if you're not gentle on the throttle.
Now my Mustang has a Gen5, Stage 2 Whipple on it. It's piles and piles of fun. ...don't have such an option with the 6-banger. My trip computer now shows 18 mpg, mostly city, mostly spirited. The blower doesn't affect mileage until you actually use it, but why wouldn't I use it after spending all that money and all that time to install it? My only regret with the blower was losing my fog lights. The heat exchanger was just too big, so the fog lights had to go. Now my Mustang looks more like a '70 than a '69, but it's so fast, I can live with it not looking like my '69.