Faults:

One radio (Skipper 1000).

One fuel pump due to stalling after long cruise.

Many interior rattles, mainly in the dash and rear pillars due to missing insulation or fasteners.

A P062 code that the dealer can't figure out, Ford Tech Services says it is due to water getting on the MAF sensor, but the times it has happened it has been dry outside.

General Comments:

This is my first NEW car and I never even did a test drive, the car still had all of the white plastic on it from the transport truck. I used to own a '70 coupe and loved that car and this one reminds me of it so much with its styling minus all of the mechanical faults. This cars gas mileage is outrageous, I get almost 30 MPG (29.7) in this when I drive normally to work and home (42 miles round trip) and it's a V8!

One thing I wish this had was heated seats, that option is on the '07's, but it was not on the '06's, also the high-beam light should be red and in the shape of a pony like my '70 was, that blue light is way too bright at night.

Now being 23 most people would think that I race this thing around, but I don't, I've worked hard to buy it and it is now my baby which is why I believe I get the mileage I do, now with that being said you do have to exercise all of those ponies sometimes!

My cars specs:

2006 Premium Coupe

4.6L 3V V8

5-Speed Manual

Black exterior

Red leather sport package interior with brushed graphite panels

My Color instrument display w/display center

Shaker 1000 radio/CD/MP3 player

Limo tint rear window, 35% side windows

Chase turn signals (like sequential)

SS Inserts skeleton pony front badge

Power everything

Active Anti-Theft

17X8 Wheels & Tires

Tinted front headlights & fog lights.

General Comments:

This car has enough power for a V6. My buddy owns a modified 2005 GT and I can keep up enough to be pretty near him on the highway. The car really takes off with a bit of effort.

The SOHC 4.0 Cologne engine though being used with the V6 Explorer SUV, shouldn't be underestimated. It is a big improvement compared to the previous 3.8 engine. And overall, it is a cleaner engine.

Our 3.0 2003 Ford Escape V6 has about 200bhp, and the 4.0 V6 Mustang has 210bhp, which leads me to the conclusion that the Mustang's engine is still sleeping. There is plenty of work that can be done.

The engine bay is comfortable for wrenching and modifying stuff.

I've heard people complaining about the transmission noise, and this is pretty normal. The Tremec T-5 transmission is indeed noisy. I like the noise. It is a sportscar after all.

Shifting this transmission is hard at first, but you get used to it. After you break it in and after you've played with it for some time, you'll shift naturally without problems. Some people resolve shifting problems with an aftermarket short throw shifter.

Reverse gear can be a pain sometimes. I just put it in 1st gear, move forward a bit, and shift to reverse. This has solved my situation.

Also, the driveshaft is pretty weak, so if you plan to modify your Mustang, such as installing nitrous or any type of forced induction (turbocharger or supercharger) you might want to replace the stock driveshaft.

The steering wheel vibrates at high speeds. This is normal.

There is no button inside the car to open the hood, which sucks, but it is something you can live with.

The rear seats you can call them fake. This car is a two seater.

Enough trunk space.

The car has many blind spots, so you have to be careful when driving and especially when parking in reverse. Took me some time to get used to, since my other car is a 2002 Ford Focus ZX3.

Another flaw is that the V6 'Stang lacks a limited slip differential, which would power both rear wheels, instead of the current passenger side rear wheel. It is not a problem since you can get it installed if you like. It is worth it.

My car came with the Pony Package and with that comes with the anti-lock brakes and traction control system standard. I turn the TCS off and I personally feel that I save a bit more of gas.

I've owned Fords all my life and they have never disappointed me. This one is no exception. My whole family owns Fords. Ford did a great job with this Mustang. This is my first Mustang and my third Ford. If this car was stolen, I would buy it again in a heartbeat.

No car is a 100% perfect, and what I payed for, I am more than happy. I haven't had any major problems with the Mustang or any of my previous Fords.