I believe I have finally purchased a Mustang that is comfortable, and looks good inside and out. Performance is outstanding to say the least. Outside of the new V8 Camaro and Charger R/T and SRT, you won't find V8 powered cars this quick for anywhere near this price. The V8 Camaro of the same year has almost always been faster (and this is true today), but I always preferred the style of the Mustang.
I collect Mustangs. I own a '65 6-cylinder coupe, a '69 428 Cobra Jet, a 1969 Boss 302, a 1971 Boss 351, a 1986 GT Coupe, and a 1990 Convertible. This 201 will never demand the collector value of the Boss and Cobra- Jet models, but it may just be my favorite one yet.
Handling and ride is amazing, the Mustang has really come a long way in the past 10 years. No more jackhammer, teeth rattling, hanging on for dear life over every bump. Only the bumpiest harsh roads seem to upset it. It is a sports car, after all.
I test rove a V6 version, and I must say the car is fairly quick too. After riding in a GT I just couldn't resist. Except for city driving the V8 gets close to the same fuel mileage on the highway as the V6.
I liked the previous body style (2005-2009), but the interior just looked too cheap, gimmicky and chintzy for me. The newest body style seems to have added just the right touches to make the car look modern yet retain that bygone era of Musclecar flair. The rear seats are still cramped and useless. Some things never change.
Essentially this is the same car as the 2005, with different sheet metal, a slightly different interior and a few more horsies under the hood.
Fuel mileage is pretty good on the highway. I've averaged anywhere from 22 to 26 MPG, and the car is barely broken in yet. City mileage, unfortunately the majority of my driving, is maybe 16/17 at best. V8's are simply no good for driving around town, but I'm still smiling from ear to ear showing it off.
I do wish Ford offered a 6-speed in the GT, with a tall 6th gear. I bet my MPG's would soar. All of my previous V8 Mustangs have achieved amazingly good highway fuel economy, even my 1986 and 1990 GT's got close to 28 MPG highway at times. I boycotted the 1994 to 1998 Models, I wouldn't be seen in a car that looked to much like a Probe.
I wish that some cheap, modest performance upgrades were offered from the factory, like the Mach 1 from 2002 to 2003. If I were to spend over $45,000 on a car, I would opt for a Mercedes or Audi, not a Shelby or Barret-Jackson.
Also Ford, enough with the fake hood scoops and side scoops. If it's on a car, make it functional or don't bother. I would love to see a new Mustang GT with a Shaker Scoop.