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Nothing has gone wrong.
I have had this car for about 2 months now. No problems till now. But I seriously feel it is really over hyped and not worth the amount it sells for. Visually the car is and absolute stunner. People look at you when you are in it. It sounds excellent from the outside! garbage from the inside. When you press on gas, you hear more noise, but the car stays there and then suddenly the power comes and you accelerate. Really does not feel like 320 pound foot torque when you get off from a start, but it builds quickly. That is the only difference between this and the V6 mustang. However, the V8 is smoother. V6 is coarse and raucous. As far as the handling is concerned, it is not the best, but not that bad either. It handles curves nicely if you drive it you do everyday, if you try to be fussy with it, it gives it right back to you. But, for me handling has not been an issue till now and I am pleased with what I have in it.
However, I feel that the rear "Constant-Rate Coil Springs, 3-Link Design with Panhard Rod" was essentially a cost cutting measure. Over bumps, it is absolutely rubbish. However, the seats are nice and comfortable which make up for the sub-par rear suspension. Nevertheless, I still think Ford could have made a better suspension.
Stock stereo is OK, has a lot of Bass and less clarity. Controls are nicely laid out. Rear seats are for small adults or children only.
One more thing that I noticed is that it does not seem to have insulation over the area above and near the rear tires. It always is noisy in the back and you feel like there is some window in the back which is left open.
It suffers massive depreciation. If I had to do it all over again I would go for the V6 which was about 8 grand cheaper, or would go for a used BMW. My old used 540 drove way better than this. No comparison at all.
My suggestion to others, don't buy it, for the same price you can get a used BMW/Merc/Audi/lexus or Volkswagen. they drive much better and more comfortable.
This car is no luxury cruiser like your 540. It's a solid axle muscle car. Solid axle is also lighter and less complex than an IRS setup.
Your acceleration woes are probably due to the auto tranny.
I think your conclusion should have been "don't buy it if you want a luxury car... instead, buy a luxury car". I think everyone in the world knows that a mustang is not a luxury car, and will not ride like one.
I'd check the awful reliability ratings of BMW, Audi and Volkswagen before trading a solid and reliable Mustang for one.
As for the V-6 Mustang being "rough and raucous", I don't agree at all (I have a 2007 V-6) and if you compare purchase prices with resale values of 4-year-old BMWs, Audis and Mustangs, you'll find that Mustang returns a much higher percentage of the purchase price.
In addition, Mustang actually GAINS in value after a while. I just saw 4 Mustangs bring over half a MILLION at a recent auction.
I think if you expected this car to be like your BMW you have a real problem.
This is not a luxury car.
So don't compare it to one.
Why don't you just go back to your luxury car and sell your Mustang to someone who will enjoy it and not complain about it.
"In addition, Mustang actually GAINS in value after a while. I just saw 4 Mustangs bring over half a MILLION at a recent auction."
I appreciate what you're trying to say, but you can't compare 1960's/1970's muscle car values to regular cars. A 1984 Mustang GT or 2006 Mustang GT is never going to command the value of a 1968 Shelby GT 350. In fact, even a 1960's Mustang won't command the value of a Shelby GT 350, or a 429 Cobra. No comparison.
Our family has owned 2 5-series BMW's. They were more comfortable than our current Mustang. They were NOT more reliable. For price and reliability, the Mustang is a much more sensible choice all around.
The 60's Mustangs won't command the price a Shelby will, but the prices of even the basic 60's and early 70's Mustangs is still going up rapidly. I recently considered selling my 3rd car and buying an older Mustang to fix up. I could only get around $6000 for my old car, and a local expert on collectable cars told me that even a rusted out shell of a '69 or '70 Mustang fastback would go for that, while a drivable one requiring restoring would easily bring over 10 grand. Looking around locally I found that nice ones in good driving condition were bringing more than I paid for my loaded new 2007 Mustang.
Yet another person who bought a car without test driving it. Virtually ALL of your complaints should have been noticed on a test drive. Why do people feel so compelled to spend thousands of dollars on something they don't really check out BEFORE buying? I always take a long and thorough drive in any car in all conditions and speeds... especially a sports car where performance is so important. If the dealer wont let you drive the car then go to another dealer. It is even better if you can drive a used one that is the same model and get a feel for a broken-in car that has a bit of mileage on it.
I think one of the best procedures for really getting to know a car is to rent one for a few days and really live with it like you will after you buy it. There was a Fusion review on here for a 2008 Fusion and that is exactly what that buyer did (that review was later removed). I've done that with two cars over the years myself and it really gives you a chance to see how the car performs and how it will feel with a few miles on it.
Trouble with that theory is... you can't rent a Mustang GT. Hertz has a few of the GT500's but they are very limited and only automatic and they aren't a real good comparison to a standard GT. If you are looking to buy a car you can actually rent (same model) then I agree that would be the way to go but sports cars are impossible to find as rentals.
Some years ago our Ford dealership would rent prospective customers ANY car they were interested in, just like Hertz or Avis. I don't know if you can still do that or not. In our area many dealers will simply let you just take a car home for a weekend to give it a good test. We've done that three times. Once we bought the car and twice we didn't. Two of the cars were Dodge. We bought one of them. The other car was a Pontiac Vibe GT.
I take my 2007 Mustang to local Mustang shows. This weekend I was at a show and one of the other show participants had an absolutely gorgeous 2000 Mustang GT on display. It looked showroom fresh inside and out and under the hood. I was blown away to discover that the car is a daily driver and has nearly 200,000 miles on it!! We've owned 6 Mustangs prior to this one, all of ours have been incredibly reliable. The newest one is the best of the lot, but, yes, it does ride like a sports car (in other words ROUGH). At least I don't have to go to the dentist to get my fillings replaced after driving it like I did with my old 5.0!!
I do not believe the new Mustang GT is over hyped, maybe a bit overpriced. Comparing it to a BMW or luxury car is pointless. That would be like calling a Honda Civic Hybrid a hunk of junk because a Mustang GT blows away from it at a stoplight.
The Mustang is the only Pony car that has survived since the 1960's. The GTO has came and gone twice, the new Camaro will probably flop along with the Challenger, and the recent GTO was shamefully ugly. The new Mustang has tons of raw power and beautiful looks and sound. Mustangs are and always have been a little "rough around the edges" but for the most part they are simple and reliable cars. The GT achieves reasonably decent fuel mileage for a V8 and handles well in my opinion.
I plan on ordering a 2008 or 2009 GT. It will be my midlife crisis car and probably be one of the last REAL performance cars built before the hippies and tree huggers totally dig their claws into the U. S Auto industry.
I just bought a Shelby GT Barrett-Jackson special edition Mustang; What a pile.
The stripes around the hood scoop are lifting and creasing. The car has been in the dealership for a month, they couldn't fix it. Then Shelby motors tried to fix it and they are on their second attempt.
I have only driven the car for 3 weeks out of the 2 months I have owned it. Everyone at Ford involved in this car has passed the buck in my resolve. Shelby is trying to help and fix the problem, but they don't know how to fix it.
Beware if you buy a Barrett-Jackson, they all have this problem. After almost dying last year, this car was going to be my celebration of living and my mid life crisis dream car. Instead it has become a 50000 dollar mid life nightmare; thanks Ford.
Also I have had the chrome letters saying Shelby fall off the car the first week I had it. The car is a poorly made vehicle, but it looks nice in my driveway.
Involved in the Ford motor company.
Wow, just another really good reason why one should NEVER buy a Ford! I am sorry that you had to go through all that misery. Hope it works out OK for you!