If I were in your position I would find a used 05 or 06 that has already gone through its initial depreciation. That way, when the next gen comes out with the new engine and you decide you want one, you could sell the stang you have without getting hit too hard on depreciation. I look at it this way, the automotive world is crumbling before our eyes. These last few years of muscle car-ness need to be treasured and taken full advantage of. Do not waste 2 years that you could spend driving a legendary car.

 

Wait for the 2010, new engine, better suspension, improved interior, sync, etc.

 

Actually, the 4.6L 3V V8 is already found in the 2006+ Ford Explorer and 2007+ Ford Sport Trac(292hp due minor packaging issues) and will be in the 2009+ Ford F-150's that start production in the next few weeks. And, the 3V heads actually debuted on the 2004 F-150's with the 5.4L V8.

My emails to Ford to put a 4.6L 3V V8 in the Fusion AWD still aren't being answered. Oh well, guess I'll keep my '07 GT.

 

I agree with the lease option as well. My '08 is a 2 year lease and will be up in March of '10. I can either buy my '08 at that time, roll over into a '10, or turn in the lease and order an '11 and go most of the summer without.

Lease plans change all the time, but I got something like 4.9% with a 72% residual on a 10.5K / year lease which gave me a nice low payment.

A lease is not for everyone, but in the right situation they can work out great!

 

Here's another vote for the lease option...

I'm paying just over $300 a month including taxes for my fully loaded 2008 GT Premium convertible. In February 2010 I can buy this car or either trade it in or drop it off at the nearest Ford dealer depending upon its resale value. I'll be looking closely at 2010/2011's and any leftover 2009 GT500's.

Martin

 

If I ever get around to trading mine in, I'll go for an '08 while they're hitting the sales, and then wait for the 2011's, since I've heard the 11's get the new engines.

 

So are the 2010 or 2011's getting the new 5.0l v8?

i know no info has really been released officially but I thought the 2010 had the new engine and exterior

now it seems like the 2010 has same engine as 2009 but diff exterior/options but only the 2011 will have the 5.0l

thanks

 

2010 get new body/interior, 2011 get new V6 AND V8 engines.

 

I know we haven't seen much official, yet, but does anyone think that the "concepts" look like a corvette and one of those new camaros did the nasty? I'm lookin', and I can't find a whole lot of 'Stang in the new designs...

 

I'm in the same boat. I've been looking into getting a S197 for quite some time now, but with the refresh coming up, I think I'll be better served to just wait and at least see what it offers. If it looks good and has some sort of HP bump from what we have, I may go ahead a go for one. Frankly, I am not sure I'm willing to wait until 2011 to get the 5.0. It really is rather silly to introduce a new body style without the new engines to go along with it. The two should be synonymous. Regardless, if worse comes to worst and the 2010 Mustang looks abysmal with no performance improvements, I'm sure I could get a good deal on a '05-'09.

In regards to the new engine, I don't think it has even been confirmed that the 2010 definately won't get the 5.0. The rumors might point one way or another, but nothing has been officially said, AFAIK.

 

You mean like in 1974 when the all-new Mustang II got a 2.3L 4 cylinder and a 2.8L V6? That was an excellent choice of new car and new engines....

 

Yick, not those new engines. Let's just say I'm referring to *this* particular case.

I'm leaning more toward the 3.5 V6 and 5.0 V8.

 

I was just kidding, of course. However, Ford doesn't always throw in a new engine just because the offer a new body style, but sometimes they do. More often they sneak in new engines mid-cycle of a body style.

1967 - widebody designed to accomodate 390 V8 big block, but all other engines carried over (I6 and several 289 V8's).

1969 - several cool new engines: Boss 302, Boss 429, 351's, while keeping some familiar favorites (I6, 302, 390, 428).

1971 - Boss 351 and 429 Lima motors introduced in Mustang with new body style. Other familiar engines remained (I6, 302, 351).

1974 - 2.3L I4 and 2.8L V6 introduced on newly downsized Mustang II. Familiar 302 V8 didn't return until 1975 after public outcry for V8.

1979 - carryover engines, but lots of minor adjusting during the Fox years.

1994 - carryover V8 (5.0L), but minivan 3.8L V6 introduced.

1999 - 4.6L V8 gets big power bump (SOHC and DOHC), but still the same basic engines that arrived in '96.

2005 - 4.6L V8 gets another big power bump and 3V heads, but still the same basic engine.

2010 - ???

 

If you absolutely need to have a special order to get the color/option package you want, then at least wait until early in 2009 when the 2010 details are a little more set in stone and while you can still special order an '09.

If you need to have new but are not 100% particular about the options, wait until the 2010's come out and then if still undecided, pick up a hold over 2008 or 2009 model at dealer mark-down/rebated prices to clear their lot or the new models.

Now, as others have said, if you don't need a "new" car, pick up a good low mileage used 05, 06, 07 for cheap compared to "new" where you pay for the depreciation. Then if you fall in love with the 2010 / 2011 model, trade in the "old" Mustang.

 

If you are going to Lease one do it as soon as they hit the showrooms. The residual drops every month the longer the 09 is out. I did a 2 year lease on a 99 Ranger and a 96 Explorer and it worked out pretty good for me. Buying after the leasing period is up might not be a real good deal though just double check all the numbers real closely before signing anything. I got burned on a Dodge Ram lease in 2001. (my fault) Good Luck!

 

I just leased my '08 in March and my residual was high. 72% on a low mileage 2 year lease. I was told by several salesmen that was high. 4.9% on the finance part of it. I made out good.

 

Not a big fan of "renting" a car but that's just me. I'd live for today and try to find a new 2008 for a good price with the stuff that you want. They're out there.

 

I don't know where the information you guys are getting concerning what size V8 will come in the new2010 Mustang but I just read a short description in what I think was Car and Driver while waiting in the doctor's office. It said it was going to have a 6.2 L engine with 435 HP in it. I think this is to compete with the new Camaro and other cars. We'll see, but imagine what kind of power that could make with mods!

 

Most 2 year lease residuals are in the 45-55% range, meaning those cars depreciate quickly. 72% is one of the highest residuals I have ever seen for a 2 year lease (low mileage or otherwise). By having a high residual, that means there is less money to be collected in the form of monthly payments during the lease (the other 28% in your case, less any discount/rebate you got on the car). Leasing is great in situations like this, but bad for cars with low residuals as the payments are way too high.

 

You're only renting the car if you choose to turn the car in at lease-end. This is a good thing if you decide you don't want the car for any reason at lease-end. If you had a traditional loan and wanted to unload the car in a couple years, most people find they owe much more on the loan than the car is worth as a trade-in, so they're upside-down (inequity). In a lease, you're never upside-down at the end of the term (unless they've damaged the car beyond normal wear & tear, or driven excess miles beyond what they agreed to at the start of the lease - two things that would affect trade-in value even if they paid cash or financed anyway).

And for someone who wants to eventually own a car, another option of a Ford Red Carpet Lease is that you can buy (or finance) the car at lease-end if you choose to keep it. The amount you buy it for is a predetermined amount clearly stated in the lease up front.

A lease gives you options, and it does not take away your ability to "own" the car.