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Originally Posted by xcler8
I always hear (and used to think this myself) that Insurance and gas will be sooo much cheaper in a 6cyl vs GT....
not true
Honestly, the more you mod that 6 the worse gas mileage you will get...the 3.8 isn't as efficient as GM's 3800 series V6's...and with my personal experience I get low to mid 20's MPG in my 04 GT where as with my older (2001) V6 I got mid twenties-27 mpg....
At 3 mpg difference lets say 23 vs 26 @ $1.75 for gas=
Over a 5 year period average of 20,000 miles per year:
V6 with 100,000 miles will cost $6730
GT with 100,000 miles will cost $7608
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Total difference: $878 for 5 years
Insurance was $72 per month on my 01 V6 (full coverage)
Insurance is now $88 per month on my 04 GT (full coverage)
$192 PER YEAR more for a GT
Granted not everyone can get those rates, this is on my own experience.
So on these figures it will cost you about $367 more to own and operate a GT over a V6.
That's about a dollar a day difference in those two categories combined...not much of a savings in my book...
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I get 35 mpg with the UD's and CAI. That's 10 more than the GT. The EPA estimated 28, mpg, which is 4 mpg better than the GT. City mileage is MUCH better than the GT, so you'll have to adjust your formula. I drive 35,000 miles a year.
My insurance is $56. GT would have cost $84.
At 28 mpg. total cost at $2.00/gal (which has been the average here the past year) = $7142
at 24mpg $8333.
Savings of $1191
Insurance = 336 dollars/year* 7 years (average length of time cars are kept). $2352.
I already have 70,000 miles on my car (2003) so In the 1st year, I saved nearly $500 in gasoline costs, which I reinvested in CAI and UDP's. Since then I've saved $3333 -2285= $1048 in gas over a GT, for a total of $1548, add the insurance savings which is $420, and I've saved $1968.
Do the math.
That's not even considering that I only paid $13,000 for the car, the interest on the (minimum) $6000 over 5 years, and the $6000 I saved to begin with.
So the total savings (not including interest) is $7968.