It's to the point now where the reviews are so glowing that "too good to be true" is going through my head.
Be very interesting to see how it stacks up against the equivalent M3 for the money
http://www.pistonheads.com/classifieds/used-cars/bmw/e90-m3-07-13/bmw-3-series-e9x-m3-2012/2375664
An M3 cannot be had for 33k new, they start from 56k, £23,000 more and with same options £58,000
So more or less for the same money you could buy a V8 GT for you and a Ecoboost GT for the Mrs.
Can't compare second hand to new when it comes to money, yes you can compare the cars but new for new the Mustang really has no rivals, because similar performance car from BMW, Audi and Mercedes cost so much more. It is in the price bracket of hot hatches, but is not a hot hatch, so it really is by itself. If anything the closest rival is the BMW M235i when comparing new for new.
But forgetting new for new yes the E92 M3 is a very good one to look at, but my argument is as your not buying new, then why spend £35,000 on a second hand M3 when you can get one for £20-25.000 and suffer less depreciation.
Both cars out the box, I'd say the E92 M3 has the sweeter engine (8250rpm) and slightly superior handling. Interior wise I never thought much of the E92, infact I think the Mustang is at least on par if not better here.
Where the Mustang will easily win is engine torque, the 5.0l produces a lot more torque and has a lot more power in the 1500-4500rpm region, the M3 you have to rev it which is very awarding.
But add suspension (£1500), bolt-on engine mods (£2500) to the Mustang as I forsee it being the better handling and more fun car and what is best you can do it yourself very easily in stages.
Give you some ideas on cost:-
FRPP Handling kit (dampers, progressive springs, anti-roll bars, bushes) - $900
BMR cradle lockout, vertical links, toe rods, braces, diff bushes - $750
That is all you need to do on the handling, less than £1500 to make an already good car excellent. To bring it upto 350 handling you need those wheels and tyres.
Engine is best to just do a cold air intake, exhaust and tune, will take the car from 415BHP to around 450-470BHP and for around $2500 with the expensive item being the exhaust, but oh the noise.
Of course throwing on a blower yields insane results, minimum of 675BHP, but most cars make 750-850BHP with the Whipple supercharger and then no M3, M4 or M5 is seeing where you went and the car with the mods still cost less and you still have change. No warranty of course unless Ford UK get Mountune involved with packages to maintain warranty like FRPP do in the USA.
P.S. The Mustang is a far better looking car than the E9x M3!
