The 2016 Ford Mustang will be cheaper to service than the Falcon XR6 Turbo and Falcon XR8, when it launches locally this month.

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Servicing costs for the Mustang have appeared on the Ford Australia website and show that the V8 Mustang GT will cost $290 to service for the first 12 months or 15,000km, while the four-cylinder Mustang will cost $300 to service for the first 12 months or 15,000km.

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Surprisingly, Mustang servicing costs undercut turbocharged six- and supercharged eight-cylinder Falcons by $130 and $50 respectively, over the same period, with the XR6 Turbo coming in at $340 and XR8 at $420.

The servicing disparity between Falcon XR8 and Mustang GT grows even further in the second and third years, where the price difference blows out to $305 in the second and $185 in the third years.

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The Ford Mustang will launch locally this month with a starting price of $45,990 for the Mustang Fastback EcoBoost, which is powered by a 2.3-litre four-cylinder turbocharged petrol engine and a six-speed manual gearbox.

Prices jump to $57,490 for the six-speed manual, 5.0-litre V8 Mustang GT Fastback with a six-speed manual gearbox. Both variants are $2500 more for the six-speed automatic and $9000 more for the Mustang Convertible (automatic only).

Read our Quick Guide to the Ford Mustang, and check out our international drive review of the Ford Mustang.