Gen 2 motor failure rates are lower then Gen 1. No way I could go back to a Mach 1. Id have to move to a GT500The motor in my 2017 just went at 12,000 miles. Complete loss of oil pressure. I bought it with 8k so its possible the previous owner dogged it - but the car was absolutely mint when I purchased it. I always let it come up to temp, changed oil, etc. Ford hasn't told me what the point of failure is yet, but it sits at the dealer right now awaiting a new motor.
After all of my research (really hard to find concrete stats) and combative posts on the GT350 facebook group when ANYONE posts about Gen 1 vs Gen 2 failures etc - I knew I had to buy the warranty right after purchase. It's pretty evident as I read through the 100+ page thread regarding failures that was created pre 2018 I think. I applaud those that have had trouble free ownership but if you're a realist as I am, you want to be prepared. These are finicky cars.
You have to understand with these cars the inherent risks due to the uniqueness of the motor. I commend Ford for building it. If the GT350 wasn't as amazing of an experience as it is, people wouldn't take the risk - including myself.
I'm currently debating on what to do with the car when I get it back. I just love it to pieces though. The sound, high revving excitement, how it looks, total dude magnet and everyone waves/revs/wants to chat at gas station - I love it. It all makes for a fantastic ownership experience in the short 9 months I've owned it. Really my favorite I have owned thus far, even with the engine going out.
My wife and family members keep asking "What are you going to trade it in for" but the GT350 really does speak to you. I fear if I go to a Mach 1 or back over to GM...i'll miss it.
I'm thinking about extended the extended warranty if that is even possible. I just don't want to deal with the motor pooping out again, several tows, coordinating with dealer. The worst part is the wait, honestly. I just want to drive it again......