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Regarding the mileage in the V8, realistically, you are looking at 28 mpg highway. You might be able to get 30-32 in the middle of summer on a perfectly flat road going 60mph but just imagine how difficult it would be to do that. As soon as you enter the city or traffic its going to take a dive into the teens, and so most people get a combined average of around 18-22 depending on how they drive. Which is amazing for a 6.2L V8, but still not good gas mileage for a daily driver. And its premium gas you need.
Insurance will likely be a 200-500 more per year depending on your plan, for a V8.
Oil changes are also more expensive because you need 10 quarts of oil.
Tires, also more expensive. Although agree with sentiments in this thread that with a good pair of durable high performance all seasons, you could easily go 30,000 miles on a set.
To me, actually, none of that matters at all. I could afford to drive a V8 and pay the gas and insurance but I choose not to. I daily drive my 2.0T for the following reasons: number one, its 3280 pounds and feels like a go-cart. Second, it was crazy cheap...24k for a manual 2LT with heated and cooled leather seats. I could crash one at the track and buy another for the same price as one 2SS. Third and most importantly, I get to use ALL of the cars power on the street and that feels awesome. If you are daily driving a car, that's really important because there is nothing more frustrating than driving a car all the time but never getting to use the power.
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