If it is purely cost, consider the following since you are considering a used Mustang. The years you are considering are still devaluating, meaning they are still losing value, and most likely will not go back up within your lifetime. The cost of a used V6 and a used V8 is not that much. So, if you are considering buying a V6 and converting it to a V8, you are going to be wasting a lot of money, and a hellava' lot of labor and headaches and time. Just buy a V8 Mustang if that is your ultimate goal.