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Not sure a mid twenty budget will get a very good version of either but I would go with the 5.0. I have spent some time lately debating and driving both. It really comes down to what you like to do with the car. I like twisties and found the gt500 to be too heavy, so the 5.0 gets my vote. It's not much faster and I personally wouldn't s/c it so the motor wasn't that big of a deal. But if you like drag racing and showing off then the 500 is for you
Absolutely! I experienced this first hand with my 2008 Convertible GT500!
....but I suggest you go and test drive a few of each and then make a Pro/Con list...I'm pretty sure your decision will be much easier.
Thanks guys you all made some good points. As of now I'm leaning towards the 5.0 considering it will be under warranty and all the GT500s in my price range have over 60k miles on them.