Your Falcon would have tested about 13 litres/ 100km when new. For comparison purposes, the Commodore V6 would return about 11.5 litres/100km, the 3.5-litre V6 Magna about 10.5 and the Camry closer to 13. Clearly, on that basis the Magna is the car for you.
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The Mitsubishi Magna 1989 prices range from $1,380 for the basic trim level Sedan Elante to $4,070 for the top of the range Wagon Se.