Ford EcoBoost models will cost you an extra $700

FoMoCo’s much-touted EcoBoost system will go on sale next year and will be available on the Lincoln MKS sedan and Ford Flex crossover. FoMoCo says that it will charge a premium of around $700 when the engine is available in 2009.

The 3.5L V6 EcoBoost engine produces a total of 340-hp and 340 lb-ft of torque. Ford says that EcoBoost technology, which combines turbocharging and direct-injection allows for a 20 percent better fuel-economy and the performance of a V8. FoMoCo is hoping that it can soon replace V8s with V6s and V6s with 4-cylinder turbo engines.

Ford announced earlier this year the the V6 EcoBoost can save you $340 a year in gas money. The figure is based on if you drive 15,000 mile range a year and use the average furl price of $3.25.

That means it’ll take you around two years two break even for what you paid extra for on your initial purchase.

Ford says that 4-cylinder EcoBoost engines will debut in 2010. Ford is planning to offer EcoBoost technology on the 2010 Ford Mustang, next-generation Ford Explorer, Lincoln MKT Crossover and the 2010 Ford Fusion.

Source: Automotive News (Subscription Required)