Have had several big Ford products, 71 LTD, 77 LTD, 89 Town Car, now this. They are indestructible. Best engine-transmission combo available. Replaced rear air shocks with Strutmaster kit; HIGHLY recommended. Magnificent ride and handling. 22 mpg mostly city driving with limited S&G. Beautiful design, well cared for by previous owners. transmission overhaul at 140k; 5.0 engine rocks. Few problems now; headliner, one rust spot, some paint fade (my fault). Turns old enough to drink this fall but is a teetotaler regarding oil. 150k now, will likely double it with care and feeding. It might outlive me, and I wouldn't mind being buried in it.
I have owned this car for five years. She is a strong good car and excellent at performance for that type of vehicle. I have had her customed by putting my own paint job on her. I didn't like the original silver/grey look (kinda meloncholy) the 5.0 is very very approiate for the STD model kickbutt passing gear and steady at 55 mph great milage for that size of car! I love the size of the interior (much better than my mom's Oldsmobile!) The trunk space is large enough to hold my toolbox and lots of backpacks (plus i like to lay in it during the summer nights) Although it's a Town Car it's really meant for the interstate.
Drove this car all over Canada and elsewhere.. Had just put in new air bags for the shocks... Which, by the way, is a recurring probem to replace the airbags for the shocks at $500. the bags rub and eventually HAVE to be replaced. How often depends on conditions 45k-80k. Now the $500 airbag motor needs replaced. Starter went out before 80k. The power windows are slow or don't work. Battery sets in opposite direction than most cars. Paint job fades fast, the worst I have ever seen. Interior ceiling falling out. Speaker covers falling off. Everything around the engine will fall off before the engine itself ever dies. This car is a money pit and the low price can easily be $3k+ in repairs.
It's like a tank, it continues to run well. I'm hopeful to make it to 300,000 by next year. The engine is still solid. Unless it gets wrecked, I don't see a problem in getting there. Runs well, great on the highway and I'm surprised to get 21 miles per gallon despite the engine size. Not sure I would buy another one used because I would be uncertain of it's maintenance. But, this one is definitely worth keeping around until it dies.