We bought our Cougar used with approx. 75k miles on it in 2000. Three years later, at approx. 130k miles, no major problems. It's been in the shop for routine maitenance only. Drives very smooth and it's a great looking car for it's price range.
This car is one of a kind. The driving, looks, and overall car itself is a dying breed. Although this car had a lot of problems, it has a superior ride quality as compared to today's cars. Despite body roll and the like you never feel a hard turn pull on you. The car floats effortlessly through it. I had the misfortune not to get the eight cylinder, but it was OK for power after I got an intake and chip for it. It took many a hard hit from other stupid drivers and always pulled through and damaged the other car much more. I will always remember it.
It's a good car for someone's first car. Love the car with all your might. I got my car from my dad and he always had problems with it. He sold it to me and I love it and nothing is wrong with it except the trans. which my dad broke took it to a cheap guy and put in another junk one. or else the car is great. I LOVE IT