Everyone who has replied,
I deeply appreciate your input on this vehicle.
While I welcome further comments, I feel it is only polite to update you on this decision.
Last night I introduced the wife to the vehicle and she seems to like it. While I have serious reservations about both the transmission used in the vehicle and the air bag suspension, in light of the price I have decided to go forward with the purchase.
This morning I informed the seller's son, who is acting as her agent in this matter, that I intend to purchase the vehicle if the inspection I have conducted by my mechanic next Wednesday fails to uncover any new substantial issues.
Given the age of the vehicle, I will hold $1500-$2000 in my money market fund as a hedge against repair and/or replacement expenses.
I expect that even with occasional mid-priced repairs, this vehicle will have a lower total cost of ownership than my current vehicle, an '02 Mercury Sable LS Premium with 62K miles and $10,000 or so of remaining payments. Plus it has a bitchin' V8 making 260 horsepower... it'll be the fastest car I've owned yet, even considering my '96 Caprice with the detuned Corvette motor.
Getting out of a big monthlypayment should help with my financial situation, even if I have to buy another $1500 car in two years....
Anyone know if these things use Mercon or Mercon V in the tranny?
The manual says it's okay to run 87 in her, but she'll be faster with 91 octane.
If the rated horsepower is 260, what will she make with 87?
210 like the dual-exhaust Crown-Vic/Grand Marquis did that year?
Maybe a few more due to the 32-valve setup vs the Vic's more pedestrian layout?
130 because the guys from Lincoln don't care about people who run their cars out of spec?