← Lincoln Town Car · 1995-1997 · Panther 2

Lincoln Town Car 2nd Gen Final Years (1995-1997)

Panther 2nd-gen final years. 4.6L Modular SOHC V8 (210 hp), RWD, body-on-frame. Last of the truly traditional shape.

Verdict
B
BHP
210 bhp
0–60
9.5 s
Top speed
115 mph
MPG
20.0 mpg
Used
$5,000-$13,000

Final three years of the FN36 second-generation Panther Town Car. 4.6L InTech SOHC Modular V8 — single overhead cam per bank, two valves per cylinder, sequential fuel injection. 210 hp / 270 lb-ft from 1994 onward (with the optional dual-exhaust 'Cartier' trim making 220 hp). 4R70W four-speed automatic from 1995 (replacing earlier AOD-E for higher-torque capability). RWD only. Body-on-frame architecture with full perimeter steel chassis. The 1995 mid-cycle facelift introduced smaller clear-lens headlights, redesigned organic-shape interior with new dashboard and curved door panels, and a new steering wheel that became the Panther-platform standard until 2004. 1996 added OBD-II compliance. 1997 was the final 2nd-gen model year before the 1998 ground-up redesign. Production at Wixom Assembly, Michigan. Sales remained strong throughout these years (over 100,000 units in 1994, declining gradually). The 2nd-gen final years are the cult collector pick today — last of the truly traditional Town Car shape with the squared-off proportions before the 1998 rounding.

Strengths

  • Body-on-frame architecture (robust longevity)
  • Modular V8 reliability (over 300k miles common)
  • Last of the truly squared-off traditional Town Car shape
  • Cheap depreciation-bombed pricing
  • Limousine-grade ride quality

Weaknesses

  • Four-speed automatic dated even in period
  • Heavy curb weight (~4,100 lb)
  • Cabin tech now 30 years old
  • Air suspension components age
  • Resale weak versus Lexus LS400 of the era

Notable tech

  • 4.6L SOHC InTech Modular V8 (210 hp)
  • 4R70W four-speed automatic (1995+)
  • Body-on-frame Panther platform
  • Air-spring rear suspension
  • Dual front airbags standard from 1990

Common issues

  • Air suspension air-spring leaks (rear)
  • Intake manifold gasket degradation (4.6L Modular)
  • Spark plug seizure in aluminum heads
  • Window regulator failures
  • Climate control HVAC actuator failures

Used-market budget

$8,000

Driver-grade $5-8k. Clean civilian (non-livery) low-mile $8-13k+. Documented air suspension service is critical. Cartier trim with dual-exhaust 220 hp commands modest premium.