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.
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.
