Faults:

Transmission started to slip at 120,000.

Driver-side mirror became hard to see out of.

Door handles on both sides got loose.

Buttons on the temperature control started to crack.

The Head lights get fogged up and makes it very hard to see out of when it is raining or has just rained.

General Comments:

This car is very fast.

The gas mileage isn't good at all and my car only runs good on premium octane.

The stock system was mediocre at best. I put a different head unit in it with sub-woofers and it made a world of difference.

It is surprisingly good in snow with winter tires.

Faults:

Transmission took a dive about 3 months after purchase, the transmission on all, but the 97 and 98 cars are highly suspect and not very reliable over 100k if driven hard.

Air spring suspension is leaks over night in the front.

A good deal of front end work, including, LCA's Lower tie rod ends.

Drivers door handle snapped off.

Wipers only work on high.

Radio works intermittently and cd player no longer works.

Sunroof needs help opening and closing.

General Comments:

It is a very fun car to drive. Having all that power along with pretty good highway gas mileage is a great combo. The car can bring a smile to your face when you down shift going 55mph and bark the tires before you cannon ball ahead. I can get around 25-29 mpg on the interstate going 70mph, granted city mileage inst great, the car being a V8 and all.

The car is a mechanics toy, if you are mechanically inclined this is a great car to own and to even work on sometimes. The air springs are going to be old no matter what car you buy at this point in time, but there are coil spring replacements for about 400 for all 4 corners that will improve, stiffen or lower the ride of the car along with the added reliability. The cabin is unique and the stock sound system is great when it works, it gives me all the bass and noise I need ;).

I currently have glass packs on my car and it a very nice growl to it.

Faults:

The following are very common problems with the '93 Mark 8...

First time the air suspension blew ($1000)

Transmission had trouble shifting between 2nd and 3rd. Improved, but never fixed ($200)

Brake rotors warped from the weight of the car on lower quality rotors ($400)

Radiator blew ($600)

Air suspension failed again. (Quoted at $2,500).

General Comments:

Let me say that I really enjoyed many aspects of my Mark 8, but there is a reason you can buy one so cheap.

Let me say that the car DOES indeed have three things... comfort, power, and luxury in excess.

For these reasons, it actually has a very strong following. Which in-turn makes it easier to diagnose the host of common problems that you will experience sooner or later... usually sooner.

Now if you have around $7,000 to $8,000... you can buy the car for $3,000... put $4,000 to $5000 into it and have a really great cruiser.

But otherwise - just stay away!