Haven't owned this car for long. It was THE car I was looking for -- I wanted to make sure I bought a Concours edition and I wanted the older body style from 1997-1999 model years. I've heard bad things about the newer body style and that they don't ride as nice.
I paid $3,800, but my mechanic thinks I could put an ad in the paper and double my money right now. When I brought it in for a pre-purchase inspection, he said that they expected to see a one in front of the four digit price that was plastered on the windshield (it was priced as 3850). That certainly made it much easier to write the check, but I still think I could have gotten it for below $3500.
My mechanic spent about 30 minutes with the car (not including the road test), before just laughing at me when I asked if there was anything wrong with it. They indicated it was more than a solid purchase at that price, and that the only issues were an small oil leak and tune up -- at 121,000 miles the car had the original plug wires.
As for the leak, I was told if it was an upper oil pan leak there was no real way to fix it -- short of tearing apart the entire aluminum engine (stupid) -- you just monitor the car and add oil as needed. If it was a lower pan leak, it was easily fixable.
I've had the car parked in a garage (I don't really drive much) and I haven't seen any spots from leaks under it at all though, so maybe it's not really that bad.
I also asked whether some of the bad things I had heard about the Northstar (guzzles oil, etc) were true. My mechanic said they were not.
The fit and finish on this car are unrivaled for the amount of money I paid. It's literally loaded and all the options work. Most likely this was a one owner car -- not passed along from hand to hand. Heated seats, CD/cassette, self-closing trunk, message center that monitors the battery, oil life, gas mileage, voltage use, even tells you when ice may be a problem, compass, traction control, front wheel drive, air shocks, programmable presets for mirrors, seat position, radio station for two drivers, weather band radio -- it's ridiculous.
The big smooth V8 can hump it up to 70 with seemingly zero effort. So far I've only driven it in very cold weather and for short distances before scurrying back to the heated garage I'm keeping it in -- more than anything I'm trying my best to avoid cold starts. But I've noticed no problems on the road. It takes premium, but who cares -- I'm not commuting 100 miles a day and never will. Mechanic also recommended Chevron Techron, which I was quick to incorporate. Needless to say, it's also quite roomy.
I expect this car to go another 100,000 miles, especially given my driving habits -- I tend to drive like a little old lady without the riding the brakes part -- but we'll see. I'm sure there will be things that will require replacement, but as long as it's limited to general use items like the brakes and shocks, I'm not going to lose my mind over it. It's a friggen car -- not a magic carpet.
I'm curious to see how much of an effect a full, major tune up will have on the performance and mileage. Right now though, I believe I got the best car I could get for the price I paid.