Other than a few problems with a bit of rust, and the rear air suspension my car is great! Yes, the transmission can be a problem, I have heard, but I have put about 175,000 kilometers. on the original transmission, and it still works as good as new. My Fifth Avenue just keeps going! And... it sure is a pleasure to drive.
I too have had transmission problems but when I replaced it, it worked fine from then onward. I also had wiring issues in the driver side door which I had to fix, once fixed I had to also fix the passenger side door too cause it was messing up. Nonetheless, this car is nice to drive and has a ton of room. Plus the auto-darken mirror and the big trunk is a plus!
I to have a New Yorker 5th AVE, can't drive it for the tranny went out at 79,800 miles. The drivers window went out just weeks before the tranny did. I am tired of Chrysler products; I had a new Plymouth Voyager Van before this. Started to have big problems with it so got rid of it.
Now I am looking for another car.
I liked the way the New Yorker handled; nice, but not so nice when it is broke.
My Dad bought a new 1992 5TH AVE. Drove the car 310,000 kms on its original motor, original transmission, never had a major problem.
Brake pads, tires, radiator hose, headlight - a couple of bulbs. I did the repairs myself.
Oh yeah, oil changes every 5,000 kms; for a while it was every 4-6 weeks because of 5k, so it was time.
Very smooth, quiet car, very reliable..
Sold the car in 2000, bought a new Chrysler LHS not, sure of the km on that car, but no problems either. Now owns a new 2009 Dodge Charger R/T, a hot rod for his retirement!! He is young at heart, and all the cars he had, he still floored the car from a standstill and hwy merging often, his theory being if you never floor it, then you decide to floor it, the engine won't be used to it.. then kabooom!! He drove smooth and I guess it paid off.
Not a bad car for its day. Transmission replaced, and replaced air suspension with springs and shocks. Pretty good styling, and still a looker. You've got to be brave owning an old car like a 1992. All this aside, they are a great driving automobile. Don't expect these vehicles to perform like something 20 years newer. In their day they rivaled Caddy and Lincoln. Reliability is as good as the other brands. Yes, you can see North America in them if you are in a retro mood. A true American classic.