They made these LTD's on the same chassis from '79 on up to '91 with only the exterior fascia and engine design (slightly) changed. You're right about it being one of the last full-on old school cars.
I've owned several from '79 to the 1990 I have now, including the twin sister Grand Marquis. I've been T-boned in one by a woman in a Grand Am doing 40mph (her Grand Am was towed off while I DROVE my poor wrecked car home unhurt!) and I can't say enough about these cars.
You were lucky to find that one with low mileage, and ESPECIALLY on that High Output motor, which was optional and usually only found in the police cruisers.. which have all been beat to hell and scrapped.
LTD driver for life.
Look... You guys may or may not believe what I'm about to say. But, I am the owner of a Bentley Arnage 2008, and decided to buy this 1988 Crown Vic station wagon. Now, I don't really know how many of you ever rode or driven a Bentley. But a Bentley is a marque, that when you get to your destination, you have "arrived" But this, 1988 Ford station wagon to me is the cat's meow. In my leaner years I always had Ford wagons, so I decided this was a thing on my "Bucket List" to get another wagon and drive it like I did in the early years. Well, I can tell you, I thoroughly enjoy driving my "woody". Love the ride, the handling, and the performance. What else can be said, except it doesn't cost me 350.00 bucks for an oil change.
Really. The 5.0 HO motor in a Crown Victoria?
Well, sure, if you think that plaque on the engine that says "5.0 EFI HO" actually means anything, go right ahead. The 5.0 in your granny's Grand Marquis had the same plaque, though.
And the police cars usually had the 351 V8, not the 5.0.
These cars are very reliable. I myself have an '88 Crown Vic, and it's about to roll over to 330,000 miles. She was my first car, and had 203,000 miles on her then.
I have always taken really good care of her. I plan to drive it for a lot more time. Although, I need to do some top end work to it. Sounds like the lifters are starting to go, but it's cool. The OHV motors are cake to work on.