The first Town Cars made their debut in 1981. This car featured a Windsor V8 engine and a 4 speed automatic transmission. Some of the luxury features included six way power seats and an integrated amplifier piping tunes to six speakers. Leather interior was an option on the Signature and Cartier editions. Key pad entry was also an option on this car, making it one of the first to feature this option.
The second generation models rolled into showrooms in 1990. The Windsor V8 was the only option for the first year of this car, but it was replaced in 1991 by the Modular V8. Rear air suspension was made a standard feature for the first time, allowing for a smoother ride. After 1996, when Cadillac discontinued the Fleetwood Brougham, the Town Car became the only traditional style luxury car on the American market.
The third generation started in 1998 and is still being sold new today. The engine remains the same Modular V8 introduced in 1991, but the styling and platform are far more advanced. The Touring edition has a more powerful version of that engine.
Although it continues to receive negative reviews for being out of date, the Town Car is still a favorite for riders. It may like the power to get down the road quickly, but it still offers the comfy seats and loads of legroom desired by wealthy passengers.
These cars do not hold their value very well, which is very good news if you want to buy a used Town Car. You can literally find these cars selling for a small fraction of their retail price. Try looking on eBay, where you can find 10-year-old Town Cars selling for just a few thousand dollars.