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2002 Mercury Grand Marquis
Invoice: $22,415 - $26,996
Miles Per Gallon
City: 17 MPG
Highway: 25 MPG
Body Style: Sedan
Engines: 4.6L V-8 220 HP, 4.6L V-8 235 HP
The Mercury Grand Marquis is one of the last surviving rear-wheel-drive, V8-powered full-size cars built on a separate frame. Its ostensible competitors, Buick LeSabre, Chrysler Concorde, Pontiac Bonneville and Toyota Avalon, are all more modern in concept, with front-wheel drive, V6 engines, shorter wheelbases and unitbody construction. However, the Grand Marquis offers almost all the comfort and convenience of the Lincoln Town Car for a price less than that of a near-luxury mid-size car. And while the Grand Marquis has been criticized by driving enthusiasts for being way too conservative, that could change very soon as Mercury prepares to launch the Marauder version of the car with 300 horsepower, a floor-mounted shifter, sport-tuned suspension and 18-inch high-performance tires. For 2002, Grand Marquis arrives with standard antilock brakes and traction control; fold-away, power-adjustable and heated outside mirrors, and a storage pouch that's sewn into the driver's seat. A new trunk cargo organizer is optional on all models as well.
Purchasing an older vehicle, such as the 2002 Mercury Grand Marquis, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2002 Mercury Grand Marquis for less money than when it was new. If the 2002 Mercury Grand Marquis was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2002 Mercury Grand Marquis is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2002 Mercury Grand Marquis will have a good-fair resale value. This assumes that the 2002 Mercury Grand Marquis is in good condition and has a reasonable number of miles.
Find a used 2002 Mercury Grand Marquis for sale at CarsDirect.
