Pros: "Great Performance, Good Gas Mileage, DuraTech V6!"
Cons: "Expensive Transmission repairs, it is a FORD..."
Likely to recommend this car? (1-10): 9
"The 2006 Five Hundred Limited.
What is bad: The transmission got rebuilt at 68,000 miles. There is a tech bulletin on the software contained in the EPROM. This is the EPROM that controls the shifting solenoid which causes it to become confused when doing a double-downshift (like for passing or rapid acceleration) Since I got the car (at 165,000 miles) I took it to (A transmission shop) where they were able to diagnose the computer problem (2005-2006 Ford Five Hundreds with the 6-speed automatic transmission) So that was taken care of with a $159 reprogramming and it made things all better.
Performance is amazing, it drives like it's on rails and the 3.0 Liter V6 is extremely durable; built with a timing chain instead of a belt for longevity and won't skip timing on you like a belt would. The leather interior is very nice and the dual zone climate control is pretty good at keeping the car cooled down (although black cars just get hot, there's no way around that!) The passenger seat even folds flat- this basically allows you to fold down the back seat and passenger seat to load 2X4's or whatever else you 'need' from Home Depot without all the extra cost of owning or renting a truck.
Combined 21MPG city/highway commuting. On just highway it gets up near 29MPG on flat straight roads cruising at the magic 65MPH. Just watch out if the transmission needs overhaul. The components are mostly made in Japan and can end up running more than the KBB value for the car."
"Great car overall,more room inside than previously owned Cadillac, better ride, also. Would be one of the best cars i ever owned, if it didn't have the CVR transmission which broke right after I bought it. Replacement cost $5K."
"Purchased this car in 2007 because of ease of entrance and exit. My wife has mobility issues and this vehicle required neither climbing (SUV) or lowering (most all Sedans). Setting and driving position are ideally suited to my 6' frame which greatly reduces fatigue over long distances. While Ford still makes this car as a Taraus, it has been reduced in overall size and now has no comparasion to the original 500. I would purchase a new model of this car as it occurred in 2005!"
Pros: "everything you could want, MPG good,smooth ride"
Cons: "Transmission needs replacing @ 93,000 mi"
Likely to recommend this car? (1-10): 10
"This is one of the nicest cars I have owned including 2 I purched new. My 2007 Ford 500 was 5 years old when I purchased it 3 years ago and has driven flawlessly for the entire time. Comfort is awesome with a strong emphasis on features not often found in vehicles in higher price ranges.
Although there is no negative effect yet, there is a whirring noise that has been identified as trouble with the transmission. Since it is a CVT, I've been told that replacing it is the only way to go. It will come with a full 3 year warranty (if it is a Ford product and done by the dealer) but will cost more than the KBB value. Is it true that putting a new major component into a vehicle hastens the failure of others that are working fine now? When does love outweigh sensibility?
I haven't gone anywhere but the dealer but I will before making my decision. Any feedback?"