Pros:
* Luxury Features: For its time, it offered a comfortable ride, relatively luxurious interior appointments (leather, wood trim, etc.), and some advanced features that were considered high-end then.
* Smooth Ride: The Continental was known for a smooth and quiet ride, a hallmark of Lincoln's brand identity.
* V8 Power: The available V8 engine offered decent power for its size and weight.
Cons:
* Reliability Issues: This is arguably the biggest drawback. 2001 Continentals, like many cars of that era, are prone to various mechanical issues as they age. Expect potential problems with the transmission, electrical systems, suspension components, and the engine itself. Repair costs can be significant.
* Fuel Economy: The V8 engine is not fuel-efficient by modern standards.
* Parts Availability: Finding parts for a 20-year-old car can be challenging and more expensive than for newer vehicles.
* Outdated Technology: Features and technology are severely outdated compared to modern cars.
* Resale Value: The resale value is generally low reflecting its age and potential repair costs.
In short: A 2001 Lincoln Continental can be a comfortable and luxurious cruiser *if* you find a well-maintained example and are prepared to invest time and money in its upkeep. It's not a practical choice for someone looking for reliability and fuel efficiency. Unless you're a classic car enthusiast specifically seeking this model, it's likely not a wise purchase unless found at an exceptionally low price. Thorough pre-purchase inspection by a mechanic is absolutely essential.