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All Mountaineers are four-door models. Two engines are available: a V6 and a V8. Three different drive trains are available: Two-wheel drive (2WD), four-wheel drive (4WD) and all-wheel drive (AWD).

The price of entry is $27,370 for a Mountaineer 2WD with a 4.0-liter V6 and five-speed automatic. At the top of the line is the $29,835 Mountaineer AWD with 5.0-liter V8 and 4-speed automatic.

In addition to the engine choices, Mercury offers two main option packages, called Premier ($595, available only in Spruce Green) and Monterey ($495). Other option packages include the Convenience Group ($1,195) and the Luxury Group ($1,495). Individual options include electronic temperature control ($275); power moonroof ($800); reverse sensing system ($245); side-impact air bags ($390); HomeLink/Travel Note ($215); towing package (including 3.73:1 axle ratio) ($355); rear load-leveling ($395); skid plates ($105); a MACH audio premium sound system ($440); 6-disc CD changer ($370); electronic temperature control ($275).