26-Years-Owned 1958 Mercury Park Lane Phaeton Sedan

Description

OFFERED WITHOUT RESERVE

Introduced in 1958 as Mercury’s new flagship, the Park Lane replaced the Turnpike Cruiser and aimed to elevate the brand into the premium full-size market. Built on a stretched 125-inch wheelbase — three inches longer than other Mercurys — the Park Lane measured over 220 inches in length, with most of the added size in its rear deck. Styling was bold and chrome-laden, reflecting late-1950s extravagance.  

Under the hood, it featured a standard 430 cubic-inch V8 producing 360 horsepower. Offered in three body styles — four-door hardtop Phaeton Sedan, two-door hardtop coupe, and convertible — the Park Lane emphasized luxury with advanced features like push-button transmission controls and upscale interiors. It competed with Buick and Oldsmobile but sold fewer than 10,000 units due to the 1958 recession. Despite that, it set Mercury’s tone for prestige. 

Originally painted Parisian Green with a black and white interior vinyl, this 1958 Mercury Park Lane Phaeton Sedan has been refinished in blue with a white/cream embossed floral vinyl pattern on both the front and back of the seats, as well as blue carpet. The car is equipped with a Multi-Drive Merc-O-Matic three-speed automatic transmission with neutral start and pushbutton keyboard control. 

This Mercury is now offered on behalf of its 22-year owner with a maintenance manual, parts catalog, and a clean Michigan title in the current owner's name.

Factory Equipment 

• 430 cu-in V8 “Marauder” engine rated at 360 hp and 490 lb-ft. of torque 

• Multi-Drive Merc-O-Matic three-speed automatic transmission 

• Neutral start 

• Multi-Drive Keyboard Control with High Performance vs. Cruise 

• Power steering and brakes 

• Heavy-duty coil spring suspension 

• Wraparound windshield and rear window 

• Front-hinged hood 

• Steel wheels with full wheel covers 

• Sound Blanket insulation 

• Floor heater 

• 120-mph speedometer 

• Electric clock 

• Pushbutton AM radio 

• The data plate decodes as: 

  • Style: 57C – Park Lane 4-Door Phaeton Sedan 

  • Color: 115 – Parisian Green (now powder blue) 

  • Trim: 220 – Black & white vinyl (now white/cream embossed floral vinyl) 

  • Date: 25L – Built 25 November 1957 

  • Trans: F – Dual range automatic transmission 

  • Axle: N – 2.91:1 rear axle ratio 

• The chassis number (K8T6501351) decodes as: 

  • K – 430 cu-in V8 “Marauder” engine 

  • 8 – 1958 model year 

  • T – Metuchen (New Jersey) assembly plant 

  • 6 – Park Lane 4-door hardtop (Phaeton Sedan) 

  • 501351 – Sequential production number  

Modifications 

• Refinished in blue paint with white top and white accents (1995) 

• Reupholstered in white/cream embossed floral vinyl (1995) 

• Recarpeted in blue (1995) 

• Glass pack on muffler 

• Steering wheel spinner 

Servicing & Documentation 

• Silvertown 2.50-14 wide whitewall tires 

Known Imperfections 

• Paint chips 

• Paint cracks and corrosion on passenger rear quarter panel in front of wheel 

• Mechanic suggests the fuel pump should be serviced/replaced 

• Hood ornament is missing 

• Fuel gauge shows half full when tank is full 

• Wear on seats, interior door arm rests, steering wheel, and dashboard 

• Passenger dashboard padding is cracked 

• Spots on passenger side front carpet 

• Scuffs on dashboard control plates 

• Clock is inoperable 

Ownership History

The seller of this 1958 Mercury Park Lane Phaeton Sedan purchased it in July 1999.

Included Items 

• Spare tire 

• Jack and lug wrench 

• 1958 Mercury Advance Maintenance Manual (181 pages) 

• 1957-58 Mercury Chassis/Parts Catalog (400 pages) 

Additional Information 

A Broad Arrow Specialist is working as an agent on behalf of the seller of this vehicle. As such, the purchase transaction will be facilitated by Broad Arrow, including vehicle payment, applicable taxes required to be collected by the seller or Broad Arrow, and title/ownership reassignment. Broad Arrow is a wholly owned subsidiary of Hagerty. 

Contact: Craig Zimmerman Phone: 586.707.5811‬ email: cszimmerman@hagerty.com