New to thread

5 quarts, use the motorcraft FL-1A filter. It's a damn good filter.

Make sure you open up BOTH drain plugs on the pan. There is one in the center rear and another up front near the front sway bar.

As for synthetic or conventional? Up to you. I prefer conventional since i change my oil frequently.

If you decide to do plugs, run the OEM motorcrafts (42C's) or Autolite 25's gapped at 0.054" Use copper plugs, not platnium.

fuel filter, PCV, new air filter, wires and all that jazz might be a good idea since you just got the car. You don't know when the last time full maintainence was done, so i always like to do everything when i get a new car to play with