3rd Gen Pricing - need your guidance!!!

[NJExplorerFan]

Guys,

I saw a 3rd generation Explorer for sale yesterday at a local used car dealership. I'm wondering if it's priced right. It's a 2005 with 74K miles, 1 owner, no accidents, leather interior, moonroof, 4.6L V8 w/class III/IV hitch, 17" wheels. The body was in great shape, 1 noticeable scratch and a minor ding. Other than that, it looked and drove PERFECTLY. The tires seemed pretty new, pads/rotors ok, no clanking, creaking or other noises while driving. Transmission, shocks and brakes seemed ok. All lights working, turning, overdrive and everything else seemed ok. The dealer also gives a 30 day full warranty if anything goes wrong with it after purchase, and they do a full inspection before the sale. They will repair and/or replace anything. Only bizzare thing I noticed was condensation in the front right headlight. They also had to jumpstart it real quick to get it started. It's been sitting on the lot for 2 weeks they claim, but I'm not sure that would make the battery go dead. The battery itself was new. Weird...

Long story short, it was listed for $13,995. Got the saleperson to go down to $13,200 and then finally $12,995. All in total, shaved off only $1K off the original asking price. I thought it was worth about $10 - 12K.

Am I in the ballpark? Ideally, I'd only like to spend about $8K on a 3rd gen with a V8. What years should I target my search?

 

[zerodevil]

03 and 04.

 

[NJExplorerFan]

And how many miles can I expect to buy at that price?

 

[zerodevil]

in my opinion about avg miles. i picked up my 03 back in 2008 with 89k on her for about 9.9K. if you can find one with 70-80 id say your in good shape, but be mindfull that it might need a new trans or diff in the near future.

 

[Cozmik]

I got my 05 EB with 75,000km (approx 45,000mi) about a year and a half ago for $12,900 ( I got mine for a steal then). If you want to spend around $8000 you're looking at 02-04 like Zerodevil said, and they will be higher milers.

 

[gforceman]

i paid 8900.00 for my 03 explorer limited V8 100k

 

[sport97]

Place down the way from me just sold a nice looking 2003 4.6 AWD mounty with 56k. The asking price was 8500, which i thought was awesome.

 

[alexk]

When I bought mine last year I only paid $5395 for an 02 xlt v8 with the tow pkg, leather, 3rd row, rear air, 6 disc CD, 4x4, and all that fun stuff. It had 92K miles on it when I bought it too. I dont think its all that great of a deal, if you look around you can find one cheaper than that. I know I saw one in Old Bridge that was similarly priced with only 37K miles on it.

 

[NJExplorerFan]

When I bought mine last year I only paid $5395 for an 02 xlt v8 with the tow pkg, leather, 3rd row, rear air, 6 disc CD, 4x4, and all that fun stuff. It had 92K miles on it when I bought it too. I dont think its all that great of a deal, if you look around you can find one cheaper than that. I know I saw one in Old Bridge that was similarly priced with only 37K miles on it.

Wow, your '02 Explorer is gone. What happened to it? And you replaced with a sedan?