I have a 2002 XLT..
Hello cf020,
I have a 2002 XLT 4x4. I got it in January of 2002. Bought it off dealer lot. I don't know off hand where you are located, but I'm in NJ. My husband got me a deal of $200 over dealer cost, which for my model was $28,035. The only option I got was the combo CD/Cassette player. I have none of the other stuff, such as running boards, 3rd row seat, etc.. if you want a bare bones model, then the price your talking may be too low. I got the incentive of $2000 rebate and bank financing of 6.4%. I sold my 96 Sport for $5500 (which was paid off already) and put $5000 down along with the rebate, on the 2002. So my payments ended up $30 cheaper per month than my 1996 cost me.
Problems..well. There are a few so far. There is a thing that Ford calls "Phantom unlock", where when you exit the vehicle and press the power lock button, it thinks the keys are still in the ignition and it unlocks the doors on you. It will work fine with the remotes. A solution they hope to come out with around June. I just have to watch when I go to lock it.
Today I went down the road and the CD player cut out and then came back on. Then the ABS light came on, and the Battery light, then all the gauges stopped working and as I pulled it into a parking lot, it stalled and it would not restart. Had to use roadside assistance and have it towed to my dealer.....who found the problem to be with the battery not holding a charge...faulty, so that was replaced. Also the exhaust is loud...sounds like a leak, but is not. Ford is working on a solution for that as well.
Other than that, I love the truck. It rides like a car. And hopefully it will run fine when I take it to Virginia in June.
I hope that helps you. Green Flash