118000 isnt too many miles! Just getting broke in! If maintained the modular engines are 300000+ engines!
Known problems are broken spark plugs (should have been changed 18000 miles ago and wont need changed till 200000) Make sure they were replaced before you buy it! Saves you a big head...
You could try replacing the TPS. On the 3v they do more than sense where the throttle position is. It is also responsible for IAC. Could be why it runs rough.
Easy way to make money! You can easily triple your money flipping vehicles. I believe he said he has to find a way to make some money to pay for the bills that his disability? doesn't cover.
I have done some research and found that there is a PCM update. You might go by the dealer and check it out. If I have time Sat i will be going to the stealer!
http://www.fordf150.net/forums/viewtopic.php?f=31&t=42635
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