This has to be the highest priced 2nd gen in the country.

Whoa. I bought my 2003 XLT for less around 14 years ago. Had around 74k. Gas was around $4 a gallon and these trucks just sat on the dealer's lot.

 

Just gave him $1,200 and then he took most of his stuff. Left too much behind in my opinion. Lol

I paid $1,200 because the 5.4 is less than two years old with around 40k miles on it. Can’t find any rust on it anywhere either. Though I do still have to do this little swap...

 

2 vehicles of the same age, one with significantly less mileage than the other is worth $500-$1500 more than the higher mileage vehicle. Not loads and loads more $$.

But if you’d like to shell out all that extra money for a vehicle that has been parked (which isn’t the best thing for a vehicle), then by all means: I’m not stopping you.

 

LOW MILEAGE? 19,700

2004 XLS 4.6 - BOUGHT NEW - NOT FOR SALE



When commercial fishing, always had a pickup - necessity. After retirement from fishing,
sold pickup, and bought the Expy - very low price ($22K) due to lack of power seats, and the 4.6 engine. Perfect for my needs. Wanted enclosed load capacity when needed, or passenger capacity (9) as an option. Load capacity is the only option ever used. I'm 89 (2 months) truck goes to Costco once a month, 5 miles round trip, has helped grandkids move to and from college. Only maintenance: replaced 2 cat converters, tires - not due to wear, but age, oil changes, engine air filter.

 

If you say so.

If you think you can get a 2015 Expy with 40,000 miles on it for $500 more than one with 175,000 good on yah.

(All 2015 platinum 4wds below)

 

Value is a strange thing. What YOU value vs what I value are 2 different things. I don’t place much value on mileage.

Change my mind.

 

And that’s why it’s called MARKET
Value. Not explorertoms value.

Weird way to admit you were wrong.

Again, if you think you can get
an identical 2015 with 30k miles for $500 more than a 2015 with 175,000...that’s cool.

Make believe is fun.

 

We're talking about an 18yr old model not the new trucks where those low mile options likely still have warranties and such, also being considerably more desirable than the 2nd Gen by today's standards, for most of the market anyway. There isn't nearly as much weight given for low miles when you're 2 decades old, outside of a collector vehicle anyway.

That being said the 2015+ have a ridiculously wide range depending on where. A friend of my wife, she and her husband picked up a 2016 EL limited with all options available for the limites with 28k for $31k about a year and a half ago in Northern california and brought it back to the Midwest. They stole that thing. Sold their 2004 XLT w 175k locally for about 3500 and used those proceeds to buy the 125k extended.

EL with twice that mileage around here are that price or more today.

Dealers think an old low mile car is worth 50% more for some reason. Paying enough extra to buy a crate motor and transmission is just foolish to say you own a low mile vehicle.

There's a nice 2004 EB about 20mi from me "with low, low 7500 miles per year of use"...translates out to 122k. Dealer wants $8k! I emailed him and was like guy, actual book value is over $2000 less even w the mileage taken into account, if you want to start talking at that price I'll head right over and check it out and see if we can make a deal. Emailed back and said nope, I know what I have. Lol, ok man. Glad I'm not depending on selling your cars to feed my family. I feel sorry for whomever has that job.

 

Mileage is directly tied to market value simply because it’s an indicator of wear and tear and/or remaining life expectancy plus cost of ownership.
The more worn ie mileage the sooner you’ll be replacing parts. Thus the reduction in values in the market.

There is certainly truth to the notion that an older car w low mileage can have as many repairs because it sat. The questions aren’t so black and white.

A 2015 w 60k miles is obviously worth more than one with 120k. That’s logical.

An individual’s preference however is a whole nudder ting.

 

Exactly. But a 10 year old vehicle with 75,000 could simply have been a commuter car or an around town car. My wife’s vehicles are driven daily and only put on MAYBE 10k a year.

Either way, if people think they can get low mileage cars for the same as high mileage then go for it. I think they’ll likely end up with a lot of “that dealer won’t sell it to me! They are dumb!” Types of stories over successes.