Thoughts on an 02
Junior User
Joined: Aug 2012
Posts: 64
Likes: 0
$3,000 to $4,000 seems a fair price, especially if you believe the Tranny is suspect. A new/Reman. heavy duty Tranny will run up to 5k easily. The 7.3 is tough as a stump, however it is a widely accepted fact that these motors will need a major overhaul/rebuild as they approach the 500K, 600k miles mark. This is assuming the truck was well taken care of with the recommended fluid & maintenance intervals. How are the balljoints, HPOP & valve covers? All 8 glow plugs & 8 injectors may need R & R as well. Approaching 400k, the motor will have internal parts that are reaching their life cycle. Good Luck
Cargo Master
Joined: Nov 2008
Posts: 2,332
Likes: 2
From: Summit, MS
I agree. $4,000 doesn't even come close to buying this truck. KBB private party in fair (lowest) condition shows over $10,000.
Postmaster
Joined: Jul 2006
Posts: 2,632
Likes: 4
At least the seller of the Excursion being discussed in this thread knows what his Excursion is worth.
Cargo Master
Joined: Nov 2008
Posts: 2,332
Likes: 2
From: Summit, MS
This discussion thread is right on track then. We historically and repeatedly tell everybody that asks us questions in these forums that Excursions have no value nowadays. And as I have said before, all we are doing is shooting ourselves in the foot.
At least the seller of the Excursion being discussed in this thread knows what his Excursion is worth.
At least the seller of the Excursion being discussed in this thread knows what his Excursion is worth.
Laughing Gas
Joined: Oct 2012
Posts: 1,219
Likes: 5
KBB is a guide only and not the holy grail of car pricing. What all of this should boil down to for the OP is assumption of risk. 400k is on high end of spectrum for mileage 7.3 or not. And for last 100k miles it has been towing more than trucks rated capacity. Drivetrain and structure has seen a lot of use bottom line. Are you prepared to assume potential financial liability of parts/repair on all items large and small associated with 400k miles?
Cargo Master
Joined: Nov 2008
Posts: 2,332
Likes: 2
From: Summit, MS
KBB is a guide only and not the holy grail of car pricing. What all of this should boil down to for the OP is assumption of risk. 400k is on high end of spectrum for mileage 7.3 or not. And for last 100k miles it has been towing more than trucks rated capacity. Drivetrain and structure has seen a lot of use bottom line. Are you prepared to assume potential financial liability of parts/repair on all items large and small associated with 400k miles?
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Junior User
Joined: Dec 2010
Posts: 56
Likes: 0
From: Lakewood, CA
I am looking at a 2000 X that has 138k miles and he is asking $16K. I couldnt see paying $6k less for something that has 3 times the miles. Granted you know the history and owner which could give you some piece of mind. Its only worth what your willing to pay. looks really good for having 400K miles. I know if it was me I couldnt justify pay 8-10k because if things started to go bad I dont know if i could pay to fix them. I could do suspension, wheel bearings, and what not but if the engine was to go out i could pay for the repairs.
Laughing Gas
Joined: Oct 2012
Posts: 1,219
Likes: 5
I don't care if it does lower the value of my excursion but no 11+ year old suv is worth the ridiculous prices people think they are worth. I paid $6k for mine and wouldn't even consider paying more. There will always be others for a reasonable price, ALWAYS.
Thread Ender
Joined: Dec 2010
Posts: 1,296
Likes: 8
From: SC
This discussion thread is right on track then. We historically and repeatedly tell everybody that asks us questions in these forums that Excursions have no value nowadays. And as I have said before, all we are doing is shooting ourselves in the foot.
At least the seller of the Excursion being discussed in this thread knows what his Excursion is worth.
At least the seller of the Excursion being discussed in this thread knows what his Excursion is worth.
KBB is worthless and is way off on this. BLACK BOOK AVERAGE WHOLESALE VALUE for a 2002 Ex Limited 7.3 4x4 with anything over 230,000 miles is $4700. Average Black Book Retail for a 2002 Ex Limited 7.3, with anything over 230,000 miles is $7000. They dont even give "clean" values for anything with that mileage. I am assuming that 362k mile Ex that sold at auction for $6900 was VERY clean.
That same truck with a V10 books out at a little more than half that price. On top of that, anything with a 7.3 will sell a lot easier and quicker than something with a V10 or 6.0.
Senior User
Joined: May 2012
Posts: 185
Likes: 0
From: Western MA
KBB is worthless and is way off on this. BLACK BOOK AVERAGE WHOLESALE VALUE for a 2002 Ex Limited 7.3 4x4 with anything over 230,000 miles is $4700. Average Black Book Retail for a 2002 Ex Limited 7.3, with anything over 230,000 miles is $7000. They dont even give "clean" values for anything with that mileage. I am assuming that 362k mile Ex that sold at auction for $6900 was VERY clean.
That same truck with a V10 books out at a little more than half that price. On top of that, anything with a 7.3 will sell a lot easier and quicker than something with a V10 or 6.0.
That same truck with a V10 books out at a little more than half that price. On top of that, anything with a 7.3 will sell a lot easier and quicker than something with a V10 or 6.0.
Plus...fiddle with the mileage on KBB. There's always a maximum deduction on mileage. Once you pass a certain point it doesn't reduce the price further...thus not truly reflecting an accurate value considering the risk involved in a seriously high-mileage vehicle.
New User
Joined: Nov 2012
Posts: 5
Likes: 0
Just picked up an 03 7.3 with just over a third of that mileage for 10k. I consider I got a reasonable deal but not that great that I can out another 250k miles on it and get my money back.
KBB is a loose reference at best. The only ones that will preach it is dealers, and at that only if it is to their advantage.
KBB is a loose reference at best. The only ones that will preach it is dealers, and at that only if it is to their advantage.