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well you could go to kelly blue book .com and go through that. if you trust your buddy and the maintenance, and everything is tight and no squeaks/major rust, id say right about 5 grand. maybe more or less, it really just depends... offer three and see where it goes from there
Not to get any hopes up but it is a bit of a rare truck, the regular cab lariats were only in '97 and '98 as far as I know. If it is as clean as I assume from your post I'd say $7K isn't out of line.