Is a 2003 Ford explorer XLT for $10,000 with 22,000 miles worth it?
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im looking to buy a 2003 ford explorer XLT for 10,000$ it has 22,000 miles on it, its my friends parents so the guy was older who drove it and its very clean car just wondering if ...show more
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Answer:
Check the N.A.D.A. blue book value. This is the blue book most banks rely on. The vehicle in question has very low mileage and an xlt is normally loaded with options and fancy trim. If you plan on keeping it a long time and putting quite a few miles on it I believe that $10,000 is way better than purchasing a new one. Also you would save a bundle on the interest over borrowing much more for a new one. Again check the N.A.D.A. value instead of the kelly blue book value as it is more accurate. Most dealers use the kelly book but more importantly most banks use N.A.D.A.
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Other answers
Low miles for an '03. I'd say it's a good deal.
Rick
If it really has that many miles on it, its probably a good deal.
Government is a gun to your head
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