I'm a little rusty on this year Expeditions, but i'll give you what i can.
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They're usually priced between $10,000-$14,000. A few that I've looked at are between 70k-97k in miles
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This is a good range, so the prices that they are going for seem fair. If you don't mind spending a little extra, take the time to look at the ones with 50-60k on them in the same year for the extra 2 grand...they'll have been taken care of a little more in most instances...ie they were mainly parked and used for travelling purposes, so it will be more highway miles. Highway clicks are always better! This is the trend i found in these when they were traded in at my dealership.
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Also what MPG are you getting?
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The new ones are rated at 16 city 23 highway. With the older models like what you're looking at, their gas mileage will be around what these new ones are rated at, mainly because the older ones are lighter with the same motors. Maybe 1-2 MPG less either way, and that will also depend on how you drive it.
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I'm wondering how these higher mileage SUV's hold up and what are some common mechanical failures on them. I'm a home mechanic so I think I can handle some stuff that might come my way. Plus, I've never had a automatic and am wondering about transmission problems on them.
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These traditionally hold up quite well in their highwer mileage as far as powertrain is concerned. The 5.4L V8 is a great motor, and i'm unaware of any transmission problems with these vehicles, though it wouldn't hurt to call a dealership service department and ask about past tranny problems. They could also give you a heads-up as to any recalls (i'm aware of any) that were on the vehicle so you can have them done if they haven't been.
The only time you may be concerned about the motor/tranny is if a trailer was being pulled...quite often these Expeditions are either bought because the original owner didn't want to pull with an Explorer or wouldn't foot the bill for the Excursion. If the latter is the case, find out the weight of the trailer and how often he pulled it. The Expedition, model pending, pulls up to 8000lbs. Anything heavier then that and you want to stay away from it, as it's been abused.
As far as little things, when you get into those miles there could be any number of little things to do. Tires, shocks, brakes, hoses, belts, coolant flushes, wheel alignment. All these things will be typical of about any Expedition you look at...the key is finding one with the fewest of these problems as possible, (duh!) to not only get the most bang for your buck, but also to see who's taken care of it to what extent.
Squeaks/rattles from the rear of the vehicle are quite common on these, they're just signs that the Expedition is getting old and is nothing to worry about unless it's persistant. Hard bumps/corners will show this the best so make sure you push the vehicle a little when you drive it.
That's about all i can tell you other then to go for the 5.4L V8, you'll be happiest with it's power and the gas mileage is identical to that of the 4.6L V8. I can't remember if the 4.6 was available or not, so here's my recommendation one way or the other.
If there's anything else you'd like to know post back and i'll see what i can find for you. I was a Ford Salesman, so i have resources that will help you.
Good Luck!