I agree, I wouldn't be too afraid of getting a 3rd generation model with 120,000 miles on it. I have 85,000 miles on my 2001. Recently I saw this in our classifed section:
http://www.toyota-4runner.org/showth...threadid=23224
http://www.cars.com/go/search/detail...8&aff=national
This car, looks great. He is selling it for $8,000 and it has 197,000 miles on it. In my opinion that kind of mileage is a little high. We are going to see more and more 4Runners like this, since they hold up so well. So, I guess I am saying 120,000 miles doesn't seem all that bad on a 4Runner. I think it would have a lot of use left in it.
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2001 & 2004 Toyota 4Runner SR5 4X2
Both V6 and both Natural White
"Yeah, I like white and I like 4Runners"