Sounds like a great truck but I wouldn't pay that much. Granted it has low mileage, but you can do much better (financially) with more miles. I bought a 2002 LTD 4X4, about the same setup (one-owner, always dealer serviced, oil changes every 3K miles [at the dealer], full maintenance) with 144K miles last April for $8000 (from a used car lot). Given the age of the truck, I will drive it for another 100K-150K (max), which is about 6 years (it has 160K now). In short, you are paying a HUGE premium for low miles that you likely won't ever need. Basically you are paying 50% more than I did, for a year older, non LTD truck and it's unlikely you'll ever drive it long enough to be worth the extra $4000. If you have $12K to spend, I'd go with a 4th gen. If you can get it for $9500-10K, I'd be more inclined, but it's still not a bargain (and there are bargains out there).