Need some opinions... fair price, or not on 2002 Lariat - Ford Powerstroke Diesel Forum
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Old 06-18-2013, 04:35 PM
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Need some opinions... fair price, or not on 2002 Lariat

I had been looking at some 6.0s, but just can't convince myself that they're worth the trouble. Lower mileage and good-shape 7.3s are harder to find, but I did find a pretty nice looking 2002 F250 Lariat Crew Cab 4x4 with a diamond-plate tool box and auxiliary fuel tank with 151k priced at $15,900. I test drove it, and everything felt solid, started right up, engine ran very smoothly, plenty of power, etc. Does the price seem fair? I know these 7.3s command a bit of a premium, but I don't really know how to judge the price tag. Any thoughts/advice would be appreciated.

I actually saw the truck when I was test driving a beautiful 2006 Ram 2500 5.9 (I'm not really brand loyal at this point, so I was willing to try anything). It's the nice Laramie package with leather, power everything, stereo/gps system, upgraded wheels, new tires... really sharp truck, tagged at $18,900. I was ready to go for it, but it has a strange quirk... the grid heater light stays on all the time, and my research has indicated that it may be a bad injector(s). The salesman admitted that he had noticed a lack of power when he drove it. I had never driven a Cummins before (at least not an on-road vehicle), so I had nothing to compare it to. Seemed ok to me, but definitely not as powerful as the 6.0s I drove. The dealer serviced it, and sent it to a "diesel shop." They claim that everything "checks out," there are no "mechanical problems," and the grid heater light is traceable to an ECM glitch and just needs an upgrade. I'm not sure I'm convinced........ I'm test driving it again tomorrow morning. But the good news is, the 7.3 is at the same dealer, so I'm thinking of going in that direction if the price seems fair.

Thoughts?
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Old 06-18-2013, 04:45 PM
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NADA says that it's worth $15,525 in my area. That said, it's worth however much you want to spend really. There's a thread on here somewhere of all the things to check when thinking about one, but the biggest things would be your front suspension/steering system. Ball joints and all that madness. Pull the intake tube and check the turbine wheel for wear and tear. But, if she starts up nice, idles smooth, isn't bellowing smoke in it's stock form, and is all around a clean truck, go for it. I'd try to talk them down a bit myself, but haggling is part of the buying process. Once it's in your driveway, you get to learn about the wonderful world of modding these beasts and making them fun to drive.
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Old 06-19-2013, 10:56 AM
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Originally Posted by Macon View Post
NADA says that it's worth $15,525 in my area. That said, it's worth however much you want to spend really. There's a thread on here somewhere of all the things to check when thinking about one, but the biggest things would be your front suspension/steering system. Ball joints and all that madness. Pull the intake tube and check the turbine wheel for wear and tear. But, if she starts up nice, idles smooth, isn't bellowing smoke in it's stock form, and is all around a clean truck, go for it. I'd try to talk them down a bit myself, but haggling is part of the buying process. Once it's in your driveway, you get to learn about the wonderful world of modding these beasts and making them fun to drive.

He said it well, but what the hell do you get to do with the snow cats?
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Old 06-20-2013, 07:21 AM
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Thanks, guys. Picked it up yesterday, all in (including taxes, fees, etc.) for about 16k, and they took my old rusty Subaru off my hands. Almost bought the Dodge, but noticed a major tranny leak that they traced to a hairline crack in the housing. At least the dealer was upfront and honest once they discovered it! The only reason I was going to go for the Dodge was all of the fancy creature comforts, but at this point I'm very glad I got the Ford. Had a 120 mile drive over the Rockies to get home, and she didn't balk at all. Ran smooth, decent mileage (somewhere around 18mpg all up and down mountains), all is well. Here she is:



Only issue so far is a very slow coolant drip, front drivers side. You can see the few drips that fell overnight. Hoping it's not major???

Last edited by bushmogulmaster; 06-20-2013 at 07:34 AM.
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Old 06-20-2013, 07:35 AM
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He said it well, but what the hell do you get to do with the snow cats?
I was a cat operator for several seasons back in Vermont. Ended up winch grooming in the Prinoth BR350 in my sig. Great job. I'm out in Colorado doing primarily IT work at the mountain now, but will be doing some training for the grooming department, and will probably hop in a cat from time to time again this season.
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Old 06-20-2013, 09:16 AM
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Originally Posted by bushmogulmaster View Post
Thanks, guys. Picked it up yesterday, all in (including taxes, fees, etc.) for about 16k, and they took my old rusty Subaru off my hands. Almost bought the Dodge, but noticed a major tranny leak that they traced to a hairline crack in the housing. At least the dealer was upfront and honest once they discovered it! The only reason I was going to go for the Dodge was all of the fancy creature comforts, but at this point I'm very glad I got the Ford. Had a 120 mile drive over the Rockies to get home, and she didn't balk at all. Ran smooth, decent mileage (somewhere around 18mpg all up and down mountains), all is well. Here she is:



Only issue so far is a very slow coolant drip, front drivers side. You can see the few drips that fell overnight. Hoping it's not major???
I would guess the sloe coolant leak would be the water pump, do a little reading they are known for it.
I just did the ELC swap with new hoses and belt. with coolant filter.
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Old 06-20-2013, 09:19 AM
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Originally Posted by chrispaine View Post
I would guess the sloe coolant leak would be the water pump, do a little reading they are known for it.
I just did the ELC swap with new hoses and belt. with coolant filter.
Yeah, I had read a bit about the water pump, but this doesn't seem to be coming from the area of the water pump. I put more details and a pic of the leak here: Slow coolant drip, driver's side - see pic
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