How much should I pay for a 1999 ford explorer?

I looked at a ford explorer yesterday, and I'm going back tomorrow to make an offer. Here's part of the ad

Brand new TIRES, all 4 shocks, AND PA Inspection till May 2015!
Pacific Green with grey cloth interior.
EVERYTHING WORKS
NO LEAKS
Equipment includes:
4.0 V6
Automatic OD trans
Air Conditioned
Power steering
Power Brakes
Power Windows and locks
Rear wiper and washer
AM/FM Stereo and CD Player sound system
Tinted rear windows
Spare tire full size and has never been used
Has minor dings, no major dents. Normal wear for mileage. No tears or rips in interior. Small rust above drivers rear wheel opening. (try to find one that isn't)

I love this car. The brakes are like new, and it just had an oil change about 500 miles ago. Lots of small things have also been replaced(wiper motors, window motors, door handles, typical stuff that goes bad on these cars. It has 186k miles.

The guy is asking $1995 but on Kelly blue book it's only worth 1500-1700 depending on condition, and I think it's very good.

The transmission will go soon if it isn't already slipping. It wasn't ever expected to go 186,000 miles, For this car to make economic sense you have to buy it cheap. I like these 4.0 engines. They have a good track record, though they get poor gas mileage. Tires replacements are pricy as they are large. Your spare is 15 years old and should not ever be used. I would have the transmission checked. If it checks out I would come in with an offer of $1400

Honestly i agree with @Stacy. American cars don't have the greatest gas mileage, the break down easily, and just not reliable. But as for your question, don't pay more than $1500 for it, because of its high mileage. If it were a japanese car then 186k would be a piece of cake on a japanese cars, but american cars just don't have a decent life expectancy. If your trying to buy this for you highschool son, go ahead and do it, but as a daily driver I wouldnt recommend it, it can break down anytime

Offer 1500 and be willing to come up to 1700.

Inspect the title before making an offer.

I would never pay more than 1500 for a 15 year old ford especially with 186k miles every one i've owned was a "POS" it would have to be in mint condition for me to pay almost 2 grand. My advice would to buy foreign they last longer and you don't have to keep fixing window motors door handles ect.

So it's a dealer?