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Today's trucks should only blow black smoke. And that is only under flat out accelleration. My vehicles do when I step on it. But each has a performance chip.
You may get some white smoke for a short while after a fuel filter change as the system is purged of air. But that should not be prolonged. If they tell you that they changed the fuel filters as a reason for the smoke then, if you have the extended warranty, you might not have as big a concern.
I ditto the Extended Warranty. Have them include it. No extra charge. When I walked away from my Ex they called and begged me to come back and buy it. And that was in 03 when sales were "normal". I told them no sale w/out the ESP. It was no big deal. They were enthusiastic to "throw it in".
There is a deductable for it though. $100.00 per incident. Or, something like that.
And check into which one. I believe there are 3. One only covers the engine and drive train. I believe one covers everything like it is a new vehicle.
Check into the start date being from your purchase date. Not the original date of the vehicle's initial delivery date.
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'03 Excursion, 7.3L, 4X4, Auto tranny of course (they all did), 4" MBRP exhaust, TS performance chip, K&N FIPK w/ an Amsoil EA filter, Hellwig anti-sway bar, drilled/slotted front & rear rotors. Rancho XL shocks, Rancho steering damper, Airlift 5000, S&S Diversified headlight mod. This baby surprises a lot of, so called, performance cars. 
'04 F 350, extended cab, 6.0L, FX4, manual tranny, 4" MBRP exhaust, Bully Dog Triple Dog downloader w/ Outlook moniter (Very disappointed in the Bully Dog), 2m-70cm Yaesu ft-8500, S&S Diversified headlight mod. 
'96 Mustang Cobra convertible, B&M short throw shifter, Koni adjustable shocks, viper chip, drilled/slotted rotors front and rear, rear sequential turn signals. 
'11 Harley-Davidson Road King Classic 103 ci PowerPak w/ anti lock brakes & Smart Security system. It even has cruise control!!! Candy Dark Root Beer over Candy Light Root Beer  Yaesu FTM-10R & a Comet CSB 790A
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