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The 2004 Sequoia with the 4.7L V8 and 2WD has been doing well for me. 55-70mph trips it gets about 18-21mpg and average for my tanks are about 16.5mpg locally. Bulletproof reliable and still drives like a new car at 218k miles after doing the timing belt with aisin parts for $250. People compliment the looks with the white paint job and the limited pack wheels. Sequoia is rated for 6500lb but a Tundra will tow 7100lb.
Towing the boat or jet skis it gets the same gas mileage as the 3.0 Ranger that normally gets 23-25mpg avg so just remember all the gas burners get about the same mpg towing.
Purchased for 4000 so it was pretty cheap as well. Friends who have bought similar mileage Tahoes in the last year with the 4L have rebuilt 1-2 times so careful with those.
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"I feel like the bad decisions come into play when you trade too much of your time for money paying for things you can't really afford."
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