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Switch it to a synthetic and see if it burns any oil when you do. If not, keep running it. If it does, go to a blend or back to dino.
Couple of reasons the rear axle might have been replaced: Axle seals and/or spider gears. Both known problem spots.
Most of the LE trucks in that year did come with leather. If it's got factory wheels, they should be 6 spoke. 5 spokes belong to the SE models, and steelies belong to the XEs. If it's got an emblem on the rear tailgate that just says "5.6", it's an XE. If it's still badged on the tailgate it should say "5.6 LE".
Pics or a link would help us.
Couple of reasons the rear axle might have been replaced: Axle seals and/or spider gears. Both known problem spots.
Most of the LE trucks in that year did come with leather. If it's got factory wheels, they should be 6 spoke. 5 spokes belong to the SE models, and steelies belong to the XEs. If it's got an emblem on the rear tailgate that just says "5.6", it's an XE. If it's still badged on the tailgate it should say "5.6 LE".
Pics or a link would help us.