$500 truck with 250,000 miles. Is it worth it?

I was looking at used pick-up trucks online and I found a $500 Ford F250 XL with about 243,000 miles. I love the price of it, but with that amount of miles, is it even worth the buy? There have been no accidents, or recalls or anything. There seems to be a bit of rust, but I don't care much about that. Any suggestions? I d hate to see it stop working after only a few weeks of usage.

Save your money. With that many miles on it everything on it may need to be replaced. It could be a money pit…

If you want to have a mechanic do a complete inspection - as you should with any vehicle you want to buy - then go ahead… The $ 100 or so for the diagnosis can be considered as "cheap insurance" - you will know if the mechanical components are going to last or not

For $500 you can drive it until it quits and then sell it to a junk yard. Around here they pay 4 or 5 hundred dollars for junk cars.

$500 is certainly a good price, assuming it runs. However, with such high mileage you may end up spending much more money just to keep it running. You might get a year or two, or a week or two. So you have to consider the $500 as a bet that you might win, or lose.

For $500, you can't expect too much. The scrap value is almost that high.

For a beater truck the price is decent. If you are comfortable with getting a beater truck, go for it provided an inspection by a mechanic doesn't reveal any major problems. Certain minor old car problems like a bit of oil consumption is tolerable. Even if it does need to be parted out, the used parts on it are still worth something and you should be able to break even by selling parts.

If it runs, its probably worth it.

If you get a month or two out of it, that's all you can hope for.

For $500, accidents, or recalls shouldn't even be on your radar.

Walk away. It will pack up inside 3 months. If it lasts that long.