Buying a powerstroke with high miles?

Found a deal on a 97 ford f350 7.3 turbo diesel with an auto trans. 7k dollars, crew cab long bed. He has papers to prove new injectors, new turbo, new steering box, all fluids, bushings, etc. That show approx. 10k dollars in work. He says it shifts hard sometimes. My question is will this transmission last? I do not want to rebuild it. Any tips on buying this truck? Is it a bad investment?

97? Lol

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Define "High Mileage". If this truck has over 200k on it, then it's very possible that the transmission is reaching the end of it's useful life if it's an automatic

" do not want to rebuild "

Hard shifting is a sign that the transmission is on the way out. I had an E4OD in a 1995 Bronco that exhibited hard shifting, I put up with it for a while. I could reset the ECU by disconnecting the battery and it would go back to normal for a few days or a week, but it got to the point where that trick stopped working, and a rebuild was indeed required. Fully expect to spend about $2500 on a rebuild within a year should you buy this truck.

" Is it a bad investment?"

It's a 20 year old truck with presumably a lot of miles. It's reasonable to expect to have fix things on regular basis at this point. Also cars/trucks are rarely good investments as 95% of them lose value over time. Ideally you want an investment to gain value over time.

You don't say how many miles but any 20 year old vehicle has the potential for needing major repair/replacement work on the drivetrain.

Exp. - most of the last 20 years as a Ford parts counterman.