Should I get a newer truck?
I have a standard 4x4 86 Ford ranger. It has a 2.9l v6 with 350,000 miles on it and 4 speed auto. It is starting to have issues and needs new tires. For me to fix it I would cost about 1,000 in parts and another 1,000 for tires. I'm wondering if it's time to get a new truck or just try to fix this one.
With that kind of mileage, if you can afford it, get a new truck. That truck has served you well and been very loyal to you. Make sure you say goodbye to it nicely.😉
$2000 (and I think your tire budget is about $200-400 overestimated). So let's say $1600 or 2 to 3 new truck payments or about $4k to 6k in payments a year. PLUS much higher auto insurance and taxes if your area taxes such things.
What kind of issues be more specific? If you shop around for new tires then you should be able to find some under $500. Know if the truck is starting to have engine or transmission issues then it could be a good time to start looking for the new truck but if the engine runs smooth and transmission runs smooth then you should still fix it up.
It is 2019. It is time for a newer vehicle. Life is too short to spend time driving clunkers.
I always drive my cars until they are completely dead. My 2002 Mazda MPV, for example, had a bad engine and I continued to drive it until 2015 when it overheated and broke down and it hasn't run since. I still have it.
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