Bought a Ranger - huge mistake?
I just bought a new-to-me 2000 Ranger with about 100k miles. It has a 3.0 with an auto trans. I bought it from one of my wife's friends as a favor, with the CIL on. Asking them to buy it back isn't really an option.
It wouldn't pass emissions (misfire), so I took it to a local shop. They tell me that the misfire is probably due to a bad/broke valve seat. They tell me worst case is a new cylinder head (to the tune of $1600), but won't know until the head is off. If a new head is needed, they suggest doing both (don't have a total for that yet).
Flush all fluids (all are dirty) brake, coolant, front diff, transmission (its an auto), power steering. PCV valve, fuel filter. The coolant has rust in it, so I assume it needs a new water pump too. I don't know how much rust is in there, but they suggested that the heater core and/or radiator may be partially blocked.
What's the likelihood that the engine is damaged from lack of maintenance? Will the truck just turn into a money pit, or can I do the things it needs and get a decade out of it? Do I do the minimum to get it running OK and trade it in? I'm at a total loss here.
Last edited by bogon; 08-22-2013 at 05:49 PM.