General Ford Ranger Discussion General discussion of the Ford Ranger that does not fit in any other sub-forum.

New Ranger or old one?

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Old Jan 10, 2022
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CLo
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From: Los Angeles, CA
New Ranger or old one?

Hey guys. First time here. I need some help with making a decision.

I’m trying to decide between purchasing a 2003 Ranger with 55k miles from a close friend who would sell it to me for a really good price, or going with a new Ranger which are seemingly really pricey.
I have a paid off 2017 Honda Accord with 34k miles that I love, but for the work I’m doing I could really use a truck. I am a sports/baseball coach with a bunch of equipment that I could keep in the bed of the truck with a cover on it.
I could probably get over $20k for my Accord which I could:
a) use to buy the 2003 Ranger and do whatever maintenance/upgrades it needs with the left over cash or
b) use toward the down payment of a new Ranger

My predicament is that I really don’t want to have a monthly payment since my car is already paid off, but I’m a little hesitant about buying a 19 year old truck and fearing it might be a money pit. The truck is well maintained and runs well, but it’s still 19 years old.

Thanks for any guidance you can provide!
 
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