I have a '98 Ford Explorer 4DR XL. Vehicle shown below.
It has about 130,xxx miles on it. I recently had a Ford Tech work on it. This repair is going to cost me about $2,400 (US) give or take a bit. (Front end work, 4 wheel alignment, brakes, E-Brake repair.) I have about another $2,500 is repairs that were noted on during this report. Most of us can realize that is going to be about $5,000 total. The extra repairs consist of passenger window (front right) needs a new regulator, the rear wiper needs to be re-bracketed to the tailgate, something with the Power Steering needs to be fixed, and some senor needs to be serviced because its melting or something like that (check engine light). That said, the truck in its present condition is worth about $3,750 to $4,250. Thus the repairs would be more then the truck is worth.
My delima is, I already paid to have the first bit of work done to it, so I cant get that cash back. Should I have this truck which is very reliable fixed, or should I buy a newer one? Keep in mind, I have no interest in getting a car. If I do end up buying something else it will be a Ford SUV or Truck.