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So i purchased my 2004 F150 Lariat 200K Miles about 4 months ago for 5K and I've put another $700 into it. Interior/Leather in great shape, exterior minor scrapes and 2 small dents.
Really bad buy. 1) Didn't do my homework 2) Seller was a real conman
Anyway, it still needs:
Needs Cats
Has Vacuum Leak Code
Runs Lean Code (Replaced all 4 O2 Sensors and MAF sensor)
Has Timing Error Code (Replaced Cam sensors, VCT Solenoids)
Has a knock from 1st to 2nd gear
Seems like when i fix one issue another pops up... I have a solid offer for $3500. Should i call it quits and sell or spend more money fixing it?
My question to you is what kind of budget are you working with here? Did you buy a cheap truck because its all you can swing right now?
I ask because a $5,000 truck is going to need work. To sell it for $3,500 and buy another vehicle in the same $5,000 price range will most likely get you another vehicle needing immediate repairs.
My question to you is what kind of budget are you working with here? Did you buy a cheap truck because its all you can swing right now?
Yes, at the moment my budget is around $5 - $6K
Originally Posted by OverheadCram
I ask because a $5,000 truck is going to need work. To sell it for $3,500 and buy another vehicle in the same $5,000 price range will most likely get you another vehicle needing immediate repairs.
Correct, i accept that but this truck has major issues that i was not aware of. Like i said combination of me not having it inspected and dealing with a seller who lied about everything.
If I were in your position and a truck is not needed, I would take the $3500 and try and find a small car in the $5000 price range. Much better odds of finding a decent car for 5k than a truck.
If a truck is needed I cant quite give you an answer on what id do in your situation without personally inspecting your truck. At least in my market any 1/2 ton or larger pickup in the 5k-6k range is going to have a list of things (not far off from yours) needing repair immediately. One of those situations where youre going to be repairing a truck no matter what so you just have to settle on one and start dumping money into it.
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