2003 F150 xl V6 140k miles: New engine or bail?
I don’t know much about cars and less about trucks. I need a pickup, but only
drive it about 3 times and 75 miles / month. 10 ft bed pref, but I could squeak
by smaller. Just carrying lumber / home and yard stuff.
So I bought a 2003 F150 xl V6 with 140k miles from some guy on Craig’s list
for $3k. It is pretty much ideal for my purposes in every way and has been
working great for a few months until it finally just gave out halfway to Home
Depot. I’ve talk to two mechanics. Both are confident that a head gasket blew
and bearings are messed up and both recommended replacing the engine.
Estimate: Used engine with 135k miles (and 3yr/36k warranty) + labor: $2,500
I asked both mechanics what they would do. They were both on the fence,
but one said he would try to sell it for about $1000 as is and go buy
something else. Other said he would fix it because I won’t find something else
better for less than $2,500.
Looking for advice / opinions. Fix or back to Craig’s list? What would/should I
buy to replace it if?
You will have to consider your financial situation. Personally, I would stay away from any "used" engine. Check out the cost of a remanufactured engine from your local ford dealership. You will have at least three to five year warranty or about 100,000 miles. It will be more than a used engine, for sure. But the cost would probably be around 5K,, no where close to descent used truck. And since you use the truck so infrequently, should last you a very long time.