2001 Ford F150 V8 Two Wheel Drive Automatic 186000 miles
Bought for $2500 w/ck engine light & ABS light on. Emission repairs, tune up, oil change totaled $875. Bad vibration at 70 mph--say it needs new u-jt, and something with tie rods & steering. Want another $500 to fix. Total investment so far, $3400. Still to come, $500 for today and $700-800 to repair ABS motor. Truck is in immaculate cond, w/cap, liner, tow pkg. Worth the additional $1300 needed for repairs or should I cut my losses now?
Honestly, if the trucks body is in as good a shape as you stated. And since you went and purchased the vehicle knowing it needed repairs and not knowing the exact cost or repairs. I would say if you had to put another $2,500 into for repairs for a total of $5k then you would have a good truck and probably get another 4 - 5 years or more out of it. It in my opinion is worth the $1,300 more that you will need to put into it.
One suggestion on the ABS Motor, check out your local salvage yard or online for a used one. Would cut the expense.