I'd say the 2nd gen Montero is a valid suggestion. I'd almost say that a 4th gen 4Runner would be a more apt comparison to the 3rd gen Montero, of course, the $5000 budget is more or less out the window at that point.
I think even finding a GOOD third gen Montero will be a challenge for $5000. What you will mostly see, even in the higher price echelons are the trucks that immediately need valve cover gaskets and cam plugs, have chattering torque converters, or have really rough interiors/exteriors. Bear in mind the higher mileage monteros may very well need control arm bushings, another expensive item from what I understand (separate bushings not offered by Mitsu?)
$5k will likewise probably buy you an older (96-98) 4Runner in okay/decent shape, or a 99-02 in rougher shape. The Toyota tax is in full effect unfortunately, and many people totaly neglect these trucks under the guise of "it's a Toyota, I never have to fix anything!!" When I bought my cosmetically and rust-wise immaculate '96 with 99k miles, I immediately had to replace worn shocks, warped front brakes, oil-soaked rear brake shoes and the axle seals from whence the oil came, t-belt, plugs+wires, fan clutch, muffler.
I think the earlier 96-ish unibody Pathfinders might be a good choice, the simpler VG33 engine is a bit of a slug but a rugged workhorse. Buying an older pathfinder that is rust free would leave you a nice cushion to catch up on maintenance. Or an older WD21 body, there are some rust-free diamonds in the rough to be found. Stupendously sturdy vehicles, I like them a lot.
I'd add Xterras and Troopers/Rodeos and Montero Sports to your list, they are all more budget friendly options IMO.
With whatever option you choose, I'd set aside about $1500-2000 in funds just to catch the vehicles up on preventative maintenance and any other fixes they may need. These were expensive and relatively complex vehicles with a lot of hardware when new, and all of that needs to be kept up on
I think even finding a GOOD third gen Montero will be a challenge for $5000. What you will mostly see, even in the higher price echelons are the trucks that immediately need valve cover gaskets and cam plugs, have chattering torque converters, or have really rough interiors/exteriors. Bear in mind the higher mileage monteros may very well need control arm bushings, another expensive item from what I understand (separate bushings not offered by Mitsu?)
$5k will likewise probably buy you an older (96-98) 4Runner in okay/decent shape, or a 99-02 in rougher shape. The Toyota tax is in full effect unfortunately, and many people totaly neglect these trucks under the guise of "it's a Toyota, I never have to fix anything!!" When I bought my cosmetically and rust-wise immaculate '96 with 99k miles, I immediately had to replace worn shocks, warped front brakes, oil-soaked rear brake shoes and the axle seals from whence the oil came, t-belt, plugs+wires, fan clutch, muffler.
I think the earlier 96-ish unibody Pathfinders might be a good choice, the simpler VG33 engine is a bit of a slug but a rugged workhorse. Buying an older pathfinder that is rust free would leave you a nice cushion to catch up on maintenance. Or an older WD21 body, there are some rust-free diamonds in the rough to be found. Stupendously sturdy vehicles, I like them a lot.
I'd add Xterras and Troopers/Rodeos and Montero Sports to your list, they are all more budget friendly options IMO.
With whatever option you choose, I'd set aside about $1500-2000 in funds just to catch the vehicles up on preventative maintenance and any other fixes they may need. These were expensive and relatively complex vehicles with a lot of hardware when new, and all of that needs to be kept up on