I always find the "drive used" vs "drive new" discussion/debate relatively interesting, and I'll add my $0.02 just because I've had 3-4 old 1998-2001 Ranger.
I found them to be very reliable, simple, light duty trucks... wheel bearings around 200k, very easy to swap. Auto tranny's not the best, but 5 speed manual was quite good. 3.0l was slow but would run forever. I preferred the 4.0l, however the newer ones (2001+ SOHC) had timing chain (guide?) issues/preventative maintenance. Ball joints are a weakness. Honestly, I feel these trucks have a tremendous value, mostly due to reliability and price point.
What I eventually determined, while driving 20k+/ year, was that it was just a small truck... and a full size is more comfortable, and can tow much easier, while not getting much worse gas mileage... everything's a compromise.
I went to the 99-07 GM 1500 series which has also proven to be an exceptional value compared to buying a new truck.
I think it basically comes down to finding the right vehicle... low/no rust (something I don't worry about much here in the S), low miles and reasonably kept up by previous owners.
I found them to be very reliable, simple, light duty trucks... wheel bearings around 200k, very easy to swap. Auto tranny's not the best, but 5 speed manual was quite good. 3.0l was slow but would run forever. I preferred the 4.0l, however the newer ones (2001+ SOHC) had timing chain (guide?) issues/preventative maintenance. Ball joints are a weakness. Honestly, I feel these trucks have a tremendous value, mostly due to reliability and price point.
What I eventually determined, while driving 20k+/ year, was that it was just a small truck... and a full size is more comfortable, and can tow much easier, while not getting much worse gas mileage... everything's a compromise.
I went to the 99-07 GM 1500 series which has also proven to be an exceptional value compared to buying a new truck.
I think it basically comes down to finding the right vehicle... low/no rust (something I don't worry about much here in the S), low miles and reasonably kept up by previous owners.