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Old January 2nd, 2011, 04:24 PM   #1
chevyk10
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Default 1992 F150 sell it or fix?

Ok, so I bought a 92 F150 Custom 2wd about 4 months ago and I've put alot of money and time into it, but now I'm debating wheather or not I should keep fixing this thing or dump it and buy something else. I'm worried that if I buy something else for around $1,000 - $1,200 that I'm just gonna have all the same problems anyway, and that would be pointless. So the question is should I keep spending all the money or just sell this thing?

Here's a list of what I've done to it:
New clutch / slave cylinder (5 day project and $250)
Entire tune up (distributer, plugs, wires, ign. coil, ect)
New battery and alternator
Windshield wiper motor (65 bucks!)
Sanded off most of the rust and repainted it (about $100+ of paint)
And lots of little stuff.

Stuff it needs:
$100 Fuel tank and new sending unit (gas gauge doesn't work)
New inner and outer tie rod ends / front end alignment
Shift rail plugs
All new shocks / Front Springs
And as of today new leaf spring shackle mounts (another somewhat big job)
So about another $500+ worth of work.

Last edited by chevyk10; January 4th, 2011 at 11:38 PM.
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Old January 2nd, 2011, 04:38 PM   #2
EERNGER98
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Id say keep it. You know what you have into it, and you know (or have an idea) of what it needs. Unless it feels hopelessly loose, i would think that picking up another $1k-1,200 ride would just be opening a new can of worms.
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Old January 2nd, 2011, 06:21 PM   #3
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Try doing that with $7K truck that is 15 years old with only 40K miles. That was hugest money pit ever.

Thank god it wasn't mine. It friend


This sound you better keep it. Lot trucks like that are worst shape and those crackhead owner think it GOLD. resale on junk trucks double $500 up than it should be. Most it cause by trailer park's people who ruin resale price on used trucks.
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Old January 2nd, 2011, 11:52 PM   #4
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Originally Posted by EERNGER98 View Post
Id say keep it. You know what you have into it, and you know (or have an idea) of what it needs. Unless it feels hopelessly loose, i would think that picking up another $1k-1,200 ride would just be opening a new can of worms.
Yeah I think I'm just gonna keep it. I've been through 8 different trucks just selling them when somethings wrong and buying another piece of shit. This is one of the best beater trucks I've bought so far. Best one I ever bought and should have never sold was a 95 F150 XLT for 700 bucks. It was a steal cause the guy wanted $1,700 for it, but he needed to get rid of it asap. Very nice shape and drove it over 8k miles without replacing anything at all! Gotta love the 302 motors.


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Originally Posted by MilwaukeeF350 View Post
Try doing that with $7K truck that is 15 years old with only 40K miles. That was hugest money pit ever.

Thank god it wasn't mine. It friend


This sound you better keep it. Lot trucks like that are worst shape and those crackhead owner think it GOLD. resale on junk trucks double $500 up than it should be. Most it cause by trailer park's people who ruin resale price on used trucks.

lol yeah see I picked this truck up for 600 bucks, but its really not bad at all for the shape its in. The passenger side of the body has maybe 2 small rust spots, and then of course the drivers side has a little bit of rust taking over, but over all it isn't too bad. I kinda need a 4wd now, but I'll probably just keep it since I know this truck inside and out.
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Old January 2nd, 2011, 11:54 PM   #5
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So can anyone give me instructions on how to replace the shackle? I'm still trying to figure out how to take the old one off since you can't just unbolt it.
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Old January 3rd, 2011, 07:36 AM   #6
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they are not so bad to do. drill off the heads of those rivits, then use a punch to drive them out of the frame. I did both sides rear in 2hrs in the driveway with minimal tools. The bolts going through the spring to the shackel are less than fun. start spraying pb blaster now. the gas tank would be a good repair to fold into this also. the extra room back there would make it easier. I did the rear tank on mine in 1/2hr. in the driveway
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Old January 3rd, 2011, 04:58 PM   #7
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what is the value of the truck? instead of buy another truck, just put the money into this one. say you have 500 bucks a month to put into it, just do that and instead of a car payment, you have the parts and experience to keep this old truck nice and reliable. Think of it as a car payment to make the truck reliable and durable rather than dumping money into it and getting nothing in return.
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Old January 3rd, 2011, 11:36 PM   #8
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Originally Posted by eagle-eye View Post
what is the value of the truck? instead of buy another truck, just put the money into this one. say you have 500 bucks a month to put into it, just do that and instead of a car payment, you have the parts and experience to keep this old truck nice and reliable. Think of it as a car payment to make the truck reliable and durable rather than dumping money into it and getting nothing in return.
Yeah I've never thought about it that way, but that's definetly a good way to think about it. Well I bought the truck for $600, and I really got a great deal on it. Its got a straight 6 with 164k miles and it runs absolutely perfect like its a brand new engine. The outer body is good with minimal rust, but the under side is rusting out. I wanna pull the bed off this summer so I can sand everything down and spray some bed linder / undercoat on everything. I'd say its worth $800 resale value, but that would just be taking a huge loss for the work I've put into it.

Here's a few pics. The first 3 were just after I bought the truck and was putting the new clutch in. (This was before I did the body work and paint) The last 2 are current. Passenger side is good but I gotta wait til spring to start the body / paint work on the drivers side.

Last edited by chevyk10; May 25th, 2011 at 10:38 AM.
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Old January 4th, 2011, 12:41 PM   #9
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definatly keep it. no matter what you'll never get $ back from what you put into any truck. prices are so low on truck resales now it's not worth selling. many trucks that would go for over $5k a few years ago are going for $3k. the straight 6 is a great engine, will run forever, and you can pick up a solid regular cab pretty cheap when your's gets to bad. replacing bed is easy too. is still regret selling my 79 extended cab, was going to need trans rebuilt, but could have done that for money I put into my last truck.
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