I'm looking for some advice. I have an '87 4Runner that died in Feb. of this year. I recently towed it to my mechanic (great guy, long time friend) and he said that the engine has lost compression in two cylinders and we're looking at a rebuild. The tranny also needs to be rebuilt due to a long-time problem of it popping out of first gear. To do a rebuild w/all new parts for the engine and the tranny rebuild, both with guys my mechanic knows very well, will put me in the hole about $4000.00. I am desperately trying to justify spending this amount of money on a truck this old but am not sure if it's worth it. I can see it becoming a money pit because once all the mechanical stuff is done, I'm gonna want to do some body and suspension work, then where does it end? I recently inherited a car that I use for my daily driver, so the truck is meant to be for fun and offroading now.
What do you all think: do I do the rebuild and keep if for many years to come, or am I better off getting rid of it for cheap as it is right now or selling it for parts? Just looking to see what some of you would do if you were in the same situation. Thanks for any thoughts on the matter.
What do you all think: do I do the rebuild and keep if for many years to come, or am I better off getting rid of it for cheap as it is right now or selling it for parts? Just looking to see what some of you would do if you were in the same situation. Thanks for any thoughts on the matter.