Here’s the latest reader question, along with my answer:
Don asks: My truck only has 240,000 miles on it and the transmission went out, I love this truck. Do you think it would be smart to put a $5,000 rebuilt transmission in it? I could never replace this truck for $5,000.
My reply: I think you may have answered your own question!
Assuming your ’97 F250 is otherwise sound, I think rebuilding/replacing the transmission makes good sense. Even if you only get three more years of service out of the truck, think how much you’ll have saved vs. making $500 monthly payments for three years. Just one year of $500 payments would be $6,000 – more than the cost of the rebuilt transmission. If the truck serves you for three years, yo’ll have avoided $18k in monthly payments for a net savings of $13k. More than likely, the truck will remain serviceable for many years longer than that.
PS: You might give thought to a good used replacement transmission; this could reduce your costs by several thousand dollars.
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