Greetings.
For a while now I've been reading these forums with this nagging question in the back of my head. I have a 96 Cherokee Sport 4.0L HO 4x4 auto with about 202K on it. All original everything besides regular maintenance and a thrice replaced water pump. It's been incredibly reliable for an older vehicle (not a single break down) but its getting to the point where Im going to have to put some money into it soon. The suspension needs to be replaced, the engine needs at least a good tune up, and the transmission is feeling old. There's nothing horribly wrong with the engine, it just feels like many horses have escaped (compression maybe? I dont know what Im talking about). I could also use an alignment and eventually new tires. Im assuming all this work will cost me $3000+ (uneducated guess). Im wondering if its worth it to spend the money when it's probably only worth $4000 in private sale (if even?).
Im hoping some of you have gone through similar experiences and would share some insight.
Some background... The Jeep is my only vehicle. It's mostly used for groceries/misc transportation (during the winter) as I walk to work. In the summer I do a lot of camping/hiking/fishing and light off-roading (no rock crawling or anything). The stock suspension was enough to survive the trails, but I was usually wishing for more.
The choice Im trying to make is between Fixing my Jeep or trading it in for a new Wrangler 4dr.
FixingPros+No car payments
+Everything else on the Jeep is still working fine (fingers crossed)
+No insurance increase
+When I move to a house, I'll be able to keep the Jeep as a second vehicle
Cons-Could possibly cost as much as the Jeep is worth
-Who knows what will break next
BuyingPros+New Vehicle
+Wouldn't have to worry about troubles for a while (hopefully)
+There are good deals to be had these days
Cons-Car Payments
-Insurance increase
-It's still an older vehicle
-Do I
really need the Rubicon??
Please let me know your thoughts, or if you think my $3000 estimate is way off.