I concur. With so many problems or potential problems, I'd be leery purchasing the vehicle. Depending on your state, you may not be allowed to safety/certify the vehicle let alone pass emissions testing until the light is off. Six O2 sensors can be troublesome, as they'll be around $50-65 each depending on the brand you get. Generally, when you replace one, the others will fail soon thereafter - guaranteed.
From the things you've mentioned the current owner is really hesitant to keep the truck in proper working order - so I'd be afraid. If there is a trailer brake on the vehicle, then that means it has towed at least 3500lbs or greater. So be watchful of rear bearing problems if the vehicle has towed heavily. If the transmission oil looks good, then I wouldn't worry too much unless it makes noise when it shifts - then stay away. So yes, I think this vehicle will give you more problems than what you were told. I'm sure if the engine light wasn't on the owner probably wouldn't even have told you about it. Some people scan the vehicle, erase the codes so they stay off for a few days - long enough to sell it! I'd shop around elsewhere.
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Originally Posted by CompSyn
I am an Independent Amsoil Dealer here in the states.
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I am an Independent Amsoil Dealer here in Canada - seven years running. Great stuff! One oil change a year!