F150 project - flip it or daily?
New to the forum today - Hello!
As of Friday the 23rd I will be picking up a 2003 Supercrew with a 2 valve 5.4. I was just curious to hear some musings and suggestions.
The engine has been ran dry, bone dry. Checked the dipstick, nothing. I've pulled the plug and had less than a liter drain from the pan. Can't move the crank with a 3 foot breaker bar. Oh yeah, it had 268,000 when it was towed in. I was thinking about a used motor, average price I was quoted was around $2200. I'm getting the truck for $1000. My price from Ford for a longblock was around $4000. I'm not sure if that includes I/E manifolds or not, but regardless, this is the choice I've gone with. (3yr/60,000k doesn't hurt either)
I've never done an engine swap before, definitely looking forward to it, but what to do after it's all said and done? Just from a glance at the dipstick the tranny fluid looks great, don't have an idea how it shifts yet. It's got new-ish tires, Pirelli scorpions, about 11/32 all around. Pads and rotors are looking a little worn, may need front end work. All and all I think I could have a nearly new truck for around $6000. I've seen them listed for around 10k, and have had a friend at the bank search it on black book. I asked her to put in half the mileage (130k) and it came back listed at $15,000!
For the right price I would sell it in a heartbeat, but also wouldn't mind keeping it, the body looks great. I just wanted to see what a few people with a different opinions had to say, and also want to hear if anyone has any tips or tricks to help me with the swap. Any feedback is greatly appreciated!