My friend is offering his 2004 Silverado for $500. It's got some issues obviously, but it runs well. Issues: 220K+ miles, tiny transmission leak, but not enough to cause puddles, radiator fluid leaks, a/c issues, gauges on dash don't work, small crack in windshield, back driver's window doesn't open, tailgate doesn't lock properly, some minor dents. I live in a somewhat urban area, so I don't really need the truck, but I hope to own a home again in about a year, so it would be useful then. I've seen these trucks in similar condition selling for $4k-$6K. Is it worth getting for $500 with its issues? I don't mind the issues it has except the gauges and the leaks, but other than that I wouldn't put much more money into it. I would just drive it until it gives out. So is it worth keeping around and driving it now and then until I can really use it? Or is it just going to be a nuisance?

 

What is the body like? Is it all dented up and rusted out? Anyway it is worth 500 in parts, so if you have somewhere to keep it, then get it.

 

Just a heads up, the waterpump is easier to change, than it was on the old 350s.
So if the coolant leak is on the front passenger side of the engine, down low, it may be
an easy fix.

As to whether to buy it or not, that's your judgement call, although I would advise that
it will nickle and dime you, if you do. Under the major assumption it was reasonably
maintained, and not driven too hard.

 

Some detailed pix would help

 

for the most part $500 is a steal. You cant find running trucks for that price.

 

It all comes down to how many things need fixing, how many miles it has done and much your are prepared to spend on it. Remember that these beasts were designed to, and do, run almost forever. I bought mine with 280,000Km on it, have travelled around 50,000Km since then over 2 years, mostly towing a 5 tonne 5th wheel, with no major problems (but heaps of minor ones). The little ones keep the service guys in drinks and me out of pocket, but I still love the dammed thing..