What's the plan?
Why would I even consider rebuilding a writeoff? Probably because I'm cheap, but there are other reasons why this may be feasible.
Ford is not building any more Rangers.
In fact, the regular cab SWB version was discontinued earlier.
If you want one, (say, a 2003 stepside), you will have to look to the used market. Kelly blue book value is $3500 to $4500, but you will find asking prices up around $6500 or more.
This particular Ranger also has the benefit of low mileage.
There is something about a regular cab, short box stepside pickup that is undeniably desirable. When this one came up, I had to put caution aside and bid on the salvage tender without a personal examination of the vehicle. I'd like to say, "Don't try this at home, I'm a trained professional", but that would be a lie. Still, it's important to know what you are getting into and if I can offer any advice, don't risk the mortgage payment on something like this. In my case, I spent less than $1000 to acquire this truck and worst case scenario would be parting it out which likely would recover the initial investment. I also have the time and space to do this as well as the tools and skills necessary.
The estimate sheet shows almost $10K damages on this truck. You may think that would put repairs out of the question, but I know I can access used parts for a much more reasonable cost. In fact, I'm going to try to keep my investment under $2K including initial purchase, but excluding my time. Of course, this does not mean that I will cut corners. Repairs must be done safely and the vehicle must pass inspection in order to place it back on the road.
My timing in taking on this project is a little absurd. I'm beginning to make a move halfway across the country and there likely will be a few weeks before I am able to start working on this. In the mean time, I will be collecting parts.