will a new 4.0 ranger be enough to tow my 4.0 4x4 to the trail?

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ok so tranny cooler, trailer brakes. what if im towing it without a trailer
If you only driving like 7 miles you may just want to drive it. Since its just a trail rig you may want to try and get farm plates if you can them in your state. They usually let you drive like 150 miles with farm plates.
If your only towing 7 miles, you should be ok. (depending on your towing experience) I wouldn't recommend a first time tower go at it. Make sure you give yourself plenty of room to stop.
If you plan on doing this regularly, like these other guys said, trailer brakes are a must, and a bigger tranny cooler wouldn't hurt. (I would recommend a 1/2 ton pickup but you said, you cant afford insurense)
my budget is really tight i make around $13000 a year im still going to school as well i would like to get a f-150 it just needs to have more than 3 seats other than that it can be bone sock