I have a 1988 F-150. It seems to run ok, but the CHECK ENGINE light is on. There is a commercial on tv that says "Once your Check Engine light comes on, it's too late". And they also say that a repair for a Check Engine light will cost around $5000. I wish I had known this before I bought this truck, because that light was on when I bought the truck. It ran well, so I did not think there was anything to worry about.
I paid $1200 for the truck, hoping it would last me 5 years so so. I did have to get the front brakes fixed, which cost another $380. So I have $1580 invested in this truck. I am not going to spend another $5000 to fix an old truck worth around $1500.
What should I do? Should I just keep driving it until it quits running, or should I just drive it to a junk yard? I phoned a local junk yard, and they told me that they will pay about $150 if I drive it in, but if they have to tow it in, they dont pay anything.
What should I do? How long will it run with that Check Engine light on, before it quits running completely?