Are trucks for sale under $500 likely to have serious problems?

Some older trucks in fair condition are valued at approximately $500; although trucks sold in this price range are rare, buyers might be able to find a truck that drives well. However, older trucks often have problems that are expensive to repair.

Many older trucks with original engines have trouble with leaking oil, which can cause damage to the engine and require drivers to constantly add new oil. Perhaps the biggest problem with older trucks is rust, which can threaten the integrity of the truck's body. Because trucks are so heavy, they're hard on transmissions, so it's worth checking the truck to see if its transmission works smoothly before purchasing it.