MN12 Questions..
Reply #1 –
You should ask the owner if the head gaskets have ever been replaced. At 145k miles I'd be leary if they weren't. Make sure the odometer is still rolling over. They are really bad to quit on those. If it hasn't had any front end work done yet then you'll probably be rebuilding the whole front suspension pretty soon.
If it were me I would hold out for a 5.0 or 4.6 since the MN-12s are so heavy. The V8s don't really get any worse gas mileage than the 3.8s.