I first took possession of my 1994 Ford Ranger XLT on 3/3/04. Overall, the truck has been quite reliable. In the almost 2 years I've had it, I have replaced the starter, idler pulley, fan belt, (broke when pulley seized), and rear leaf spring mounts. It currently has a power steering leak, and needs brakes, that's it. The total amount for all my repairs is about $300 over 2 years; not bad for an 11 year old truck.
The 4 liter V6 and the 5 speed manual transmission provide plenty of pep on the highway, and I really enjoying driving it. The extended cab and bucket seats allow my taller passengers to stretch their legs, while a guy my size can still drive.
The interior of the vehicle could be improved as follows: console between the seats, dual outlet defroster (mine is center output), and more lighter/power outlets. Exterior: tie downs in the bed (if any) are obscured by the bedliner.