I bought this truck new in 99 and have put 105,000 miles on it. Dependability has been outstanding, fit and finish has maintained extremely well for a daily driver. The suspension, and pretty much all the mechanicals are showing almost NO signs of wear. The only things that I have ever had to replace on it is a brake rotor, the manifold pressure sensor, 1 set of plugs and wires and normal wear items like brake pads, wiper blades, and 1 fan belt. That's it! If this truck ever wears out I will replace it with another Ranger, no doubt.
My favorite feature of this truck has to be the dependability. Next would be the fact that it is built with the same strength as its big brothers from Ford. It is one SOLID truck.
The 3.0 was not in any way a powerful enough engine for this truck. The platform on which this truck is built on is more than capable of utilizing the 4.6 v-8 or even better a Powerstroke with two cylinders shaved off. Progressive rate springs to soften the ride a bit and bigger brakes would be great