That's the idea! I hear you can get the 242 rebuild for less than 2 grand.
Nice purchase, she's a sharp lookin' Jeep! Your 4.0 should last years, single greatest motor ever built for offload and maybe one of the best ever (along with the 5.7 chevy) pure workhorse happy to idle along all day, more than enough oomph for climbing mountain trails even in 12,000 plus feet in Colorado, Unless you're plowing through midwest mudbugs only then a V8 is overkill, the I6 she idles smooth as silk, can run on peanut butter and molasses and doesn't require fancy pants gas...got 87 octane! The torque curve is pretty flat which is what makes it so great, very usable torque all down in the off idle to 3000 rpm range , nothing stupid like "peak torque at 4500 rpm"
There's many reports of over
300,000 or more miles. Oh yeah also no stupid ass variable valve timing or anything either, simple good old fashioned timing without even a tensioner on the chain....old school. It was a dinasour even in the 90's but damn I love my 04.
One thing to be cautious of though is the 2001 year, actually about 2000-2003. I'm pretty sure it was the same in Wranglers but in GC's the 4.0 in those years had some issues with heads cracking (nothing to be scared of just be cautious of not overheating it too much), it was resolved in mid year 03' The new heads were cast in a different plant and
can be id'd by the letters TUPY, better known as the TUPY head. You can tell by removing the oil filler cap and looking directly down between the rockers with a light. Also some folks report piston skirts exploding but I think that's more urban legend or people being idiots driving before the engine warms up. Many I6's of the later years TJ's and WJ's (the distributor less engines) have a lifter noise on cold starts (some say it's piston slap, IDK) anyway nothing to worry as long as it goes away in a minute or two, mines done it since i bouht it 5 years ago.
Noise in Jeeps....It's a Jeep thing!
J.......Just
E......empty
E......every
P......pocket
Anyway congrats and once again Nice looking Jeep!