On a pvt sale..........having everything working is a plus for the new buyer.....afterall, he is looking for a "deal"......and we are talking about a vehicle that is 13 yrs old......I would catogorize it as "cheap, transportation"......can't say reliable cause it's "broken,"....the broken 4x4 tells the next guy that you didn't "care" for it. May not be true......but, the next guy is buying from you......not an anounymous Used Car Lot.
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My theory is that vehicles go through an economic life.....when new, some rich person buys it and uses it......after a few years, the rich guy get tired of it and trades it in for another new vehicle.
The car hits the Used Car Lot......it's sold to a guy looking for a depriciated, low mileage, good looking vehicle that might be a second car or a daily driver......that guy knows that he'll USE the vehicle until it is no longer appealing, either the repairs get large or the mileage gets too much.....and he figures he'll sell it before something large breaks........so, he'll try to sell it as, "reliable, transportation."
Now, to the next guy.....he wants to spend very little, yet get a fully functioning vehicle......he really doesn't want another problem or someone elses problem.......thus, "a good deal at an excellent price," is really what motivates him.
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So, fix what is wrong......or go for a lower price. Also, prices are regional........so if 4x4s are big in your area.......it may be worth it to fix it. Or use it as a trade in.........you know how much the car lot will give you for it..............and there is NO emotion.
Aloha, Mark