well...truth-be-known....
...I too own a 95 XLT 4x4 and the engine is the LAST thing that will blow. It is definately the best part of the vehicle and if Ford figures out how to build the rest of the Explorer like it does the 4.0 v-6, they'll rule the SUV world, but that has yet to happen!
I also own a 91 Ranger that has gone 175,000 miles and the engine is solid as a rock. (it has a 5-spd manual which is a little more reliable)
On the Explorer, the two things I have come up against that are serious design flaws that Ford has never fixed on the Explorer design...no matter what model/year you have - the awful automatic transmission and the front-end that refuses to stay aligned.
You are looking at a 94, which has the lovely twin I-beam front-end. I have this set-up on a 91 Ranger and for the 10 years I have owned it, it is not the easiset thing to keep aligned.
The front-end was changed in 95, but our 95 still has the annoying habit of alignment troubles and chops tires on the inside of the tread in the same pattern. The passneger side will do this worse than the driver's side.
I have known several Explorer owners that have had complete tranny rebuilds costing anywhere from 1800-2500 dollars with 100k miles or less on their vehicles. Mine went 112k before the imfamous OD/OFF light began blinking...thats when the fun starts. The Explorer automatic OD tranny is an all electronic beast that runs way too hot and is super complicated with it's tons of sensors and seals that leak from all ends. It will cause endless troubles for you and is best to be avoided.
I hate to say this, but unless you're getting some kind of screaming deal on it or you just LOVE the Explorer desing, I'd seriously consider looking at some other SUV or truck.
I have friends that drive 4-Runners and Pathfinders that have gone well over 100k miles and have not had half the troubles I have had with the Explorer. My buddie's 96 Pathfinder has almost 100k miles and he has never had it aligned! My Explorer would have ate through the rims by now, if I had never aligned it until 100k miles.
Also, take a look at resale values...the 4-Runner and Pathfinder are MUCH better in that area too. The media did such a hatchet job on the Explorer roll-over/Firestone fiasco that it will never have any resale value and is pretty much the new Edsel.
This has been my expereince...I still own the Explorer and Ranger and have worked on them extensively...I will not be buying another Explorer or Ranger again.
The Ranger will be replaced by a Tacoma after Christmas and the Explorer will be replaced by a Pathfinder or 4-Runner sometime in the next 2 years.
-SA