I have a 2002 Explorer. So a bit older.
I spent about $3k per year for repairs. I'm currently at 209,877 and the engine runs fine. 4L v6
Repairs were mostly undercarriage/suspension. Which was old and not maintained by previous owner. Guy before that did good. (It's noticable) Transmission was replaced at some point with the good owner, so miles are low for it's age
Repairs are cheaper than loans/leases in the long term. $300 per month for 3 to 5 years should get you a beater that runs decent for several more years. Midwest winters will still do their damage over time though. So YMMV.