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In 2002 Ford Rangers, it is recommended to use Mercon V power steering fluid, which replaced the previous recommendation for regular Mercon fluid. The vehicle requires about two quarts of this fluid, which is a hydraulic fluid that helps with steering by making it easier to turn the wheels. It is advisable to flush and replace the power steering fluid every 45,000 miles. The price of the fluid ranges from $6 to $15 per quart, depending on the seller. If you take your vehicle to a mechanic for a fluid change, the labor costs can range from $80 to $90.
The recommended power steering fluid for the 2002 Ford Ranger is ATF+4 fluid.