Along with what Gary sez . . . are the tires/shocks/brakes new? Is the AC cold? Have all the fluids been changed this past year? Does every single electrical item work properly? Are their any water leaks to interior? Sandblasted windshield?
Front end will need no work whatsoever? (Steering is tight, etc).
Under the hood, no greasy wires; some or a lot of the engine-driven accessories have already been replaced (alternator, PSF pump, etc); radiator is only a couple of years old?
Drivers seat not sagging, drivers shoulder belt shows no wear, etc?
This is the kind of list I'd run down. Low mileage doesn't mean too much to me. Time (age) is more important at some point.
Figure on 15-years of use, that means about 2010 or 2011 at oldest.
So, with cost of engine, and any other repairs needed between now and 2010 (not maintenance), will the per year expense -- and time spent out-of-service [rentals, etc] -- be acceptable?
At 75,000 miles OR ten years I figure rubber bushings to have lived their life: anti-roll bars, body-frame, etc.
(Don't forget safety in all this. An SUV of that vintage is not in the same category of roll-over resistant, or as well-equipped with air-bags, stability control, etc as a new one).
Though the mileage is about one-half the national per driver annual average, it may be that it has served you. I hated having to total our 2001 JEEP Cherokee at four-years and 100,000 miles, but the damage from a wreck was too substantial.
I could have done it, but . . . .