This paper proposes a new goal-oriented (GO) method for reliability analysis of repairable systems with multiple-input and multi-function component (MIMFC). First, a new GO operator combination, which is composed of a new function GO operator and a new auxiliary GO operator, is created to represent MIMFC. The new function GO operator named as Type 22 operator is created to represent MIMFC itself, and the auxiliary GO operator named as Type 15B operator is created to represent multi-condition control signals of MIMFC. Then, GO operation formulas of the new GO operator combination are deduced based on logical relationships among inputs, outputs, and the component itself. The reliability analysis process of the new GO method is formulated. Furthermore, this new GO method is applied for the first time in steady availability analysis and qualitative analysis of the fan drive system of a power-shift steering transmission. Finally, the results obtained by the new GO method are compared with the results of fault tree analysis (FTA) and Monte Carlo simulation (MCS), and the comparison results show that this new GO method is reasonable and advantageous in reliability analysis of repairable systems with MIMFC. Moreover, the analysis process shows that it is more advantageous in the aspect of building system models and conducting reliability analysis. Overall, this paper not only improves the basic theory of the GO method and expands the application of the GO method, but it also provides a new approach for reliability analysis of repairable systems with MIMFC.