I have a 1995 Fourwiins 220 Horizon with v8 5.8L EFI, cobra (ford motor).
Engine: 58FAPHUE
Drive unit: 3868156
Transom: 3868175
I was boating a few weeks ago and heard a loud grinding from the drive unit. Finally got someone to look at it and this is the list of items he said was needed:
1) They need a transom kit
2) Gimble bearing
3) Upper and lower gears
4) Shaft
5) Gaskets
6) Could be more when we get into it
Work and parts was going to be $2K to $3K. Good price?
*He is having issues tracking down a transom kit, any options you know? Do I need the full kit?
He then went on to say that the motor was not looking good and the compression was off on some of the cylinders.
Motor
- Cylinder head 1 - 85 lbs
- Cylinder head 2 - 90 lbs
- Cylinder head 3 - 95 lbs
- Cylinder heads 4-8 ~110 lbs
I have used this company in the past
http://www.sandjengines.com*I believe this is a standard rotation? ~$1,983 for a core swap
**Not included: air cleaner, ignition, valve covers, timing cover, intake manifold and oil pan
My guess is that we are looking at $8K to $9K to get the boat fully functional. We paid $7,800 two years ago. We like the boat a lot and the size is great with two small kiddo's. We normally just take it boat camping with limited pulling. More of a cruiser boat for us to hang out on. We live in Colorado and take it up to the mountains and camp on Granby Reservoir.
Options
1) Do we put the $2-$3K into fixing the drive unit and then drive it for the rest of the summer.
a. We could do the motor swap out over the winter when it's cheaper to get it worked on.
b. Any further damage it could cause if I do this?
2) Do we put money into the boat and use it for several years to come until we are ready to upgrade to something newer and have more money.
a. New motor, newer upper and lower units, new transon, etc.
3) Do we walk away from the boat and buy something newer?
a. We do not want a loan payment so we are limited to the $10K mark - could be more issues like this on another boat at this price
Votes on which option and any feedback would be great.
Thanks,
Kyle