Re: OMC outdrive --Major problem?
easiest way to date the boat is to look at the HIN on the hull and on the registration - the last 2 digits of th hull identification number are the year.
Buying a boat in Ontario with no registration is a nightmare, btw.
I am just hoping that a cobra will be able to be linked with the OMC 120 in the boat?
no. can't be done unless you have many thousands of dollars in the budget and want to do a lot of plywood and fiberglass reconstruction of your transom.
Sounds like your entire drive system is junk, but you'll have to look at it to make that call. Intermediate bearings are shot obviously from your wobbling shaft description. The engine has to come out to repair that.
The engine should probably be compression tested, pressure tested for freeze damage, and run on the floor while it's out.
That's what I would do.
And the whole drive should probably be looked through before spending any money.
The floor, stringers and transom of the hull should be inspected while engine is out. Cut some test holes under seating to look at floatation foam.
As far as the drive goes: as with every used boat purchase you'll need to replace a water pump impeller, and You'll have to remove the drive and remove the upper from the lower to replace the impeller, so start with that and see what kind of shape the fluids you drain are in and see what the vertical w/p shaft splines look like.
If the engine checks out, and your intermediate shaft survived and the upper and lower aren't trashed, and you are very handy and have good tools, you could potentially be on the water for as little as $1500 or so.
Keep in mind, when you are all done, that boat, on a nice trailer in excellent running condition has a retail value of around $2000 in the great lakes region.
But at least you will know what you have.