Value of Rebuilt Motors

[surftrish]

I just bought a used 1976 16' Arrowglass boat that has a 1983 50hp Johnson o/b on it. I took the boat in to have the motor serviced and found out that it needs a lot of work. There is a mismatched carb. on it and the compression is way off. I was told that it would be more costly to rebuild the engine than to buy another used motor and have it put on. (I'm getting a 2cd opinion on that one).<br />My question is this: i've been researching used motors and have looked up some values in NADA. However, how would I adjust the value for a motor that has been rebuilt? It would presumably be worth more, right? I'd like to get this whole thing resolved for around $1,000. That means either a rebuild on the Johnson or a used o/b for approx. $500 + installation. <br />Any feedback would be appreciated. I've owned a boat before but never one w/ an o/b and never one with "problems".<br />Thanks!

 

[bayman]

Re: Value of Rebuilt Motors

surftrish,<br /><br />Keep in mind that when you look at an older engine's value on NADA the value does not take warranties in mind.<br /><br />So, an engine with a warranty will be a lot higher than what NADA says.<br /><br />Also, a good working engine is of much more worth to the boat owner than what NADA lists as well.<br /><br />When it comes down to it a rebuilt engine is worth a lot more as long as it is backed up by a warranty.<br /><br />- bayman