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post #1 of (permalink) Old 07-15-2003, 07:56 PM Thread Starter
 
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How to Spend Engine Fire Insurance Check?

The proverbial check is in the mail. I will get just over $2600 to repair my Scrambler and she will NOT have a salvage or rebuildable title! Overall, I am very happy with the outcome; I might even go as far as saying it is a fair deal.


I definitely need a new: dizzy, plug wires, air filter, various wires and hoses. I also need a new hood with paint. Potentially I need a new valve cover. I have have to pull the engine to clean up the mess and replace a roasted engine mount. So, after fixing these essentials I will have roughly $2000 left over.

I have had the worst luck with this engine (see my many previous post regarding engine knocks and oil consumption). Finally, after two years of hassles and over $2000 invested, she is running right. The only problem is excessive oil consumption. According to most people on this board, this is most likely due a seating problem because the bore was not honed before the re-ring job.

This engine was completely rebuilt 10k miles ago. 8k miles ago she was treated to new bearings and rings (this was when the cylinders were not honed). Less than 1k miles ago I put in another crank, bearing set, harmonic balancer, and #1 rod. Performance wise, I have a Crane RV cam in the engine and a Holley 350 cfm 2 barrel on a stock intake/exhaust set up. This is my daily driver that averages 10k miles per year.

So, should I:

1.) ditch this headache of an engine and start all over with another 258 (I have access to several free blocks)?

2.) just hone the cylinders and re-ring?

3.) add a header and aftermarket intake with the money I will save by not starting all over

4.) swap in a 4.0L fuel injected engine (will this engine bolt up directly to a TF904 auto?)

5.) do the 4.0L head swap?

The budget is firm at $1500-2000 but I have all the time in the world to complete this project. Thanks!
[img]images/graemlins/confused.gif[/img]
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post #2 of (permalink) Old 07-15-2003, 08:28 PM
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Re: How to Spend Engine Fire Insurance Check?

Donate the money to a good cause, like the 'Build Tippy's Jeep Fund'!! [img]images/graemlins/grin.gif[/img]

If you can get the fuel injection done for under 2K, go for it, you'll never regret it.
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post #3 of (permalink) Old 07-15-2003, 09:03 PM
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Re: How to Spend Engine Fire Insurance Check?

I've noticed that these polls for "What should I do with my windfall" have never included;

1. Put it in the bank
2. Invest in the stock market
3. Buy mutual funds

If you NEED to spend it, that's one thing, but without telling you what to do, let me just say that I bought $625 worth of Mexican Telephone (tfony) in 1983. I still own it and it's worth $23,000 today. No, that's not a misplaced comma, 23 thousand dollars. Two years ago I bought 2500 shares of Columbus McKinnon (cmco) at $7/share, sold it a year and a couple days later at $11.90 to $12.75/share.

Don't get me wrong, THERE ARE NO GUARANTEES!!! I bought the (cmco) back at $7/ share and used the profit (plus just a bit more) to buy 1000 shares of Ford at $15.15/share, that hasn't worked out real well. Even that Mexican Telephone that I'm so proud of dropped of the board after that earthquake that nobody remembers.

At least the list didn't include;
4. Spend it on lottery tickets
5. Take it to the casino and hope to win a big jackpot
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post #4 of (permalink) Old 07-15-2003, 09:34 PM Thread Starter
 
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Re: How to Spend Engine Fire Insurance Check?

I would invest but then I wouldn't have a vehicle to drive. I am not spending the $ for the fun of it but rather to get my Scrambler back on the road.

P.S. I put a big chunk of money in the market after 9/11 when the market was really low. Well, as you know, the market got even lower and I just made my first gains this past quarter but am still well into the RED. So, no more market for me for awhile.
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post #5 of (permalink) Old 07-15-2003, 09:47 PM
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Re: How to Spend Engine Fire Insurance Check?

1. Tithing...
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post #6 of (permalink) Old 07-15-2003, 09:50 PM
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Re: How to Spend Engine Fire Insurance Check?

I hope you didn't buy airline stock. I don't know which has hurt them more, 9/11, the pre-boarding strip searches or the surly flight attendants.
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post #7 of (permalink) Old 07-15-2003, 10:18 PM
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Re: How to Spend Engine Fire Insurance Check?

v-8
post #8 of (permalink) Old 07-16-2003, 12:29 AM
 
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Re: How to Spend Engine Fire Insurance Check?

I would go with a I 6 fuelie if you can swing it .
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