To keep (and fix) or not to fix our 2003 SR230 Yamaha Jet Boat?

[mtnbike03]

My husband and I bought a 2003 SR230 last winter for $10k. The boat was in great shape with only 215 hours on both engines. We only took it out twice this year for less than an hour. The last time we were out, we got a low oil warning and one engine started acting up. A mechanic said one of the fuel injectors failed, flooding the engine, and the #1 cylinder is shot. He suggested a new SBT engine ($6750 installed) or an MR1 engine from eBay/jetski ($5k).

Things got shady when the mechanic insisted on pulling the engine right away, even though he hadn't received the replacement yet. He told us the replacement engine was "complete" but kept asking for more time and parts from our original engine. After researching, I found out he's a scammer and has ripped off other boat owners. We decided to walk away, but he still charged us $500 to pull the engine.

Now, we're stuck with a boat that has one engine out. We’ve already spent $13k (boat + repairs) and don’t have the funds to buy a new engine. Should we sell it at a loss or keep it and look into a rebuild? I’m not sure if the engine was even really damaged or if we were taken advantage of.

Any advice would be appreciated!

 

[Babin Farms]

I would find someone you can trust to check the engine out and see if it’s bad or not. If not, reinstall it and enjoy the boat. If it is bad, that’s where things get shady. Depending on how much you want to spend you can put a SBT engine in with a warranty, find a used engine to put in, part the boat out to recoup your $$ or just sell it as-is.

 

[Neutron]

Don't know why he pulled the engine without your approval. Did he give you all the parts he took apart