Well, things have gone from bad to worse on my boat. My ICW
trip is officially cancelled while I figure out what to do about my engine
The Atomic 4 techs came down today and ran some more diagnostics, and it doesn't look good. Apparently the valves on cylinders 3 and 4 are completely rusted, such that they don't fully shut - hence the exhaust
backflow into the carborator and cabin
. Their opinion is that they rusted out because of water
leakage from the exhaust
system. So at least the valves and the exhaust system will have to be remade. As if that weren't enough, they did a wet compression
check that points to probable issues with the piston rings.
I'm getting official quotes from them, but it looks like there are a couple options here:
1) Do the valve and exhaust work for about $2.5k and about 2-3 days. I'll still probably have to get the pistons and cylinders fixed later.
2) Basically pulling the engine
and doing a complete overhaul
for about $6-7k and about 2-3 weeks. This would take care of all the issues and leave me with an engine in a known state.
3) Pull the engine and re-power to a diesel
for something like $10-12k and however long that takes. This costs more, but would leave me with a brand new engine.
Whatever of those options I do, I'd have them replace and upgrade my engine indicators, since several of them are broken.
And then of course there's the final option.
4) Put Icefire up for sale
and take whatever I can get for her.
Option 4 is my least favorite one, but considering that I don't have enough petty cash lying around for option 1), let alone the others (Dad has offered to help with the costs, but I'm not sure how much he'll be able to do), it's looking like that might be how I have to go. Of course, the question then becomes how much could I really expect to get? I paid $17k for her back in 2006.....in her current
condition we're talking.....what....$5k? $6k? That's quite a hit to take, but then again my previous expenditures are sunk costs and have no bearing on what I do now. Still, if I did sell her, I could take the proceeds and the money
I'm currently spending on insurance
and put it into an account, along with any rent I could get from renting
out my mooring
in Charleston, and in a few years time (when the kiddies are bigger and Mommy's able to enjoy the boat more without worrying about them incessantly) I could use those funds to get another boat.
What really sucks is that I plopped down about $2k in safety gear
in preparation for this aborted journey. Oh well, at least I just finished paying off the boat loan, so I can simply take any offer I get.
Oh, btw, I don't have any good place to keep the boat up here in Annapolis
, short of just tying her to a Navy mooring
buoy in one of the creeks.
Overall, it's a totally crappy situation.
What would you guys do in my place?