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Make it run. Then decide. My mechanic gets 85.00/Hr. He does "lotsa" watterpumpers here in the Louisville area. He charges 4 hours to change pump/ belts check rollers & seals. Now...if it's leakin' oil & gotta replace Garlock seals on the balance shafts..more labor cost.
Good luck with any decision you make.
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Edgar
1984 Porsche 944 bone stock
1995 Mercedes E320 wagon
1970 Honda CB350 mint!!!
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