Re: Is my engine locked up
Cost to repair depends solely on extent of damage and shop labor hours charged. I would simply be speculating on the actual condition of your engine and the necessary repairs. I can give you a wide range of prices which will shock and dismay you frankly. A true factory authorized Mercruiser dealer/technician gets $95-$120 per hour shop labor. And the dealer/shop charges full retail (marine) prices on the parts that you could get elsewhere for what the rest of us DIY guys pay. Figure $1,000 to $4,000 to have a "pro" do the work. The $1,000 pays for the removal, diagnosis of damage and re-installation only. The $4,000 should get you a brand new engine installed with Mercruiser warranty.
A typical DIY rebuild will set you back $1,200-$1,800 in over the counter parts and machine shop labor.