Found out today from the boat marine shop that my I/O is pretty much a
write-off. My 3 options appear to be:
a) risking to go with a rebuilt engine (still an expensive solution);
b) buy a new engine (with the same Bayliner hull);
c) sell the boat (at a substantial lost if engine not working) and buy
another new or used boat.

I have a 1990 18' Bayliner Capri with a 2.3L OMC Cobra. Would be
looking at about the same size boat (if I choose to replace).

IF (and that is a big IF) I was to consider purchasing a brand new 2005
boat, I need to know if boats tend to maintain their value better than
cars (I often hear that when you drive a new car off the lot it is
worth only 3/4 of what one paid for it!).

Andre