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Advice re: engine replacement 700 1987

Hi all,

I've got a 760 Turbo that seems to be approaching its last leg at 220k miles.

It runs okay, but yesterday, when I checked the oil while getting gas, the oil was thin and frothy—water in the oil, which means either a cracked head or a blown head gasket. Either way, it's not going to be running for much longer.

As I understand it, there's no way to tell which is the problem without taking the engine apart to look, correct?

So my question is this: would it be worth it to source a new engine? This one is leaky and old and requires a bit more work than just replacing a head gasket/head (whichever is required).

I would love to replace the worn parts and put another 200k miles on the engine, but I don't have the time to devote to it, so replacing the engine with a junker seems like the more practical option.

IF replacing the engine with a newer one makes sense to you all, are there any specific years/models that I should look for? Is the 87 auto tranny compatible with later-model (perhaps early 90s?) 4-cylinder turbos?

Thanks for any and all advice.






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