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depending on what is wrong it will likely be cheaper to pick up a used 2.4 from a junkyard or such place. i picked up one with 30,000 on it for about $800 shipped. Then all you have to do is swap it out, which is pretty easy as long as you have access to a cherry picker.
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2001½ F150 XLT Crew Cab- true dual glasspacks with x-pipe, AEM intake, SCT X3 with VMP custom tunes, full stereo system, HID 55w heads and 35w fogs, 35% tint front and 20% rear, Lightning tail lights
04 F6 Sno Pro Team edition- MBRP race can, ODS clutch kit
01 YZ125- bored out to 144, PnP cylinder and head, Pro Circuit WORKS suspension, many other mods
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Well i know a little about rebuilding motors (atleast SBC). Im thinking it may just need some new rings mabe. the only place i can find stock parts for this thing is gmpartsdirect.com. Well ill have a talk with the wife and see where to go from there, $$$ is a lil tight if it was a 3400 would make things a lil easier lol
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