I am converting my boat from an I/O to outboard. The boat needs 200hp or more. I have found a few 225hp Hondas and Yamahas for $7-$10k with variable hours, some are counter rotation motors. These are for sale from the local outboard shops. A new outboard of 200-350 HP can't seem to be bought without having the dealer install them (warranty issue); and then the price is $20-$35K (but you can finance it).
So who out there would gamble and spend $7-$10 (still real money not financiable) on a 500-1000 hour 2003-2006 225hp, and who out there wouldn't and would prefer to spend the big money and get a warranty?
In reality I have money and credit, but I am thinking about taking the gamble because lets be honest it is 1/3 of the cost, and I am fully capable of doing the work to install the motor.
I know that the motors should be capable of 2,000 hours. I'd put on 100 hours a year on this rig (I have 3 other boats).