Help on 318 purchase - Newbie mechanic questions.

Looking at the motor, its topped with a thermoquad and has a viscous fan, along with what looks like a nice aluminum intake. I'd feel pretty good dropping $200 on it.

Rebuilding the carb will set you back fifty bucks for the kit. A complete fel-pro gasket kit is about $70 on Ebay. Also on Ebay, I found a master rebuild kit for about $350, which contains a gasket set, along with pistons, a cam kit, freeze plugs, a timing kit, and all the bearings.

Personally, I'd go with the master kit, it gets you all you need in one shot. I tend to use Ebay for this stuff because it ends up cheaper than a parts store, sometimes. just make sure to go to a parts store and get a price first, ask if they have any fees that they add in and use that price as a guide.

The 318s a good motor, If you've got a car it will work in, build it for use. Good luck, and ask if you've got questions.