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Ultra-Cheap 401 Build

Ultra-Cheap 401 Build

Colorado Yeti

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Location
Ft. Collins, CO
Vehicle(s)
1976 Jeep CJ7 Renegade - Levi's Edition. 304 V-8, T-18 granny 4-speed. 38k miles. All original except 4-barrel intake & dual exhaust.
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I purchased an AMC 401 out of a 1973 International Travelall a couple of months ago for $600. I have been looking for a 401 for about 10 years now and finally found one that I could afford. It is going to be installed in my 1976 CJ7 Levis edition Renegade .

My goal is to build the engine as cheap as possible but still make it reliable and stout. Right now, the engine is locked up tighter than a $2 Mexican watch, and it looks like it may have taken on water down the intake when it was stored in a lean-to. The previous owner (a friend of mine) assured me that it ran when it was pulled out of the vehicle approximately 10-15 years ago.

I am going to start pulling it apart and figuring out how to get it back to a decent running condition. My goal is to keep total expenses around $1200, including the price of the engine. I will probably hone the block, reinstall the original pistons with new rings, and install a new camshaft, timing chain and obviously seals. I may replace all of the bearings, depending if the tolerances are within specs and the original bearings look reasonable. I'll probably leave the heads alone, as they are pricey to rebuild.

I do not want to do a full rebuild of the engine, because I am going to restore the whole Jeep in about 6-7 years anyway. I could sell the original good-running AMC 304 to recoup some costs but want to keep all original parts off this Jeep as it is quite rare and original. I can sell some of the smog pump equipment off the 401 on E-bay, as that stuff has gotten quite rare and virtually impossible to find anymore. (I still have all the original smog equipment on my CJ.)

I will post updates from time to time on my progress with this project. I know that there will probably be skeptics, but I think I can build a nice 401 for around $1200.
 
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I am interested in this as I just bought a used 360 for my 7. I seen it run before I got it. I plan to just put in a new timing set,new seals and gaskets. I am hoping to be in it for under $500.
 
Good for you! You may want to consider replacing the camshaft / lifters while it is out as AMC V-8's are notoriously hard on valvetrains.

Sometimes I don't think you need to spend $3000 - $5000 on a engine rebuild to have a stout motor. I have built plenty of cheap ones and have never had one give out on me.
 
Sleeving is way more expensive than boring (at least in these parts), if the pitting isn't to bad .030 over might be a good option. You will need pistions anyway, Summit racing has several choices. By the looks of things you will need lifters and possibly a cam. Good luck, most good deals are rarely that.
 
If they aren't pitted you could ball hone it and just replace the pistons.
 
Well I'm glad you've erased the dollar figure from you mind, because with what you are doing, it's just not sensible to cut too many corners. Whatever you do, just make sure you don't have to end up doing it twice. Old saying "the poor man pays twice."

The problem with a project like this is that is one of those deals where there's SO much you can find to do "while you're at it" that actually should be done. You have an engine there apart, so now's the time for new fuel pump, water pump, perhaps an upgraded intake manifold, cam, rockers, lifters, ground valves, new carb or EFI, new ignition, blah blah blah. It just never ends and if you skip something you'll kick yourself somewhere down the road.

It's a great spot to be in, but it's no fun if you're not willing to take the time and spend the money. If the engine you have runs fine - then TAKE the time and the money will come when it comes.
 
The good news is that I am not in a big hurry. My AMC 304 in my Jeep is a bit tired but still runs strong and is very reliable. So I have plenty of time to build the 401 as I get time & money. I plan to build the guts well at the beginning and then probably add EFI when I restore the entire Jeep in 7-8 years.

By the way, where is the pic of your Jeep taken? Looks like Pearl Pass between Crested Butte and Aspen (which is where I learned to drive many years ago in our CJ).
 
By the way, where is the pic of your Jeep taken? Looks like Pearl Pass between Crested Butte and Aspen (which is where I learned to drive many years ago in our CJ).

I had to look though pictures to see the sequence, but based on the date and cleanliness of the Jeep that's the summit on Black Bear Pass, looking west.
 
Aha! Still haven't done that one yet but on my bucket list.
 

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