"SOLD AS-IS" - FIXER UPPER – 2001 Chaparral 196 SSI – Great Project Boat! If you're handy or looking for an affordable way to get on the water, this 2001 Chaparral 196 SSI is a solid opportunity. This is a good running boat that we simply don’t want to invest additional money into due to its age. With some cosmetic work and light mechanical attention, this could be a very nice setup. Powered by a MerCruiser 5.0L V-8 with 536 hours, the engine runs and shows excellent compression (192–200 PSI) across the cylinders – a great sign of overall engine health. It could use a basic tune-up, but the foundation is there. The interior is not bad overall, with the bow seating in great shape. The exterior shows its age with fading and scratches, but there is no significant structural damage. The stereo works, though 2 speakers need replacement. The boat also includes a cover that is only a couple years old and in great condition. The gimbal ring will need R&R soon, while the gimbal bearing and U-joints are good. The trailer appears to have good wheel bearings, but will need tires before any long trips.