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Old 07-07-2009, 09:03 AM   #4
Dave R
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I agree with NightWing, water pump is a likely culprit.

Exhaust is not a likely culprit, ignore it for now.

Look at the power steering cooler, fuel cooler (if equipped) and oil cooler too.

I highly recommend pulling the drive to check the U-Joint bellows. It's very easy to do. See: http://www.wikihow.com/Remove-Your-M...One-Sterndrive You do not want water getting in there, it will mess up your gimbal bearing and U joints.
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