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2000 merc 4 hp 4 stroke blinking red light

duckduckfish

New member
I just bought a 2000 mercury 4 hp 4 stroke and have two problems with it.The first is the oil light is blinking and the oil is full.The second is that the oil is milky. I know this is due to water mixed with the oil but is it a head gasket or can other problems be waiting for me.Thanks for any help
 
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