Oliver 70 Pros/Cons

Going to look at 70 tomorrow whats the pros and cons? And what should I look for? Its a 1940. Has loader which I don't want. Needs rear tires. Runs and drives, I got him down to 750 from a 1000, ill try to get him to 650. But over all its looks like a really straight tractor.
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Biggest con is,it's a 70 that's worth $500 if it's up on good rubber and complete. I could have bought one with an older restoration,new rubber when it was restored,delivered to my door for $600 a few years ago and I passed on it. I've got this 39 sitting out in the corner of the toolshed. It hasn't been started in five years or more. It's got a good pair of Wards Riverside 11x40s on it that are probably worth more than the tractor is. I don't know why I can't fall in love with that tractor,but I just never could. When I bought that one,it needed tires. I gave $250 for it. We pushed in on the trailer. When I got it home,I cleaned the carburetor,put some gas and a battery in it,started it and drove it off.

If it was an earlier unstyled like the first one they had here on the farm,I could probably get in to it a little more.
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Unless you just really want a project for the sake of having a project, I personally wouldn't pay more than scrap price. For what you can buy a restored one for, it just isn't worth much. Heck, by the time you buy tires and side tin, you can have a really really nice 70 if you look around.
 
Yep,I know where there's a pretty sharp one right now less than ten miles from my house for $1850. I wonder what he'll take to get rid of it before it's all over and done with.
 
I'm going to repeat quite a few "cons" that have already been repeated, but here goes:
If an overhaul is needed, you will pay thousands of dollars on a tractor that will never be worth more than $1K.
And while we are on the overhaul subject, rebuild parts are obtainable, but very high. Machine work on a tractor like this is even higher.
If the rear tires are 40", they better be good ones because even good, used 40" tires are proudly priced.
Pros:An Oliver 70 in good shape is a joy to drive and watch. They are a smooth running tractor.
 
I'm in mid Michigan. I don't know if I'd turn it loose or not. You know how it is. Once you get something and it's setting inside you hate to get rid of it. At least that's how I am with things. If I got rid of everything I don't need,use or have a lot of interest in,it'd be pretty vacant around here.
 
One painted up and at all decent is worth 2 to 3 K at least IMHO. One of the best Oliver's made and a milestone for power and innovation. Like any of these tractors, restoration takes more than they are worth usually. We have had one in the family for 58 years or so. No amount of money would buy it.
Here is one listed locally with a paint job, and but a few missing pieces.
http://www.kijiji.ca/v-farming-equipment/kitchener-waterloo/cockshutt-70/1189329661?enableSearchNavigationFlag=true
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They've come down to $1700 on this one from $1850. I'm not 100% sure,but this might be the one that was offered to me for $600 a few years ago. I know that the guy who ended up buying it lived right up there in that neighborhood.
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I don't see more than $250 worth of scrap there, to be blunt. The tires are shot, tins missing, and the loader looks like a cobbed up mess. I would leave it unless being paid to haul it.
 

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