The 555 is a very good machine. I think the 555D was the last version before they started using electronics. The hydraulics are stronger than earlier similar size models (and even some of the older bigger models too).
Check all of the pins and bushings for wear; watch the exhaust for excessive smoke when you start it and under load; check the trans (cold and again when hot); check all hyd cylinders for leaks; check the hydraulic hoses for cracks; check the boom and dipper for cracks, Make sure all the hyd valves work as they should. Basically you need to put it through it's paces. Use the hoe to dig a hole. Use the loader. Push the loader into a pile to check the trans. Make sure there's no coolant in the oil.
A machine that old is going to have some issues. Just be wary if it appears it's been neglected.
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Today's Featured Article - A City Guy's First Tractor - by Fred Hambrecht. After living in apartments in Atlanta for more years than I care to remember, the wife and I decided to move to the country. Humming "Green Acres is the place for me..." we purchased a 29 acre tract about 60 miles south of Atlanta. Next came the house, I could talk about that ordeal for another two weeks... But, I want to talk about my tractor! We didn't even own a lawnmower, and all of a sudden we had enough grass to feed all the starving children of the bovine world. Naturally, I talked
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