That looks like a new garden tiller to me, and certainly something worth repairing rather than replacing.
Without more information, I can offer little help regarding the original engine but here are some helpful pointers.
1: Starting batteries that are not used regularly , i.e., off season, should be charged every 4 - 6 weeks. Doing so increases the life of the bateries greatly. It is not uncommon for lawn tractor and similar batteries to fail within a year or two if this is not done.
2. Run the engine completely out of fuel upon fall service so that modern gasoline is not left in the carburetor. Alternatively, use fuel stabilizer during the off season and store with the tank FULL. I recommend the first alternative.
3. Avoid gasoline with ethanol at all costs if at all possible.
4. Change the engine oil regularly and use a good quality oil recommended by the engine manufacturer. I change all of my seasonal equipment each fall after last usage so as to avoid long term storage with used, acid laced oil.
4. Check the oil in the tiller gearbox(s) before each use and replenish if necessary. Do not operate the tiller if the gearbox oil level is not up to recommended level. Tillers gearbox seals are notorious for leaking due to dirt contamination.
Sorry, I did not read all of your post before writing the above. I would save the original engine as it is likely repairable if it has not been run out of (or very low of) oil.
FWIW, I have not before seen anyone garden wearing white slacks.
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Today's Featured Article - Tuning Up Your Tractor: The Battery - by Curtis Von Fange. Buried somewhere beneath the sheetmetal, under the gas tank, or stuffed in front of the radiator is the battery. This elusive and neglected component of the tractor is the hardest to get to when it is dead and in need of a jump. But usually, the storage battery is a storehouse of electrical energy waiting to be released a the flick of a switch. A few maintenance tips and periodic cleaning will keep it charged for the duration of its life span. The battery is made up of a number of lead bas
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