What would I have done? Asked for an estimate of the overhaul first, then did some checking to see what they were selling for.
Then not done the overhaul, set it out along the road with a for sale sign on it " For sale, As it" and took the best offer.
You dont put that kinda money in an old tractor unless it was your dads or grandpa's and you plan to keep it.
Your buddy put the cart before the horse. I know from experience. I have a Super H Farmall torn down in the shop that will cost way more to restore than what it is worth. But I bought it with plans of a "hobby" when I retire next month.
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