An SOS diesel with both engine and transmission problems? I wouldn't be overly optimistic about getting it running without spending more money than it's worth, but you never know. Keep in mind that if it has both engine and trans problems, it will probably require other work such as new brakes. It is certainly worth way more than your 500 bucks, which you can probably kiss goodbye anyway.
The 4000 is a pretty powerful tractor for its size. For a daily runner I'd prefer something a bit newer, but if you can get it running it's worth two to three grand.
Bear in mind that if your employer has declared bankruptcy, that tractor isn't their's anymore.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for �200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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