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 - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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