Bear in mind that the Ford 8N is a seventy year old design based on an eighty year old design. They're popular because of their small size and simplicity, but they aren't very powerful and lack live hydraulics. The 800 series, although only a few years newer, is a much more modern design and quite a bit more powerful. There are several models in the 800 series: if it has a four speed transmission it is an 840. An 850 will have a five speed transmission and the most desirable model is the 860 which has a five speed transmission and live PTO.
Assuming your neighbor's tractor has a five speed transmission and is in good running condition with decent tires, $4200 sounds about right with the loader. The rear blade doesn't add much to the value unless it's a heavy-duty one. It's possible to repair the power steering, but it probably needs more than just a new pump. You'll find posts in the Ford forum on this topic.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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