Posted by n8terry on December 25, 2007 at 16:12:48 from (172.166.30.99):
I have read several opinions about tractor restorations. I have noticed that a lot of times there are comments about a dupont overhaul ie a paint job called a restoration.
I recently had an experience where a guy showed me reciepts where he had $10,000 in a tractor from mechanical repairs. To complete the tractor, it would need new rear tires and a paint job. I heard this tractor run before the major engine rebuild, it ran perfectly, no smoke, idled down real smooth.
He offered it to me for $3000 less than he had in it. I turned it down cause the tractor wasn't worth $7000 even if I put new tires on it and had painted it.
What I am getting to is, this tractor didn't become more valuable to me just because it had a bunch of money put into the engine that didn't need it. It would be a show tractor that probably wouldn't have a total of more than a few hundred hours put on it for the rest of its life. A total restoration is nice, but if it isn't needed, why do it.
If someone wanted to sell me a brand new $20 dollar bill for $25, it would be the same thing.
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