560d?? Too Much??

• 560 farmall

• 1962 Farmall 560 LP

Believe me though, Allan is right on the money if you have to start engine rebuild. You could quite easily have a $10,000. or $12,000. tractor. Without 3 point in 2005 that is a lot of money. When my 560 blew it's engine, IH dealer was going to sell me a short block, that is complete with crank, rods, pistons and sleeves, for $4,000. Other than engine my tractor was in excellent condition. That was 1978 and I couldn't see spending that kind of dollars on a tractor without 3 point. Dealer even offered me a used 766, no cab, for about $10,000. These were all diesels.

You sure about that $4200 656? New? Diesel?

We traded for a brand new 656D in '69. Seems to me it was crowding the $6300 mark.

'Course those prices back then would vary with the salesman you talked to. Bought a new 966 in '72 for $10K cash, no trade. Four years later, they were bringin' almost $17K. Go figure.

Allan

I THINK IT'S CALLED, WHATEVER THE TRAFFIC WILL BEAR.

For well over a decade now, here in Canada, you could have a new 125 hp Deere in your yard, and by new I mean a new one every 3 years, for very little more than a 1066 would have cost you in 1975. You can't buy the tractor, and when the lease is up a US truck picks up the tractor. I say for well over a decade, but the strength of the Canadian dollar seems to be putting and end to this. In the 1990s Deere dealers had no used inventory, all of a sudden they do.

We used to be able to buy a 3 year old Pontiac Grand Prix, coming off lease for $16,000. CAD. Since your dollar started tumbling, we can now buy that same car for $11,000.CAD. For close to 15 years now, used 3/4 ton 4x4 trucks were non existant here in Canada. In the past year, there is all kinds of them.

I really don't look at the asking price that much, but rather try to think ahead, down the road, to the money I'm gonna have in the thing after all the dust has settled and I put 'em back into new condition.

I try to keep 'em at or below the new selling price if at all possible, because not even figuring in the cost of inflation, I feel these old tractors give you one heck of a bang for the buck using today's money.

Just ask that dealer what a brand spankin' new 55-horse tractor will cost you.

So looking at a worst-case scenario, you have a new T/A, clutch and batteries. But the down side is that the tractor, more than likely, will need an engine, tires and a paint job at the very least. All of a sudden, that $5500 tractor becomes a $10,700 tractor.

Now, what is 42 years of inflation worth, would you think? The tractor originally sold new for $5500 American.

The dealer has $2500 in that unit and he wants to double his money back out (normal operating procedure).

But forget that for a minute; the bottom line is that it is your call and your decision as to how much you want to drop on your favorite tractor.

If you want and if you are able to pour the money into it (and make no mistake; you will), go buy 'er. Only you know what that tractor is worth to you.

Just the way I do it,

Allan

Well, let's be honest and face the piper; this "sport" of ours is, at best, a money black hole. But darnit! We enjoy ourselves to no end and compared to these folks running around tryin’ to be ‘cowboys’, heck! Our toys are dirt cheap!

I've got this crazy goose-egged idea that I wanna go out and farm again. So, when I see a feller buy an absolute pristine 1066 and plop down $15K to $17K, I don't think he is crazy at all; looks to me like he is using his head.

It is these new $60K and $80K tractors that give me gas. How can they get that kinda money for a darned tractor, anyway? :>)

Allan