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Farmall & IHC Tractors Discussion Forum
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Value of a 1958 IH 240

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Swifty

10-24-2006 05:57:50




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There is an upcoming auction in my area that has a 1958 IH 240. In the ad the auctioneer notes that the tractor has been setting for a long time but the engine is not locked up. All of the sheet metal is there and appears to be in good shape. My question is what is this tractor worth, and how much does anyone think it will sell for.




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GA Dave

10-24-2006 20:22:24




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 Re: Value of a 1958 IH 240 in reply to Swifty, 10-24-2006 05:57:50  
I bought one March of this year. Engine runs very good, no smoke, 3 point fasthitch with good hydraulics. All sheet metal good but missing the hood skirts and one emblem. I'm repainting as it looked like it had sat outside the last 48 years. Tires weatherchecked bad. Very pleased to get it for $1000.00. Using it to scrape a steep 600' driveway and bushogging. David.



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porter09

10-24-2006 06:34:14




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 Re: Value of a 1958 IH 240 in reply to Swifty, 10-24-2006 05:57:50  
A buddy of mine just bought a similar 240 a couple months ago off eBay. His needs paint and is missing one side cover. Runs good though, and came with a 5' bush hog. He paid $1450 for it.



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Brooks McCormick

10-24-2006 06:31:12




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 Re: Value of a 1958 IH 240 in reply to Swifty, 10-24-2006 05:57:50  
Stay away from it, they were made to sell!

Find a 424 with a 3pt and draft control.



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