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861 with loader (but in pieces)?

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Bill Oakes

07-28-2001 13:34:30




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I looked at an 861 today; all original unsestored condition. It spent alot of time out in the weather, with little paint left, lots of surface rust, but fairly straight sheet metal. Tires are less than 10 yrs old. The big problem is that the engine broke 8 months ago. The fellow has it all torm apart; engine out of the tractor. Has valve frozen in the head, broken cam follower, and damaged camshaft. It's rather intimidating when parts are all over the place and someone else took it apart; but I would like the tractor as a project. But I am concerned about how much I might have invested by the time I get the engine rebuilt and everything back together. The loader is a Ford 703 heavy duty; it sits out in the yard; solid but leaking hydraulic cylinders. Neither of us wants to cheat the other but neither he nor I sure of what a fair price would be. Can some of you guys helps us decide on a fair price? Thanks for the help.

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Barry Baker

07-29-2001 09:21:59




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 Re: 861 with loader (but in pieces)? in reply to Bill Oakes, 07-28-2001 13:34:30  
Ford 800/801 series gas tractors in running condition frequently sell between $2500 and $4000 in the Midwest. Rebuilding the engine of an 861 could easily cost $2000.00 in the condition you describe if it could be rebuilt at all. As a minimum with proper machine work from a shop you shoud estimate the cost to be $1500.00. Now this cost is only the engine rebuild. The rest of the tractor will also require some significant work and funds. A total restored version of this tractor may have only a real value of 5000.00 to $6000.00. I would proably look for another tractor in running condition that will require less extensive work. The best web site I have found for tractor shoping is www.traderonline .com . This site will have approximately 14,000 tractors avilable for sale. About 1/2 to 1/3 of these adds will have digital photos which can be use full in determining the care a tractor may have recieved. The data base of tractors may be sorted by cost/model/manufacturer/area code/area of country or state. Check it out first before you purchase a basket case. I would probably only consider this tractor purchase for less than $500 and then I would hold it as a parts tractor for assitance in the rebuild of a nother 801.

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Bill Oakes

07-28-2001 20:25:27




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 Re: 861 with loader (but in pieces)? in reply to Bill Oakes, 07-28-2001 13:34:30  
Hey Guys,
Thanks for the advice so far. I just would like to make clear that this is no con man I am dealing with on this tractor. He is a decent man that I actually met here on this board. So you are really helping the two of us come to some reasonable $ amount for this tractor. Please, anyone that can offer advise would be appreciated.
Thanks for the help, Bill



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Van)WA)

07-28-2001 18:25:02




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 Re: 861 with loader (but in pieces)? in reply to Bill Oakes, 07-28-2001 13:34:30  
Bill; I think you have got some good advice! I never put myself in the position of putting a price on someone else goods. You put your selve into a very poor postion to start with. I would start very "low" on this type of deal, maybe $500. let him have the "heart burn". Luck...Van



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tlak

07-28-2001 15:58:58




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 Re: 861 with loader (but in pieces)? in reply to Bill Oakes, 07-28-2001 13:34:30  
You know whats wrong with it. Its better that paying $4000-5000 and then the engine breaking. How are the tires, need to be 70% or better to be called good? When the tractor is in this condition I look at it as can I get my money back on parts and how much is my time worth to do this. JimUT is probably in the ball park but it wouldnt bother me to offer $500 because by the time your done something else is going to eat up more money.

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Jim.UT

07-28-2001 14:24:19




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 Re: 861 with loader (but in pieces)? in reply to Bill Oakes, 07-28-2001 13:34:30  
Start with deciding what a fair price would be if the engine were in good shape then subtract what the cost will be to repair the engine. Seems like an 861 with loader in rusty condition should be about a $3,000 deal. With a bad engine? I'm not really sure about the cost of a rebuild. Another thing to factor in is the fact that without a running engine you have no way of testing the condition of the hydraulic system, pto, etc. Makes for a lot of question marks. Since you are looking for a project that probably won't deter you like it would if you were looking for a quick repair leading to a working tractor. Still, I wouldn't think you'd want to be in this thing up front for more than $1500.

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