That question does open a can of worms with some people. Best policy is as is. Keep it simple, represent it for what is, running, field ready, completely disassembled/completely rebuilt or what have you, price accordingly, buyer beware.
No, I don't like a dishonest, purposely misleading seller. A buyer should know what he/she is looking at, or have someone with them who does to assess what they are looking at. People who don't can easily get taken, and it may not be any fault of theirs except agreeing on a sale that they should not have because they don't know the model, have no ability to determine that the tractor is sound, field ready, or has specific problems that the price should reflect. I can see this with someone just getting some land and so on, that has never been around these things, still common sense, find a mechanic to help you or research or what, you buy like a fool, it may not turn out well. We were a dealer at one time, used were checked out, taken care of, customer relations were good, work with them, treat them right, but don't take em to the cleaners, and vice versa, don't try to take us to the cleaners or as is, will be the last thing you hear.
2 things I bought one was ready to for the scrap yard, my ole 850 ford, mostly wore out, 'cept the motor, needed a bunch of repairs, price was fair, I fixed most of it and the tractor has done more work than I ever expected, owes me nothing. The previous owner appeared to be in a hurry as soon as he dropped it off, real cold out, trouble starting it due to that, I never and would never say a word, as is is AS IS LOL ! Yes, I should have waited for a better one, by the same token, I bought it and still made it work, add a little luck in there, as I should have ran away screaming !
My D7 Cat, 15 hours in, the clutch failed, mostly due to age, it sat unused/new for 30 years. Cripes the PCU brake would not even hold the blade up, some other odds and ends, bought sight unseen, shipped and thats that. Seller may or may not have known. It was bought due to the low hours and the condition of the tracks etc. Ironically, not long a ago, the seller sent me an email, was cool to hear from him, I replied with what happened and so on, I think the guy took it personally, never heard back from him. The seller, the trucker and so on were honest people, did me no real wrong by any means, I'll do the same as my ford 850, and have some fun doing it! I can see someone else making something of it, but as is is "AS IS". Granted, if it had cracked housings, shabby weld repairs etc and was totally misrepresented by a dishonest person, you're still out, however that is a different situation, again buyer beware, sight unseen, not a smart thing to do ever.
We sold a tandem tractor, GMC astro 8V71/ 435 Detroit "as is" years back, was not long after the motor went, how can you predict these things or what the next user does, just one of those things you deal with when buying used equipment.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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