Posted by wisbaker on April 14, 2012 at 21:39:34 from (207.118.153.79):
In Reply to: Response to Jakee posted by Pete76NY on April 14, 2012 at 21:09:29:
I have a 1991 Honda Accord with 275,000 miles. I could spend $20,000 restoring it. After spending $20,000 making it like new I might be able to sell it for $7,500 dollars. Older tractors aren't much different, unless it's the very first made, the very last made, a totally original unused example or a rare variation of a popular tractor or has some other factor that makes it extremely desirable it is real easy to spend more on them than what they can be sold for. I do take offense when some one dumps more money into something than it's worth then tries to sell it and I am accused of being a low life dirt bag low-baller by offering what the market value of the tractor is. They can ask whatever they want for it, and someone is free to pay more than it's worth if they so desire. If you spend $8,000 making a $3,000 tractor a $6,000 dollar tractor you're in it for about $5,000 to much. Another factor that a lot of folks don't understand is a lot of old tractor people like working on tractors, for them the journey is more important then the destination, gez....why would someone buy a restored tractor? All the fun is already taken out if it.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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