You can spend more than you can resale it for yes.
I doubt you can get 10 grand out of a Cub. Dad and I watch the mecum tractor auction every Saturday on RFD channel. The common tractors like farmall M's and Ford hundred series I know aren't bring what the restorer spend. The hi crops, orchards, and low production tractors You can make a buck on.
If you can find someone who REALLY wants a Cub you might get most of your money back. A tractor is only worth what someone else is willing to pay for it.
As soon as you buy a tractor, You have lost money. If you maintain it correctly and keep everything working, lights, gauges,brakes so you have dependable tractor you will have more money invested than you will ever recover. Half the reason for buying an old tractor has to be just for the fun of owning it and being able to tell others 'I have one of those."
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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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