To be honest that's pretty much what you can expect. If you paid $15K for a it fairly new and keep it three years $10K would be the expected selling price - unless it starts to leak then its worth WAAAAAYYYYY less.
That's why buying one like Blackhole49 has for sale starts to look real good because the depreciation has been taken. You reach a point where it worth what its worth because of condition and working options - not its age. To many of the ones the age of the one he has have been destroyed due to water damage. One with water damage like his is worth $500 (frame and axles) and the one that's been stored dry and maintained is worth $2500-$3500. Keep it dry and maintained and its still worth $2500 three years later. Store it outside and it leaks through the winter without it being caught and its worth $500.
I bought mine (first one I ever owned) because I wanted something small so it would be easy to pull and store inside, most of the ones I found that were newer were trashed from leaks from sitting outside since new. I would have loved to buy a Scamp (fiberglass egg) but those in decent shape are still $5000 to $9000 even 20+ years old. More than I wanted invested in a 4H camper for the fair and a mobile winter cabin for hunting.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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