Bear in mind that the Ford 8N is a seventy year old design based on an eighty year old design. They're popular because of their small size and simplicity, but they aren't very powerful and lack live hydraulics. The 800 series, although only a few years newer, is a much more modern design and quite a bit more powerful. There are several models in the 800 series: if it has a four speed transmission it is an 840. An 850 will have a five speed transmission and the most desirable model is the 860 which has a five speed transmission and live PTO.
Assuming your neighbor's tractor has a five speed transmission and is in good running condition with decent tires, $4200 sounds about right with the loader. The rear blade doesn't add much to the value unless it's a heavy-duty one. It's possible to repair the power steering, but it probably needs more than just a new pump. You'll find posts in the Ford forum on this topic.
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Today's Featured Article - Tuning-Up Your Tractor: Plugs & Compression Testing - by Curtis Von Fange. The engine seems to run rough. In the exhaust you can hear an occasion 'poofing' sound like somethings not firing on all cylinders. Under loaded conditions the tractor seems to lack power and it belches black smoke out of the exhaust. For some reason it just doesn't want to start up without cranking and cranking the starter. All these conditions can be signals that your unit is in need of a tune up. Ok, so what is involved in a tune up? You say, swap plugs and file the points....now tha
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