Posted by sws55 on March 30, 2011 at 22:43:52 from (173.29.40.52):
In Reply to: Massey Value posted by jakemersing on March 30, 2011 at 17:12:25:
Scrap prices are around $200 per ton depending on your location, if it weights 3000 to 4000 pounds that's $300 to $400 to start. The tractor is very complete and in good "barn find" condition so it is definetly worth more than the scrap price. Your aunt's $500 minimum figure is very realistic. She can probably get twice that or more if she advertises it.
It sounds like you expected to get the tractor for free. Few things in life actually work out that way. It also sounds like there are already hard feelings between you and your aunt about this.
Keep in mind that it is still your aunt's tractor. She can do whatever she wants with it.
If she's has recently become a widow and has bills to pay she may feel as if the world is closing in on her from all sides as she tries to figure out how to cope with her horrible new situation.
While your aunt is determining how to price the tractor, you should be thinking about what it is worth to you. A good place to start is at what price would you be indifferent whether you buy it or not. That is the absolute maximum price you should pay, and go down from there. If she can sell it for more than it's worth to you then let it go graciously.
Keep in mind that you will still have to spend another $500 just to get it running, put new fluids in it, put some used pickup tires and tubes on the front, and fix the other little things that always crop up: new battery, rod and patch radiator, radiator hoses, belts, fix brakes, rusty fuel tank, bad rims, gaskets, repair manuals, new tools, etc. Used rear tires will be $400 minimum if you can find them. New rear tires and tubes close to $1000. Can you aford another money pit right now? If you can then go for it.
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