I have an IH150 tracked loader with 4-1, great machine I love it. Never heard of a "P" model, are you sure you have that part right? As far as what it's worth, $15K is outrageously high. You can get decently running 150's with straight buckets in reasonable/fair shape for $5K, sometimes $1K or $2K less for a running clunker, and maybe on up to $8K-$10K for a really nice one with 4-1. Also, the 90% U/C and 1200 hrs sounds very suspicious right off. They stopped making 150's in 1974, and most were made during the 60's. That means this loader is probably around 40 years old. It's possible it could only have 1200 hrs on it, maybe it's been sitting in some old farmer's barn for ages after he died suddenly and his wife outlived him by another 30 years. Those things happen sometimes, but in general these "little old lady from pasadena" deals are exceedingly rare. More likely the hour meter is either broken (and has been broken for decades) and/or was replaced somewhere along the line. I'd be real doubtful about believing this machine only has 1200 hours on it. Plus, 90% U/C?? Gimme a break. By that the seller's trying to tell you everything, including: (1) the front and top idlers, (2) ALL of the bottom rollers, (3) both of the sprockets, (4) the rails (track links), (5) the grousers, and (6) the pins and bushings ALL on BOTH sides of the machine only have a mere 10% wear on them??? Undercarriages are one of the most commonly and profoundly exaggerated items on crawlers that are for sale (because they're the most important part to look at when determining value). Almost ALWAYS the seller, either out of sincere ignorance or out of just plain BS, "eye 'er up" and pull some inflated figure out of their arse which is supposed to accurately describe the overall wear on the U/C. Without knowing anything else about this machine, I'd be absolutely shocked to find out that this loader really and truly does have 90% wear left on the ENTIRE U/C. And even if it truly does have only 1200 hours on it, it would have used up more than a mere 10% of its U/C anyway, especially when you consider the roller/idler seals would have probably dried up and started leaking by now (considering how old they are and how long the machine must have been sitting to have only 1200 hours in ~40 years). So unless you really know how to check out an U/C and have seen it yourself, I'd say right off the "90% U/C" is probably confabulatastic baloney. Anyway, not trying to shoot holes in the good 'ole 150, because like I said my machine has been awesome. But these old machines can be a challenge to find parts for, you won't always be able to to just waltz right into a dealer and get whatever part you need at the drop of a hat. This means the owner has to do the scavenge/fabricate/improvise route when certain repairs have to be made. Not that there's anything wrong with that for a part time hobby machine that's not really used to make a living with. But in exchange for that inconvenience a reasonable and well informed buyer rightfully expects to pay a lot less than $15k for a 40 year old "LBJ era" machine in return.
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