NOTHING, and I mean NOTHING is ever as easy, or as cheap as it first appears when it comes to fixing old equipment. You see the obvious. Then we overlook small (hidden) details. We all tend to think in terms of what it SHOULD cost to fix something, not what it actually DOES cost. With experience, we can come to an average percentage of what we usually under-estimate. Now, subtract purchase price, estimated cost of repair, throw in that "contingency cost", subtract any intended profit, and if the remainder is in small numbers, turn and run (as fast as you can)
There's something to be said in favor of paying too much for "mint condition". At least you know from the get-go what you have to spend.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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