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1066 Purchase

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R Ney

09-17-2004 15:19:46

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I am looking at a white stripe 1066. Good metal, decent paint, tires at 80% plus. Will soon need a new starter ($500) and TA ($1750). Owner is asking $7500. Given the immediate repair bill of almost $2500, I hate to give more than $5000.

Any thoughts?

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09-18-2004 20:03:20

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 15:19:46

If he wants $7500 for a 1066 that the ta, and starter are out of i'd be asking a different question. "Whats that guy smokin, cause it must be good stuff". The salvage guys around here say a 1066 that runs is worth $5000. Most on dealer lots are in that 7500 range. But thats the # to work down off of with trade-ins, or cash in hand. On farm sales around here (Nebraska) they bring from 5000-10000 depending on the day or time of year. If its fall harvest, nobodys looking to buy a tractor. If they need something to plant with and its march it might bring the higher figure, if its a low hour tractor.

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Kent Smith

09-17-2004 20:02:31

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 15:19:46

In my part of the country (AL)I have seen a tractor much like you are talking about sell at auction for 4800.00.We were told it had been babied all its life but the TA was bad and the bull gear had a roar to it.The problems you know are enough for me to look farther.A guy bought the tractor and I think he ending up spending 3600.00 n it to get it right.But,when she is right she is hell on wheels.

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R Ney

09-17-2004 19:55:06

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 15:19:46

As it happens, I am in Iowa (eastern) and also know of a 1486 that sold very cheap at a consignment auction recently. This particular tractor has had it pretty easy the past three years, as it has been strictly a planter tractor. It has spent some time on the road, traveling between distant farms, but otherwise has pretty much been in the shed. As the TA rebuild, I suppose I should add in some cost for the inevitable "extras" that should be attended to once the thing is opened up.

I had been looking for something smaller (60 to 70 hp), but am finding that for not much more, you can get more tractor and somewhat newer.

Anyway, thanks for all the comments.

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Hugh MacKay

09-18-2004 02:00:20

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 19:55:06

R Ney: 40 years ago a man my dad was aquainted with, came to my dad with the following question. How do you like your Farmall 130 as a second tractor for mowing, raking, etc.? He made 90% of his income trucking, and had a 25 cow beef herd. He already had a 350 tractor, that he bought new. He just wanted a small tractor to speed up haying and not take him away from his trucking as long. My dad told him that SA, 100 or 130 would be great for what he wanted. He then went tractor shopping, and came home with a 460 that he bought for less money than any of the SA, 100 or 130 he saw.

That 460 has sat around broke down most of the past 40 years, until he died and his son sold it quickly. He said," cant keep the old man's money pit any longer." Sizing the tractor to your needs very important.

It would just surprise you how many tractors are parked around North America, needing some extensive repairs, and an owner either unwilling or unable to come up with cash to fix it.

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656farmall

09-17-2004 20:49:07

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 19:55:06

Theres a problem spending that little bit more to buy 'more' tractor: you could buy bigger than you can use.
Let me explain: before I bought a 656 Farmall gas, I bought an Oliver 1850 diesel. Great tractor, approx 90 HP, but there is one problem: I live on 5 acres, and its just too much tractor! Just big enough to make it tough to clean the barn, gates have to be good sized to let it pass, and you better have pretty tall openings or that exhaust is going to take a hit.
The 656 is much more a 'handy' tractor in small spaces, and approx 65 hp is more than enough for anything I do.
And to top it off, now I have to sell the Oliver!

Just my 2 cents, for what its worth.

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Dan 3588

09-17-2004 18:48:00

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 15:19:46

All I can tell you is 7500 would be a pretty good 1066 here in Iowa, They recently sold a 1456 near me with 3700 hrs, needed a TA and it only brought 6000. If it is an impressive tractor, up to you, but if it is run of the mill, there is bound to be a cheaper one come along, and soon. A 10 isn't rare.

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catmandoo

09-17-2004 19:42:05

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Re: 1066 Purchase in reply to Dan 3588, 09-17-2004 18:48:00

dan3588 is right on on the price here in iowa for 7500 it better be spotless and then i think you would still be hard pressed to get that much.what i thought was a nice one sold close to me last year and brought 4500,but as someone said it helps to know the history.

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old don

09-17-2004 17:50:07

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 15:19:46

I say if it's kind of like adopting a part of the family first of all you kinda need to know a little background on the tractor,ie; was it turned up? and if so what were they pulling with it? As you know those old 10's could blow some fire, I've seen the bull gear where you could shave with it after 3500hrs it really just depends on how it was handled and don't say dairy farmers are safe because I've seen those guys turn them up to the max to pull a two row chopper in heavy corn till the chopper clutch was smokin all I can say is buyer beware an old cliche' but it kinda says it all.

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Allan in NE

09-17-2004 18:13:42

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Re: 1066 Purchase in reply to old don, 09-17-2004 17:50:07

Yeah, but Don,

I mean whadda gonna do. What I mean is, you stumble across one that looks pretty nice, then ya talk yourself out of it. You then drive by the darned old thing a couple of days later and by golly, you swear that it looks even better....you know what I mean?

I've reluctantly turned away from three of the silly things in the past two weeks, but I'm not kiddin'! These old sisters kinda have a magnetic pull or something.

Everything you say is true, however. :>)

Have a good one,

Allan

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Allan in NE

09-17-2004 15:41:14

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Re: 1066 Purchase in reply to R Ney, 09-17-2004 15:19:46

Yeah,

Maybe $5500 or $6K.

Don't you think you are a tad bit light on the starter and T/A repair? I would have guessed $700 on the starter and around $2500 on the T/A; unless of course, you are gonna break her yourself?

Because, don't you think while you are in there, that it should get a new rear main seal, main clutch, the PTO brg and those forward rear end seals?

But, on the other side of the fence, oh! What a tractor when she's right.

Allan

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Hugh MacKay

09-17-2004 16:05:02

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Re: 1066 Purchase in reply to Allan in NE, 09-17-2004 15:41:14

Allen: I notice you responded to my post on that other 1066 thread. Some of these guys think these tractors will run forever without repairs. I can remember 25 years ago having 5 tractors and 2 skid loaders clocking between 5,000 and 6,000 hours per year total. You start doing that and you will find out what bills are all about. My skid loaders each saw 1,000 hours per year go on the clock. 1066 did 10,000 hours in 8 years, 656 10,500 in 13 years 560 11,000 in 17 years. 350 acres of cash crop for a 1066, just a picnic. There is a guy up the road from me restoring his dad's 300, bought new in 1955 to cash crop 500 acres along with another smaller tractor. You see guys talking about buying 90 to 150 hp tractors with 3,000 to 5,000 hours on them. No wonder the North American farmers were hard pressed finincially. Why from 1975 to 1990 a farmer putting 300 to 400 hours per year on a 1066, could have made more in interest with the money in the bank, and let IH keep the damn tractor. In 1975 I figured a tractor had to be clocking 800 hours per year to be feasable.

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Stickler

09-19-2004 23:01:00

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Re: 1066 Purchase in reply to Hugh MacKay, 09-17-2004 16:05:02

I hear ya..... ..... my 666 gasser only has 6600 hours. It spent a good part of its life as a yard tractor.....I'm sure I'll find out reverse and first are totally worn out..... ...LOL! In fact, the way I got it, the mounting plate the loader controls were on would not allow it to hit 2nd, 4th or 5th at all. But the TA is good, and everything else works fine. She's just real FUGLY cuz she's sat outside for 30 odd years. I had a Case 1030 as well, and it WAS too big for what I need, and a bear to start in our Canadian winters. Only kept it one winter. I get more use outta my Ford 2N.

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tommyw

09-17-2004 19:31:46

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Re: 1066 Purchase in reply to Hugh MacKay, 09-17-2004 16:05:02

way too much money ,it would be a 5,000 tractor here ,but they are a heck of a tractor i spent alot of hours on a 1066 and ih 490 disc ,it played with it in high 1st ,ours was getting plenty of fuel . h .

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