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Might recieve a 1066...

P

PretendFarmer

Well-known Member
My wife's boss, the guy who owns the company, has a farm thats been dormant for some time. Knowing I tool around on tractors, he asked if I would take a ride over and look at two tractors sitting in the brush.
One of them I couldnt identify because its that covered in brush and weeds(and it was raining and there was 2ft of mud around it). The other is a International Harvester 1066. Knowing what I know about the guy, he would rather go out and buy another tractor long before sinking any time, effort and money into this one.
From the inital look, some of the sheet metal is gone(half), and the radiator is missing. Other than that, its all there. Tires are there and hold air.
No idea of the mechanical condition but I would be amazed if it simply turned over.
Whats a 1066 like this worth? I would probably park it out back for some years and eventually get to building an insane puller with it....some day.
 
In its present state, it's worth around 5 tons of scrap metal, plus the value of any weights or weight brackets it has on it, about $100 per pair of rear wheel weights and $100 per front suitcase weight and $100 for the front weight bracket.

IIRC it's about 5 tons of metal, so anywhere from $1000 - $1500 would be fair for just the derelict tractor, as-is, no questions asked. You just winch the tractor up on the trailer and go. Any tinkering you do to the tractor to prove anything works only increases its value.

If the exhaust is covered, the engine is probably loose though. Diesels don't seize up as readily as gassers because diesel fuel is basically just thin oil, and it coats the upper cylinder walls preventing major rust.
 
Yeah, that sounds like a scrapper. If you bought it for $1000 you could probably make out pretty good by parting it out depending on how it is equipped. I don't like to see tractors parted out but it sounds as if this one might be a candidate. Unless you have many thousand dollars you have no home for, I would forget the idea of making a puller out of it. Take the money from parting out the tractor along with a whole bunch of your own money and buy a turn key puller. You will be money ahead.
 
I'd have to get the thing to my house before I could make that call for sure.
I'll post on the results of that when it happens. Thanks.
 
If you have any intentions of building a puller out of this 1066 DO NOT SCRAP IT. you will never come by one that easy again.
 
Seem to recall a post here just a couple weeks ago about a couple 1066's coming up for auction and neither ran and both were in extremely rough condition.

All the so called experts (or cheapskates) were predicting they would be maybe willing to pay scrap value if that. I think each one of those sold for over $6k each.

Not saying the one you found is worth that but it is likely worth more than simple scrap iron as a salvage parts tractor. What I am saying is it will likely sell for more than you think if put on the open market
 
pretty sure I'm going to get it for free.
I will probably stuff it out back under cover. I dont have the time and resources to fix it now but a few years down the road, maybe even in 2015 I could.
 
Sometimes even free ones cost more in the end then they will ever be worth.The wheel castings alone sell for $250/400 at salvage yards.Scrap is down to $160 a ton in our area so its worth $800 then go from there.It is somewhat like most anything restored it can usually be bought cheaper than it can be done.
 
All the so called experts (or cheapskates) were predicting they would be maybe willing to pay scrap value if that. I think each one of those sold for over $6k each.
Click to expand...

There's what one person is willing to pay, what the tractor is actually worth, and what SOMEONE ELSE is willing to pay.
 
What are you intending on using it for and if you bring it back, can you do most of it yourself? IF you can get it for scrap value, do it. (1000 - 1,500). Not sure about your area, but you could sell it for twice that within a week.

And if you spend the time/money refurbishing it (sometimes the "restoring" bug gets out of hand) you'll have a solid tractor that you can "know" what's been done to it, which to me, is worth a lot.
 
Not sure what your point is? Those other junkers were sold at auction so there was at least two people willing to pay that or the price would not have went as high as it did.

Like it or not the days of buying tractors at much less than scrap iron value is pretty much over. I do not blame people who try to sell something and can not and end up scrapping it for more than the cheapskates will pay. It breaks my heart yes - but it is reality.

Course a tractor like a 1066 also has a significant salvage parts value. Whether or not it is worth fixing up; I do not know. Regardless it still has a significant salvage parts value well above scrap iron price. As one poster already posted the wheel hubs alone are worth more than most people are trying to buy it for.
 
Well I am still in the process of acquiring it. So I dont have it yet. I have no need for a 1066....yet. The wife and I are planning a farm of sorts in the future and it could be functionally useful then.
Odds are one of two things will happen. A: I will get it, it sits for years out back and I eventually build a puller out of it. or B: it isnt worth fixing up because it got parked for some reason that one would park a 1066 for and I end up selling it to someone as a parts tractor.
I'll have to get it and go from there.
 
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