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Need opinions on price on a couple of tractors

M

mcdaniel2903

New User
This is my first time to post and wanted to ask an opinion on buying a couple of tractors. I am looking to buy a tractor to possibly restore as I am retiring next year. I can purchase a Farmall 140 or a Ford 601 for 800 each. Both will turn over but not run. they have both been setting for about 8 years. Tires will have to be replaced on the Farmall but not the Ford. the bodys on both are decent shape no dents or rusted out spots. Both do not appear to have water in the oil and both radiators are holding water no leaks. The Farmall does come with cultivators. Does the price of 800 sound reasonable for these? I know that is hard to answer without seeing them but thought I might get some opinions.
 
Which version of the 601 is it? I believe there is a high value difference in the 8 different models. That being said, Id prefer the Ford, as long as it was not one with the SOS transmission. The 661 ought to be the most desirable.
 
Might be high on the tractor that needs tires. I guess what you need to decide is if you think you can make money on them after your done restoring them or if your going to keep them. Ive had tractors given to me and Ive paid 1000 dollars for a non running tractor that needs some work but it was a model that I wanted and dont have any intentions of selling. Something that you will have to figure out.
 
Sorry if Im rambling on but I had a look online at both models of the tractors that your looking at buying and they are nice looking tractors. So having said that if the oil is in the right place and the antifreeze is in the right place and all the parts are there with nice straight tin work I would have no problem paying 800 dollars apiece. But of course its up to you. Good luck and maybe let us know what you are doing.
 
With today's market, $800 seems reasonable. Accessories like cults are nicer for a tractor show, transport easy, even if you have no actual use for them. the tires for the 140 will probably cost more than the worth of the cultivators, but even finding 140 cultivators might be a long shot. They are still in demand for the homesteader types.
From a retired dairy farmer that still cultivates his potatoes with a Farmall A.
 
Check out the price of new tires.

Do you need a tractor or just something to do?

Consider the condition of the engine? Gas tanks? Rims? Clutch? Radiator?

I gave up on the idea of repairing old tractors to flip and make a profit. Grandpa has cornered the market on doing that.LOL
So buy a tractor you plan to use..
I have a 6 ft belly mower on my Farmall C. Great mower.
I bought a Jubilee, a 601 is a younger sister, with a 6 ft rear mower. Better mower. Jubilee is retired after I bought a Kubota to use the 6 ft finish mower.

So what are you planning to do with the tractor?
I only buy a tractor I can use.
Old tractors can be money pits..
 
If the Ford has what looks like an old-timey elevator control sticking out of the dashboard, it is a Select-O-Speed, which hurts the value greatly.

Saw a real nice 5000 Select-O-Speed sell for something like $2400 here a couple weeks ago. Had it been a conventional transmission it would have been a $4000-5000 tractor easy, it was that nice.
 
Unless this is a close friend or family member, I would try to talk the price down some. Typically 'not running' dramatically drops the price, usually to scrap value unless it is a rare collectable model.

Nothing to lose by asking!
 
I am not looking to resale them. Just wanting something to keep me busy. Probably just try to restore them a then park them in my shed for the kids or grandkids to do do something with lol.
 

At that price a 140 would not last long in my hood the parts scrappers would snatch it up. If you garden you can not have to many of'em.
 
Restoration of a tractor takes quite a bit of time, usually several months. In that time you can shop for good used parts you might need. Also you will have time to get other parts like starters and generators rebuilt. All of this will save you money. I see a guy advertising in the classifides section of this site selling the tires you need. My wife and I make short get a way trips to go get parts. That's a two fer as we enjoy traveling and have met lots of nice folks along the way. Tractor shows are fun to go to and usually have a parts area to look thru. I can't comment on the Ford but the 140 is a desireable tractor. Look for a crack in the block behind the carburetor on the 140, they are prone to cracking there from freezing. That can be repaired but does subtract from the value. Always start restoration with the engine. If you find major problems there then you need to make a decision to repair the engine or get a replacement engine or sell it by parting it out.
Good luck and have fun.
Dave
 
The IH for cultivation and if you can find the attachments then disking, planting, etc. The Ford for mowing and if you find a loader then moving soil and gravel. Either could do most chores but each one has design advantages for some jobs. 140's most likely are more scarce if that matters.
 
Both! Motor turns over, but won't run..... 99 percent of the way there! Price is good for either one. The Farmall would be sold in minutes at the price around here. Cultivator worth nearly the asking price!
 
My wife says buy them both. Get the ford running, sell it for $2000+...... Put that money towards the 140.... I love this idea!
 
I would pick the one that you will have the most use for after you get one restored. If you have no use for either one, plan to sell it to make space for the next project.
 
You tell the version by looking at the transmission and theclutch pedal. The 641 is a 4 speed without any live power take off. the 651 is a 5 speed transmission without L PTO, the 661 is a 5 speed with a 2 stage clutch live PTo and it will have adjustable holres in the clutch pedal so in one positon you have the 2 stage live pto and the other position yiu do not get the use of the pto..If you are in any of the southern states that does not get much snow this would not affect you but the Ford using a 3 point rear blade that is easily avaible you can clear your drive easilt with the Ford or gravel drive maintain it but the Farmall finding a blade would be close to impossible. Fords were popular up here in Ohio but the only time I ever saw any Farmall 140 tractors was one time the Ford tractor dealer had 2 of them in trade in line. Any single row tractor as that Farmal is was not sold up here in the corn belt. This is assuming the Ford has the gas engine, good, diesel , BAD.
 
Something to think about. Which tractor will be easier and safer to give grandkids a ride on?
My ford has fenders and not as high as Farmall c. No fenders on C.
 
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