The rebuild was actually done 2-3 years ago. He had started to refurbish it. Blasted and repainted the rims, new rubber, rebuild on the smoky old Onan, new hydraulic hoses, repacked all but one of the leaky cylinders... then he lost interest. But he has kept using it occasionally.
I'm thinking that I'll offer him 3500 and see how firm he is on the price.
Well I am now a proud owner of Case 648 Loader Backhoe!
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I mean congrats!