For instance, I paid pretty much fair market value for my Sears and although I haven't put too much into it I'd still be lucky to break even if I sold it, however, I've spent probably 100+ hours on that machine pushing snow this winter...what's that worth in terms of paying someone else to do it or in terms of the time savings for me vs. shoveling? That's when it gets sticky and it's up to the individual to decide. Even though I paid what I consider to be a decent amount of money for it I couldn't have touched a new tractor for that same amount and would the new one hold up the same way? I doubt it.
There's also another factor at play for me; I think history (a.k.a. vintage) has it's own value. (And no, I don't think it's worth a fortune because it's "rare", it just has a value to ME personally) I like the history, the character, the personality and so on that the vintage equipment has.
Simply replacing tires on a tractor can exceed it's "value" in terms of what it will sell for but if that machine does countless jobs for me over the course of years and years that's a little harder to put a price on. I'd rather spend 10 times what one of these old machines is "worth" fixing it up so I have a well built piece of equipment that will outlast me than spend money on new junk that will cost me more in the long run and besides, it gives me something fun to do to maintain my sanity (did I mention what therapy costs? Lol).
With that being said though, this is a decision that needs to be made on an individual basis, whatever is right for you is what you need to look at.
Edited by Walkinman1, March 01, 2014 - 09:22 AM.