Well I went and checked it out.. Doesn't seem too bad really. The MP shifts firmly with no noise at all. All the gears work, brakes are really good, posi works. It has a couple small fuel leaks, one at the fuel pump, one at the injection pump. Neither seem like a big job to fix. I checked the weep holes under the tractor. There's no engine oil at all, but 2 or 3 drips of hydraulic oil. Is this something to worry about yet? I snagged the shop mechanic at the dealership and he said it could be the front tranny seal starting to weep. He's been there for 40 years and said just run it. Is it a big job to change after the tractor is split? I'm a heavy equipment mechanic so it really doesn't scare me too bad... I also got ahold of the previous owner. He bought the machine brand new back in the 70's. He traded it in on a newer machine and said he actually wants the old 165 back. The engine was rebuilt sometime in the late 80's and it got new clutches along the way. Speaking of clutches, Farmwithjunk mentioned something about the MP pto being hydraulically operated, but this machine has a 2 stage clutch just like my dad's 135. You have to push the pedal all the way to the runningboard to engage the PTO. Does this make sense? The previous owner also said the machine really never worked very hard, mostly just towed wagons around and occassionally ran a planter. He also said the hydraulics are good and strong. The machine has a factory remote on it. We also put a test gauge on it and it showed 2500psi...the mechanic said that's where it's supposed to be. It all seems to check out good... After haggling a bit with the dealer, he said he'd take my WD-45 on trade and $3900 for the 165. It seems like a much better deal now. I can probably get him down a bit more too. What's everyone think now???