First, Sorry for your troubles.
On your tractor issue there's a couple things you can do.
1. Sell complete unit as-is.
2. Repair.
3. Part it out.
1. Selling the complete unit as-is will get the unit gone and some cash in your pocket. Wash your hands of it and move on. Trying to determine a fair value is the tricky part, and what you are willing to let it go for.
2. Repairing the unit, you have to ask are you going to repair it yourself, or have it repaired? Doing it yourself will save you the labor cost, but requires knowledge, or the ability to acquire the knowledge, tools, and it takes your time. Do you have the knowledge, tools and the time to do it yourself? Having someone else repair it is an unknown cost. A service shop will have to first tear into it to see what's wrong before they can give you an estimate on how much repairs will cost. You'd have to do the same thing if you did it yourself.
3. Parting it out, you will be hanging on to a carcass for years and years as people call you for parts here and there. Plus, you'll have to advertise it for years and years. Look for a tractor salvage yard that will buy the unit from you and sell it to them and be done with it.
Years ago I had a late 70's IH2500b tractor loader with cab that I no longer wanted. I wanted to sell it for about $3000. It needed $1500 in parts to get it in sellable condition. I went to an IH salvage yard here locally, and priced out the parts. The salesman asked what I was doing. I told him. He says he'll buy the unit from me for $1500 as-is. So think about that. I wanted $3000. It needed $1500 in parts (plus my free labor). $3000 in price minus $1500 in parts = $1500 profit. Plus, I wouldn't have to do any labor and he'd pick it up for free. No brainer. I ended up with the same amount of money in my pocket and clean hands. :thumbsup:
So, that's the option I'd go with if I were you and didn't want to repair it myself or pay to have someone repair it.
- Look at what that machine is worth in running condition.
- Add up the price of estimated repair parts and labor.
- Subtract that amount from the value of the machine if it was in running condition.
- That's the price you should sell it for to a private person or scrap yard.
Good luck with your decisions. :thumbsup: