The 4120's are fetching a good buck used. There seems to be especially heavy demand for those simple (tier 3), American-made JD, Powertech engines. You will likely be able to get nearly as much or more for that, than you paid for it new. The only trouble I have had with my 10 year old 4120 is the factory Bosh starter, which failed due to corrosion at 3 years (replaced with a $120 aftermarket "Powerstrike" starter), the factory battery, which failed at 6 years, and the front Titan R-1 tires. The sidewalls just rotted out on them this year in spite of always being stored indoors, when not in use, and less than 1000 hours operating outside. I just ordered some Carlisle's from Amazon and am putting them on Tomorrow. Fortunately, The Titan rears still look very good.
I heard they are offering a 6 year warranty powertrain warranty on those new foreign-engine tier 4 JD tractors, so that should make "taking the plunge" a little easier for you.