Scottie, if I had an unlimited supply of good old tractors with FELs that I could sell for $6000, I'd get rich. They just don't exist in any quantity unless you get lucky. Call it "tractor lotto". Someone is going to find one like that, but it probably ain't gonna be you. It happens only rarely.
Here's my short story. I bought a 1964 Ford 4000 Industrial Tractor, 2 WD, gas, Selecto-Speed tranny, Loader, 3 pth, box blade, but no PTO, for $3000 cash. Sounds like a deal, right? ...NOT!/w3tcompact/icons/frown.gif It was about as useless a rig as I've ever seen. It would start and run fine and the Selecto-speed tranny would normally only leak down to where I had to refill about every 30 hr of operation. The engine smoked like crazy, but hey, I didn't mind that too much. Guess what it would not do? The loader could not be filled even 1/3 without the rear tires losing so much traction that you could easily spin on an almost level gravel road (it had wheel weights and the wheels were loaded). This was so bad, that with an empty bucket in the air and pointing downhill, I often couldn't back up. Many times I had to put the loader buck down and "walk" the tractor backward to more level ground. The only two things I ever successfully did with this tractor was spreading some gravel on a road and box bladeing it and also it was great to put that huge 3/4 yd bucket in the air and go tearing willy-nilly into the brush. I never had to worry about tearing that thing up. It was great for clearing trails, especially if what was in front of you was slightly downhill. You might have to struggle to get back up the hill, but going down you could really clear a path. After three years, I was looking at new New Hollands (I eventually bought a TC45D) and struck up a conversation with a guy who was interested in buying my old Ford 4000. I told him I wanted to keep the box blade, but I'd take $1000 for the tractor. He came over a couple of days later with a gooseneck trailer and loaded the ole yeller tractor up, paid me, and drove away. I ran behind him and double-locked the gate /w3tcompact/icons/wink.gif. I didn't want to take any chance he would change his mind and return. If he had, I was going to play like I wasn't home /w3tcompact/icons/smile.gif.
Okay, I embellished a little, but probably less than you think. Here is what I suggest. If you want an older 2wd tractor for bush hogging, blading, and plowing, that is just fine. You can find good ones for $3000 to $5000. If you want a tractor with an FEL. Don't settle for anything without 4WD and power steering. To get that, you will have to pay about $10,000 minimum for something you won't spend all your time fixing. Anyone who would tell you different is "pulling your leg."
JimI