Reply to D4Jim:
If it is not running, it is very difficult to justify paying above scrap price for the unit. It looks like it was rode hard and put up wet!! Probably early to mid 1960"s vintage just guessing without knowing the SE#.
Maybe worth $8K if fixed up in usable condition but one can spend about that much just refurbishing the tracks which look abysmal. . .
Don't know where you are located but the $ for scrap wold be about $1700 here in KS. IMO I would not pay more than scrap price for it unless it is running.
Good Luck as if they are running they are a handy machine around a farm but one might want to consider a skid loader rather than restoring an older Cat. .
Hi Tyler, Jim makes very good points. If money is not an issue, then you'd also need to consider your time, which at this point would be an unknown since it's not currently running. If you can get it started, then you can make an assessment of whether "everything" works. If through some stroke of luck, everything does work satisfactorily, then as Jim pointed out, you're probably up for a few thousand to replace the undercarriage - that's where most of the value of these machines sit. Replacing undercarriage though is a "guaranteed" fix since it would all be new and there's no realistic chance of a failure. You might also be able to use it as-is, if the tracks can be adjusted so they don't fall off as you turn with a load in the bucket. You'd need to weigh all of that against the immediate utility you'd get from a skidsteer or even small loader in good condition but also the price you'd have to pay for one of those.
So offer him scrap price, then get it going and come back here with your findings on how well it runs - don't worry about the undercarriage because we can already see that it's spent