Re: 3016 Ingersol tractor with 16hp Onan engine
That is still a good price as long as the repair is done right. There is not an engine on the planet can be the age of either engine and it not need work. You did not buy a new tractor.
You and others, I applaud you in buying real tractors. But, know that you either have to be the mechanic or pay the mechanic as part of the package of an older tractor. You will not fix them one time and it will magically be new. It was new in the 70, 80, or 90's.
Facebook has an astonishing number of people who know nothing about engines and mechanical things that have bought an old tractor. They somehow think they bought new old. The quality build does not mean that it will not need work. Being in good mechanical shape is only temporary.