Unless a PO installed a hydraulic lift... The lift should be electric. 127's are very good machines, however it really all depends on how the tractor has been treated/maintained, and what repairs have been done (and if they were quality repairs).
I'm something of a pessimist with an optimistic outlook. I never buy a Cub Cadet without first assuming (I know you shouldn't do that) that it will need the pto, steering, clutch (for gear drives) trunnion repair and release valves repaired or replaced (for hydros) points, condenser, coil, voltage regulator, starter/generator, carburetor, and perhaps the engine all rebuilt/replaced/repaired. If you are willing to to do whatever it takes and/or spend the money to put this tractor back into good shape, then ANY IH built Cub Cadet will make you a FINE machine.
$500.00 sounds a little spendy to me, unless the tractor is in pretty darn good condition. However if you are trading off stuff that you don't really care too much about, then it may not be such a bad deal.
Drive it around, cut a little grass with it and see for yourself how it works... Keep in mind that if you were to "go through" this tractor from one end to the other, put it back to NEW condition you could spend as much as $2000.00 on it, BUT it will last 40 years. OR you can go spend $2000.00 on a brand new machine and then throw it away in 5 or 6 years. Not a difficult decision in my book...
But then again... What do I know???
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