Yikes, I wouldn't pay $300 for it. Sounds like a total parts machine. Offer him a $100 or maybe $150 (too much for me) and walk away. If he wants to rebuild it, more power to him. I had a guy local to me selling a 147 w/ electric lift for $175 and it ran. Some fool had tried to make it a red tractor. So he was selling it cheap.
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Mike
1968 CC 105
"Chug a lug a luggin' 5 miles an hour on my International Harvester"
"Don't forget that ignition key  !!"
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