While the price isn't TOO bad for a 20-year-old machine--they only continue to get older and more obsolete. Some, perhaps like yourself don't care about that...right now. But you may when it comes time to trade in or sell it. Personally, I owned an '87 L555 for a few years until I bought a brand new LS180 then traded in that for a LS185.b. The old L series are old and dated looking. And even if you can get past the "love it or hate it" looks (I think it's one, if not THE ugliest machines ever made) the attachment plate ---if it hasn't been changed over yet to the SAE-standard starting in 1996-1/2---then you will be screwed when you want to use a different attachment---which is at least an $800 cost to do (I did it). If it were me, I would look for a guy going out of business or something like that that has a much newer late-'90's machine for about $2000 more and less hours. And the engine in my old L555 had to be rebuilt at a cost of $5000 which I didn't do--I sold the whole thing to a buddy for $5000---BUT--it had new tires, rims, steel tracks, new $450 engine cover, paint, battery, seat, starter, $500 rebuilt radiator, new decals and lights. Also, older machines usually don't have aux. hydraulics which means you can't use anything other than a dirt bucket or forks---no augers, snow blower, grapple bucket. Look for deals: A few years ago I was in my local dealer when I overheard a guy come in saying he wanted to know what an Lx665 was worth sight-unseen---it didn't run and was three cities over. The dealer really wasn't interested and offered $400-600. I knew the salesman. The guy left and I asked the salesman for his number. I called the guy who it turned out worked for a local garbage incineration depot. His company's other plant had literally dumped the skid steer and some semi trucks on their lot and said "keep 'em we don't want them". It had grey ash all over it from the loading the incinerators and looked pretty bad with two different size forklift tires on it and wouldn't run. So me and my "guy-with-the-money" offered $800 and they took it! Flatbedded it home, cleaned out the engine bay, put new tires and rims on it, changed the oil, power washed the ash and rattle-canned a $60 paint job and Viola! He's been using it ever since. We later found out it was a 1998 model so it was only about 6 years old when we got it. He bought my old grapple bucket and we both went to Mississippi to clean up Hurricane Katrina. He cashed me out on our partnership and gave me $2500. Not too shabby.