I have a 550 similiar to the one that you posted. I would certainly do the mechanical work before anything else. You have a late model 550 however the picture indicates that you have some expensive cosmetic work to do. The fiberglass grill will have to be replaced, some body work, steering linkage, steering wheel etc. Is the motor in good shape? I didn&#039;t have to do motor work on mine but new tires, steering wheel, lights, paint, decals ran over $1800. You can see my finished 550 on the photo section of Yesterdays tractor.<!-- s:D --><img src="{SMILIES_PATH}/icon_biggrin.gif" alt=":D" title="Very Happy" /><!-- s:D -->